Animal Tracking Market: Growth, Trends & Technology Insights USD 4.9 Billion by 2031 | Telonics, Inc., Telemetry Solutions, Inc., MiniFinder Sweden AB, Ecotone Telemetry, Whistle

Animal Tracking Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The global animal tracking market reached USD 2.1 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 4.9 billion by 2031. The global animal tracking market is expected to exhibit a CAGR of 11.5% during the forecast period (2024-2031)

Animal tracking refers to the use of various technologies and methods to monitor the movements and behaviors of animals. This process involves the use of GPS, radio frequency identification (RFID), or other sensor-based technologies to track animals in the wild, in captivity, or for livestock management. Animal tracking helps in studying animal behavior, migration patterns, conservation efforts, and managing wildlife populations, as well as enhancing the health and safety of domestic animals. It plays a crucial role in ecological research and wildlife conservation.

List of the Key Players in the Animal Tracking Market:

Telonics, Inc., Telemetry Solutions, Inc., MiniFinder Sweden AB, Ecotone Telemetry, Whistle, Hidrolab Ltd, Cellular Tracking Technologies LLC, Advanced Telemetry Systems, Inc., Animal Trackem, and Digital Animal among others.

Industry Development:

In January 2023, Astrocast, a global operator of nanosatellite IoT networks, partnered with Digitanimal, a developer of smart livestock tracking solutions, to create a Satellite IoT (SatIoT) solution. The collaboration aims to introduce an advanced tracking tool that connects to Astrocast's extensive satellite network. With the SatIoT-enabled collar, farmers will be able to remotely track their cattle, enabling them to manage livestock more effectively using Agriculture 4.0 techniques.

Growth Forecast Projected:

The Global Animal Tracking Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Animal Tracking Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Animal Tracking Market:

By Product: GPS Tags, Argos Doppler tags, Electronic Tags, Others

By Deployment: Mobile Phones, PC's, Others

By Animal Type: Cattle, Horses, Sheep, Companion Animals, Others

Regional Analysis for Animal Tracking Market:

The regional analysis of the Animal Tracking Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Animal Tracking market?

➠ Who are the leading manufacturers in the global Animal Tracking industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Animal Tracking industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Animal Tracking market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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