The Latin America Livestock Monitoring System Market size was around USD 51.58 million in 2021. It is expected to grow at a CAGR of 16% to reach USD 101.83 million by 2026. It captures 8% of the global market.
These days, animals are produced intensively and maintained under proper conditions for growth and production within current technological limits. 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, sick animals, and observe animals in the trailer in case of travelling. Currently, livestock monitoring systems market is experiencing gradual adoption of integrated monitoring systems, in which information from databases, sensors, and other knowledge bases are combined, interpreted and analysed. Many systems containing few of the elements of an integrated monitoring system are available commercially for cattle, broiler, swine, and milk production.
Drivers and Restraints of Latin America Livestock Monitoring System Market:
Drivers:
Key factors driving the demand for livestock monitoring systems are — increase in size and number of dairy farms, new product launches for livestock management, development of sensors which can gather a wide range of information, and demand for cost savings associated with livestock monitoring & management. Steady growth in sensor technology are making available large amounts of information relevant to monitoring animals and their environment, thereby, their production, health and growth. Steadily growing demand for the large cattle and poultry, advanced techniques are being used to aid the monitoring and tracking of animals. The utilisation 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 high acceptance rate in the future.
Restraints:
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 Livestock Monitoring System are depreciation cost, raw material cost, labour cost, and other costs. These are the primary restraints of market growth. The secondary restraint for the growth of the livestock monitoring market are the dearth of trained professional. The industry is presently lacking trained professional to cater to rising demand in 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.
Latin America Livestock Monitoring System Market – By Offering:
hardware
Hardware offering is likely to hold the largest market share during the aforementioned forecast period.
Latin America Livestock Monitoring System Market – By Application:
Feeding management application is projected to grow at the highest rate during the aforementioned forecast period. The high growth of this application is majorly driven by the increasing availability of innovative feeding technologies like liquid feeding systems and dry feeding systems.
Latin America Livestock Monitoring System Market – By Species:
Manual management of livestock is time consuming and costly. Hardware and software solution enables automatic identification and data capture, which aids in accurate and quick tracking and monitoring of livestock. Due to these advantages, market for cattle monitoring is projected to grow significantly during the aforementioned forecast period.
Geographical Analysis:
On the basis of geography the market is classified into
Key Players:
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.).
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Offering
5.1.1 Introduction
5.1.2 Hardware
5.1.2.1 RFID Tags & Readers
5.1.2.2 Sensors
5.1.2.2.1 Temperature Sensor
5.1.2.2.2 Accelerometer Sensor
5.1.2.2.3 Motion Sensor
5.1.2.2.4 Environmental Humidity Sensor
5.1.2.2.5 Others
5.1.2.3 Transmitters & Mounting Equipment
5.1.2.4 Global Positioning System (GPS)
5.1.2.5 Others
5.1.3 Software
5.1.3.1 On-Cloud
5.1.3.2 On-Premise
5.1.4 Services
5.1.4.1 Integration & Deployment
5.1.4.2 Managed Service
5.1.4.3 Maintenance & Support
5.1.5 Y-o-Y Growth Analysis, By Offering
5.1.6 Market Attractiveness Analysis, By Offering
5.1.7 Market Share Analysis, By Offering
5.2 Species
5.2.1 Introduction
5.2.2 Cattle
5.2.3 Poultry
5.2.4 Swine
5.2.5 Equine
5.2.6 Others
5.2.7 Y-o-Y Growth Analysis, By Species
5.2.8 Market Attractiveness Analysis, By Species
5.2.9 Market Share Analysis, By Species
5.3 Application
5.3.1 Introduction
5.3.2 Milk Harvesting Management
5.3.3 Breeding Management
5.3.4 Feeding Management
5.3.5 Heat Stress Management
5.3.6 Animal Comfort Management
5.3.7 Behavior Monitoring and Control
5.3.8 Others
5.3.9 Y-o-Y Growth Analysis, By Application
5.3.10 Market Attractiveness Analysis, By Application
5.3.11 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Offering
6.1.3.3 By Species
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Offering
6.1.4.3 By Species
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Offering
6.1.5.3 By Species
6.1.5.4 By Application
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Delaval (Subsidiary of Tetra Laval International, S.A.)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 GEA Group AG
8.3 Afimilk Ltd.
8.4 Boumatic, LLC
8.5 SCR Dairy, Inc. (An Independent Division of Allflex Group)
8.6 Dairymaster
8.7 Lely Holding S.À.R.L
8.8 Sum-It Computer Systems, Ltd.
8.9 Valley Agriculture Software
8.10 Infovet
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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