Soaring Demand Set to Propel Livestock Monitoring Market to $7.14 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Livestock Monitoring Market Through 2025?
In recent times, there has been a significant increase in the livestock monitoring market size. The market, which stands at $3.48 billion in 2024, is projected to rise to $3.94 billion by 2025, depicting a compound annual growth rate (CAGR) of 13.1%. This upward trend in the historic period can largely be accredited to the uptake of precision livestock farming, effective disease prevention and management strategies, enhancements in productivity and efficiency, government interventions aimed at livestock welfare, and a surge in consumer demand for quality.

What's the Projected Size of the Global Livestock Monitoring Market by 2029?
In the forthcoming years, the livestock monitoring market is predicted to experience a significant expansion. The market is projected to escalate to $7.14 billion by 2029 with a 16.0% compound annual growth rate (CAGR). Factors contributing to the growth during the forecast period include environmental sustainability, initiation of smart farming practices, animal identification and traceability, customization for diverse livestock species, as well as integration with farm management systems. The emerging trends in the forecast are the consolidation of Internet of Things (IoT), use of GPS tracking for grazing management, automated health monitoring systems, data analytics for future insights, along with non-intrusive monitoring technologies.

View the full report here:
https://www.thebusinessresearchcompany.com/report/livestock-monitoring-global-market-report

Top Growth Drivers in the Livestock Monitoring Industry: What's Accelerating the Market?
A growing emphasis on timely disease discovery and live tracking in livestock is predicted to significantly contribute to the expansion of the livestock monitoring market. Paying attention to immediate monitoring and early identification of diseases is essential for delivering proper care to animals, thus ensuring their health is kept in check. Sensor technologies are beneficial in this regard as they assist in live tracking and surveillance, facilitating early identification and correction of any issues with the livestock. For instance, in November 2023, the UK Centre for Ecology & Hydrology, a UK-based research organisation, revealed that a unique project - financed by a £700,000 grant from Innovate UK - is designed to create automated and real-time monitoring for a cattle disease that incurs an annual expense of £80 million to UK's agriculture sector. This initiative forms part of the Farming Futures Automation and Robotics competition under Defra's £270 million Farming Innovation Programme. Therefore, the escalating emphasis on live monitoring and early diagnosis of diseases will fuel the expansion of the livestock monitoring market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6874&type=smp

What Trends Will Shape the Livestock Monitoring Market Through 2029 and Beyond?
Key players in the livestock monitoring market are striving to maintain a competitive advantage by developing unique farm management systems. These systems are a combination of software solutions and technologies aimed at improving and streamlining farm-related processes and activities. A perfect example is SK Telecom Co. Ltd, a technology company based in South Korea, which unveiled a novel livestock monitoring system, named Live Care, in July 2023. The system is meant to improve livestock management and welfare using cutting-edge technology, catering specifically to the growing requirements of the agricultural sector. Live Care employs IoT devices to supply instantaneous data about the health and behavior of livestock, empowering farmers to keep a close eye on their animals and promptly address any health concerns or behavioral changes.

What Are the Main 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6874&type=smp

Which Top Companies are Driving Growth in the Livestock Monitoring Market?
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

Which Regions Will Dominate the Livestock Monitoring Market Through 2029?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6874

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.