The global livestock monitoring market size was US$ 1,654 million in 2021. The global livestock monitoring market size is forecast to reach US$ 4,341 million by 2030, growing at a compound annual growth rate (CAGR) of 11.7% during the forecast period from 2022 to 2030.
Livestock management also referred to as livestock monitoring or precision livestock farming, uses IoT-enabled sensors to track and monitor the health of livestock, most frequently cattle. Technology is used in livestock monitoring to raise the productivity and profitability of livestock production. Instead of relying entirely on the senses of farmers, on-site tracking sensors provide data on the whereabouts and physical condition of animals. Hardware sensors assist farmers in monitoring the general health of their livestock, including reproduction, feeding habits, and hygiene. A system like this can help farmers keep track of the general health of their animals, including feeding habits, reproduction, and hygiene.
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Factors Influencing Market Growth
The growing cases of chronic disease and disorders in animals drive the global market.
The rising use of cutting-edge technology-based farming solutions, technical developments and introduction of innovative instruments, the unpredictability of climate transformation, and genetic factors are forecast to offer lucrative opportunities for the global market.
Huge capital investment integrated with a fragmented agriculture industry, an incapability to select hygienic conditions, and an insufficient favorable reimbursement scenario may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic has affected millions of people worldwide. Most industries, including the animal health sector, were affected economically by the infectious COVID-19. Due to the nationwide lockdown and social distancing demand for livestock monitoring increased. Despite the pandemic’s disruptions, market actors were able to provide clients with a variety of supports in order to limit disturbance to their operations. In addition, companies expanded remote digital services to their clients, including virtual solutions for tasks like product trials and equipment installation.
Regional Analysis
North America accounted for a major share in 2021 and is forecast to have substantial growth during the forecast period. As a result of the existence of cattle care companies combined with technical advances, corporatization of farm and poultry sectors, and government-based modern farming programs. In addition, the adoption of technologically advanced devices such as sensors, smart cameras, and positioning systems and the increasing demand to decrease the costs associated with livestock rearing. Additionally, the growing prevalence of zoonotic diseases has boosted the demand for technology to monitor sick animals. Thus, these factors boost the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global livestock monitoring market are:
DeLaval Incorporated
GEA Group Aktiengesellschaft
Afimilk Limited
Sensaphone
BouMatic
Antelliq
Dairymaster Limited
Fancom
Lely
Fullwood Packo.
Other Prominent Players
Scope of the Report
The global livestock monitoring market segmentation focuses on Animal Type, Component, Application, and Region.
Segmentation based on Animal Type
Cattle
Sheep
Goats
Pigs
Poultry
Segmentation based on Component
Hardware
o GPS
o Sensors
o Others
Software
o On-Premise
o On Cloud
Services
o Maintenance & Support
o Integration & Deployment
o Others
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Segmentation based on Application
Milk Harvesting Management
Breeding Management
Feeding Management
Heat Stress Management
Animal Comfort Management
Behavior Monitoring and Control
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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