Livestock Monitoring System Market

Global Livestock Monitoring System Market Size (2024 to 2029):

The global livestock monitoring system market size is expected to reach USD 985.44 million in 2024 and reach USD 2245 million by 2029, growing at a CAGR of 17.9% from 2024 to 2029.

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 and sick animals and observing animals in the trailer in case of travel. 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 a few of the elements of an integrated monitoring system are available commercially for cattle, broiler, swine, and milk production.

Global Livestock Monitoring System Market Drivers:

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. With 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.

Global 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 on 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.

REPORT COVERAGE:

This research report on the global livestock monitoring system market is segmented and sub-segmented into the following categories.

Global Livestock Monitoring System Market – By Offering:

• Hardware
• Software
• Services

Global Livestock Monitoring System Market – By Application:

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

Global Livestock Monitoring System Market – By Species:

• Poultry
• Swine
• Cattle
• Equine
• Others

Global Livestock Monitoring System Market – By Country:

• 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 MARKET 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.). some of the market players dominating the global livestock monitoring system market.