Press release
Rapid Growth Expected for Livestock Monitoring Market: Fueled by Smart Technology, IoT Integration & Quality Demand
Livestock Monitoring Market
What Is The Projected Market Size Of The Livestock Monitoring Market & Its Growth Rate?
• The livestock monitoring market size was $3.48 billion in 2024, anticipated to grow to $3.97 billion in 2025 with a CAGR of 14.0%.
• Precision livestock farming adoption, disease prevention and management focus, and improved productivity and efficiency drove the historic growth.
• By 2029, the market is projected to reach $7.3 billion, growing at a CAGR of 16.4%.
• This forecasted growth can be attributed to environmental sustainability initiatives, smart farming techniques, animal identification and traceability enhancement, livestock species customization, and farm management systems' integration
What Is Driving The Growth In The Livestock Monitoring Market?
Early detection of diseases and real-time monitoring play significant roles in the growth of the livestock monitoring market. The importance of maintaining optimal animal health conditions promotes the use of sensor technologies to promptly identify and rectify issues. A specific example is a £700,000 project funded by Innovate UK that aims to automatically monitor cattle diseases that annually cost the UK's agricultural sector £80 million. This focus on early disease detection and real-time monitoring considerably fuels the growth of the livestock monitoring market.
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Who Are the Key Players Driving Livestock Monitoring Market Growth?
• Cargill Incorporated
• GEA Farm Technologies GmbH
• Afimilk Ltd.
• VDL AgroTech B.V.
• Antelliq Corporation
• Lely Holding B.V.
• Nedap N.V.
• Boumatic LLC
• Dairymaster USA Inc.
• CowManager B.V.
• Sensaphone Inc.
• BovControl B.V.
• Allflex Livestock Intelligence Ltd.
• Cainthus Ltd.
• DeLaval Inc.
• Fancom B.V.
• Fullwood Packo Ltd.
• HerdInsights (Subsidiary of Datamars AG)
• Livestock Monitoring Systems Pty Ltd.
• Quantified AG
• Rex Animal Health Inc.
• SmartShepherd Ltd.
• Connecterra
• Hokofarm-Group BV
What Are The Key Trends In The Livestock Monitoring Market?
• Integration with the Internet of Things (IoT)
• Implementation of GPS tracking for grazing management
• Development of automated health monitoring systems
• Harnessing data analytics for predictive insights
• Adoption of non-invasive monitoring technologies
What Are The Segments Of The Global Livestock Monitoring Market?
1) By Livestock Type: Cattle, Poultry, Swine, Equine, Other Livestocks
2) By Offering: Hardware, Software, Services
3) By Application: Milk Harvesting Management, Heat Detection Monitoring, Feeding Management, Heat Stress Management, Health Monitoring Management, Sorting And Weighing Management
Which Region Leads The Livestock Monitoring Market?
North America led the livestock monitoring market in 2024. However, the market has a broad geographical coverage, including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Livestock Monitoring Market Global Market Report?
- Market Size Analysis: Analyze the Livestock Monitoring Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Livestock Monitoring Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Livestock Monitoring Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Livestock Monitoring Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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