The Europe livestock monitoring system market size is expected to reach USD 461.96 million in 2024 and reach USD 1056.85 million by 2029, growing at a CAGR of 18% from 2024 to 2029. It captures 35% of the global market.
These days, animals are produced intensively and maintained under proper conditions for growth and production within current technological limits. A large number of animals are restrained within a building or stockyard. Since they are prevented from foraging for their own food, the owner of livestock has to cater to all aspects of their husbandry. Thus, management and monitoring related to environment, reproduction, feeding, marketing, transport, health, growth, and quality becomes the responsibility of the farmer. Livestock monitoring systems monitor the entire livestock environment 24/7 and alert the user by text, phone, or email if the system alters from a pre-set parameter for prompt response. In addition, these systems are utilized for monitoring tack rooms and sick animals and observing animals in the trailer in case of traveling. Currently, the livestock monitoring systems market is experiencing the gradual adoption of integrated monitoring systems, in which information from databases, sensors, and other knowledge bases are combined, interpreted, and analyzed. Many systems containing few of the elements of an integrated monitoring system are available commercially for cattle, broiler, swine, and milk production.
Key factors driving the demand for livestock monitoring systems are — an increase in the size and number of dairy farms, new product launches for livestock management, the development of sensors that can gather a wide range of information, and demand for cost savings associated with livestock monitoring & management. Steady growth in sensor technology is making available large amounts of information relevant to monitoring animals and their environment, thereby, their production, health, and growth. Steadily growing demand for large cattle and poultry, advanced techniques are being used to aid the monitoring and tracking of animals. The utilization of systems for weighing and identifying animals is already pronounced worldwide, and it is anticipated that systems for tracking animals, monitoring basic health-related factors such as body temperature and heart rate, and for assessing body conformation will witness a high acceptance rate in the future.
Cattle, poultry, and other animals require optimal conditions to stay healthy and maximize their yield. Equipment failures such as circulation fans, ventilation systems, heaters, and air conditioners can endanger their health and can create problems if not handled promptly. Numerous costs involved in the production of the Livestock Monitoring System are depreciation cost, raw material cost, labor cost, and other costs. These are the primary restraints of market growth. The secondary restraint for the growth of the livestock monitoring market is the dearth of trained professionals. The industry is presently lacking trained professionals to cater to the rising demand in the livestock industry. As per the United States Department of Labour (USDA), employment of dairy farm workers is estimated to decrease by 6% from 2014 to 2024. Likewise, as per a report of the working group on Animal Husbandry & Dairying, Government of India 2014, only 34,500 veterinarians are employed for field services against the requirement of 67,000.
The European market is likely to command the largest market share. The European livestock monitoring market is fuelled by various factors such as early adoption of livestock monitoring technologies and technological advancements in this region.
Key market players include Afimilk Ltd. (Israel), BouMatic LLC (U.S.), SCR Dairy, Inc. (Israel) DeLaval (Sweden), GEA Group AG (Germany), and livestock monitoring software and service providers such as DairyMaster (Ireland), SUM-IT Computer Systems, Ltd. (U.K.), and Valley Agriculture Software (U.S.).
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