Rising Emphasis On Early Disease Detection Fuels Growth In Livestock Monitoring Market: An Emerging Driver Transforming The Livestock Monitoring Market Landscape

The Livestock Monitoring Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Livestock Monitoring Market Size and Projected Growth Rate?
Over the past few years, there has been a swift increase in the market size of livestock monitoring. It is expected to expand from $3.48 billion in 2024 to an estimated $3.97 billion in 2025. The compound annual growth rate (CAGR) is projected at 14.0%. Factors such as the adoption of precision livestock farming, preemptive disease control and management, heightened productivity and efficiency, government welfare initiatives for livestock, and the escalating consumer demand for quality are responsible for the historical period growth.

Expected to see significant expansion in the coming years, the livestock monitoring market size is projected to reach $7.3 billion in 2029, with a compound annual growth rate (CAGR) of 16.4%. Factors contributing to this growth within the forecast period include environmental sustainability efforts, smart farming initiatives, animal identification and traceability, customization for specific livestock species, and integration with farm management systems. On the horizon, trends to watch during the forecast period include the integration of Internet of Things (IoT), GPS tracking tailored for grazing management, automated health monitoring systems, data analytics employed for predictive insights, and the development of non-invasive monitoring technologies.

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What Are the Major Segments in the Livestock Monitoring Market?
The livestock monitoring market covered in this report is segmented -

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

Subsegments:
1) By Cattle: Beef Cattle, Dairy Cattle, Dual-Purpose Cattle
2) By Poultry: Broilers, Layers, Turkeys, Ducks, Other Poultry
3) By Swine: market Hogs, Breeding Stock, Weaners
4) By Equine: Horses, Donkeys, Mules
5) By Other Livestocks: Sheep, Goats, Rabbits, Fish (Aquaculture), Other Specialty Livestock

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What Are The Driving Livestock Monitoring Market Evolution?
The escalated attention towards prompt detection of diseases and continuous supervision in livestock is anticipated to substantially fuel the expansion of the livestock monitoring market. The emphasis on constant supervision and prompt disease detection is critical in ensuring adequate animal care and sustaining their well-being. Real-time surveillance and tracking technologies can pinpoint potential issues for immediate remedy. As an example, in November 2023, the UK Centre for Ecology & Hydrology reported that a pioneering project, funded by a £700,000 grant from Innovate UK, aspires to establish automated and real-time surveillance for a cattle disease which incurs an annual cost of £80 million to the UK agricultural sector. This project joins the Farming Futures Automation and Robotics competition within Defra's £270 million Farming Innovation Programme. Therefore, the augmenting focus on constant supervision and early disease detection will fuel the advancement of livestock monitoring market.

Which Firms Dominate The Livestock Monitoring Market Segments?
Major companies operating in the livestock monitoring market include 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 Trends Are Expected to Dominate the Livestock Monitoring Market in the Next 5 Years?
Key players in the livestock monitoring market are introducing inventive farm management systems to stay ahead of the competition. These farm management systems encompass comprehensive software solutions and technologies created to refine and boost various farming processes and activities. To illustrate, in July 2023, SK Telecom Co. Ltd., a technology entity based in South Korea, introduced a novel livestock monitoring system known as Live Care. This venture is designed to improve livestock management and welfare through the use of cutting-edge technology, primarily focusing on the escalating needs of the agriculture industry. Live Care employs IoT devices to deliver real-time statistics on livestock health and behavior, allowing farmers to keep a close watch on their animals and rapidly address any health complications or behavioral changes.

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Which Is The Largest Region In The Livestock Monitoring Market?
North America was the largest region in the livestock monitoring market in 2024. The regions covered in the livestock monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Livestock Monitoring Market?
2. What is the CAGR expected in the Livestock Monitoring Market?
3. What Are the Key Innovations Transforming the Livestock Monitoring Industry?
4. Which Region Is Leading the Livestock Monitoring Market?

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