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Livestock Monitoring System Market - Segmented By Offering (hardware, Software, And Services), By Application (milk Harvesting Management, Breeding Management, Feeding Management, Heat Stress Management, Animal Comfort Management, Behaviour Monitoring And Control, And Others), By Species (cattle, Poultry, Swine, Equine And Others) & Region - Global Forecast (2022 to 2027)

Published: January, 2022
ID: 3759
Pages: 175
Formats: report pdf report excel report power bi report ppt

Livestock Monitoring System Market Size & Growth 2026:

The Livestock Monitoring System Market size was around USD 601.3 million in 2021. It is expected to grow at a CAGR of 17.9% to reach USD 1415.5 million by 2026.

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 the 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 a prompt response. In addition, these systems are utilized for monitoring tack rooms, sick animals, and observe animals in the trailer in case of travel. Currently, the 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 analyzed. Many systems containing a few of the elements of an integrated monitoring system are available commercially for cattle, broiler, swine, and milk production.

Drivers and Restraints:

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 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 assessing body conformation, will witness a high acceptance rate in the future.

Livestock Monitoring System Market 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 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 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.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

17.9%

Segments Covered

By Offering, By Application, By Species

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Afimilk Ltd. (Israel) BouMatic LLC (U.S.) SCR Dairy, Inc. (Israel) DeLaval (Sweden) GEA Group AG (Germany), DairyMaster (Ireland) SUM-IT Computer Systems, Ltd. (U.K.) Valley Agriculture Software (U.S.)

Market Segmentation:

Livestock Monitoring System Market – By Offering:

  • Hardware

  • Software
  • Services

Livestock Monitoring System Market – By Application:

  • Breeding management
  • Feeding management
  • Milk harvesting management
  • Heat stress management
  • Animal comfort management
  • Behavior monitoring
  • Control
  • Other applications

Livestock Monitoring System Market – By Species:

  • Poultry
  • Swine
  • Cattle
  • Equine
  • Others

Geographical Analysis:

On the basis of geography, the market is classified into

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

The European market is likely to command the largest market share. The market in APAC is estimated to grow at the highest rate during the aforementioned forecast period. The European livestock monitoring market is fuelled by various factors such as the early adoption of livestock monitoring technologies and technological advancements in this region.

Key Players:

  • Afimilk Ltd. (Israel)
  • BouMatic LLC (U.S.)
  • SCR Dairy, Inc. (Israel)
  • DeLaval (Sweden)
  • GEA Group AG (Germany)
  • DairyMaster (Ireland)
  • SUM-IT Computer Systems, Ltd. (U.K.)
  •  Valley Agriculture Software (U.S.)

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