Market by Product Type, Animal Type, Application, and Regional Outlook | Forecast 2022-2028
Livestock monitoring is
also known as livestock management or precision livestock farming. It entails
overseeing farms and farm animals, as well as their health, behavior, and
overall well-being. A livestock monitoring system utilizes sensors, GPS, and
other technologies for communication. Cattle, poultry, swine, equine, goats
& sheep, and other livestock animals are covered in the report.
According to Triton Market Research’s report, the Global Livestock Monitoring Market is likely to grow with a CAGR of 19.33% in the forecast period 2022-2028. The market was valued at $4534.03 million in 2021, and is expected to reach a revenue of $15474.13 million by 2028.
Click here to check out our blog on the Global Livestock Monitoring Market
MARKET PERFORMANCE – DRIVERS, CHALLENGES, AND TRENDS
The
market is driven by several factors, such as the growing demand for real-time
monitoring of animals, increasing demand for meat & animal products, and the
increasing prevalence of animal diseases. With
the increased number of animals, manual animal monitoring became challenging
due to farmers’ inability to detect serious infections in a timely manner. Also,
factors like late realization of animal feed running out of supplies affected
the market growth. Such issues necessitated the demand for real-time monitoring
of animals. As a result, several companies launched numerous products in the
market. Feed monitoring systems, sensors, video monitoring systems, milking
robots, milk sampling devices, weight monitoring systems, cow locating systems,
leg sensors, and other products have aided in the development of the livestock
monitoring market.
Low
acceptance among small-scale farmers is significantly hampering the growth of the
livestock monitoring market. Small farmers operate on
farms only to earn a living, and the machinery supported by AI, big data,
drones, and other technologies is very costly for a small-scale farmer.
Furthermore, several types of machinery, systems, and solutions are operated at
a high level, necessitating the technical expertise that small farmers lack. As
small-scale farmers are not technologically sophisticated, they do not have the
necessary technical abilities to embrace technology in the livestock monitoring
market.
Furthermore, the functioning of the livestock industry has changed with the passage of time, as everything has become mechanized using artificial intelligence approaches; this shows a positive outlook for the market. Workers in the livestock sector confront a variety of challenges, some of which include monitoring animal health and caring for animal feed. Besides, various companies have responded to such issues by developing a broad range of products to meet the demand from the cattle sector. Manufacturers have launched products such as milking robots, surveillance via cameras and drones, GPS-tracking devices, etc. Livestock health is also monitored and tracked using IoT-enabled sensors. Also, numerous livestock products incorporate artificial intelligence, which is revolutionizing the livestock sector.
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KEY GEOGRAPHIES COVERED:
• North America: The United States and
Canada
• Europe: The United Kingdom, France,
Germany, Spain, Italy, Belgium, and Rest of Europe
• Asia-Pacific: China, Japan, India,
South Korea, Australia & New Zealand, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico,
Argentina, and Rest of Latin America
• Middle East and Africa: Israel, Saudi
Arabia, Turkey, South Africa, and Rest of Middle East & Africa
SEGMENTATION ANALYSIS – LIVESTOCK MONITORING MARKET:
• Market by
Animal Type:
o Cattle
o Poultry
o Swine
o Equine
o Goats & Sheep
o Others
The
goats & sheep segment is estimated to progress with the highest CAGR during
the forecast period. Farmers in goat and sheep
husbandry are increasingly embracing the technology as they encounter several
hurdles, including health monitoring, feed management, and other issues.
Several companies have introduced products such as health monitoring systems, sensors,
and other similar products. SmartShepherd is a wearable device developed by
SmartShepherd that can collect real-time data of sheep herds and analyze it for
detecting any health-related issues in them.
• Market by
Product Type:
o Hardware with Integrated Software & Systems
• Sensors
• GPS
• Others (RFID, Smart Cameras)
o Standalone Software
• On-cloud
• On-premise
o Services
• Integration & Deployment
• Maintenance & Support
• Other Services
• Market by
Application:
o Milk Harvesting
o Breeding Management
o Feeding Management
o Animal Health Monitoring & Comfort
o Heat Stress
o Behavior Monitoring
o Other Applications
Milk
harvesting leads the market in terms of revenue. Livestock
monitoring systems that provide automatic and real-time information on cattle
are being used to make milk production more sustainable. Modern dairy farms are
equipped with a variety of sensors for milk output, body weight, movement, and
even milk composition. Various types of sensor systems, such as rumination time
sensors, fat & protein sensors, temperature sensors, and milk temperature
sensors, are used for milk harvesting. The AfiActII leg sensor from Afimilk is
used to measure the heat, well-being, and other parameters in cows.
COMPETITIVE LANDSCAPE:
The competitive landscape
helps dive into data about the key players in the livestock monitoring market.
The strategic initiatives for each of the companies considered have been
covered in detail.
Agreement (February 2022): CowManager, Zoetis Inc, and
Select Sires Inc
CowManager
collaborated with Zoetis and Select Sires Inc to combine genetic and
predictive sensor technologies. The goal of this partnership is to help cattle
producers improve their farm management by offering better advice based on more
precise and intelligent cow data.
Acquisition (October 2021): BouMatic
BouMatic acquired SAC
Group, a well-known full-line producer of complete milking systems for cows,
sheep, and goats. The acquisition will help BouMatic to expand its business
further in Denmark.
Key Benefits of the Report:
· Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.
· Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.
· The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.
· The scope of the market report
comprises the current scenario of the global livestock monitoring market, along
with the detailed overview of the industry outlook, market dynamics,
segmentation analysis, regional outlook, and competitive landscape for the
period 2022-2028.
FAQs:
Q 1) Which is the fastest-growing product
type in the livestock monitoring market?
Hardware with
integrated software & systems is the fastest-growing product type in the livestock
monitoring market.
Q 2) Which software is used in the livestock monitoring
market?
On-cloud and on-premise
are the two types of software used in the livestock monitoring market.
Market by Technology (Data ana ..
VIEW REPORT1. GLOBAL
LIVESTOCK MONITORING MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE LIVESTOCK MONITORING MARKET
2.2. KEY
INSIGHTS
2.2.1. TRANSFORMATION
OF THE LIVESTOCK INDUSTRY DUE TO ADVANCEMENTS IN ARTIFICIAL INTELLIGENCE
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VALUE
CHAIN ANALYSIS
2.6. KEY
BUYING CRITERIA
2.7. REGULATORY
FRAMEWORK
2.8. VENDOR
SCORECARD
2.9. KEY
MARKET STRATEGIES
2.9.1. MERGERS
& ACQUISITIONS
2.9.2. CONTRACTS
& AGREEMENTS
2.9.3. PRODUCT
LAUNCHES
2.9.4. EXPANSIONS
& DIVESTITURES
2.10. MARKET
DRIVERS
2.10.1. GROWING
DEMAND FOR REAL-TIME MONITORING OF ANIMALS
2.10.2. INCREASING
DEMAND FOR MEAT AND ANIMAL PRODUCTS
2.10.3. INCREASING
PREVALENCE OF ANIMAL DISEASES
2.11. MARKET
CHALLENGES
2.11.1. LOW
ACCEPTANCE AMONG SMALL-SCALE FARMERS
2.12. MARKET
OPPORTUNITIES
2.12.1. LIVESTOCK
MONITORING HELPS IN ANIMAL MANAGEMENT
2.12.2. RISING
POPULARITY OF THE CATTLE SEGMENT
3. GLOBAL
LIVESTOCK MONITORING MARKET OUTLOOK – BY PRODUCT TYPE
3.1. HARDWARE
WITH INTEGRATED SOFTWARE & SYSTEMS
3.1.1. SENSORS
3.1.2. GPS
3.1.3. OTHERS
(RFID, SMART CAMERAS)
3.2. STANDALONE
SOFTWARE
3.2.1. ON-CLOUD
3.2.2. ON-PREMISE
3.3. SERVICES
3.3.1. INTEGRATION
& DEPLOYMENT
3.3.2. MAINTENANCE
& SUPPORT
3.3.3. OTHER
SERVICES
4. GLOBAL
LIVESTOCK MONITORING MARKET OUTLOOK – BY ANIMAL TYPE
4.1. CATTLE
4.2. POULTRY
4.3. SWINE
4.4. EQUINE
4.5. GOATS
& SHEEP
4.6. OTHERS
5. GLOBAL
LIVESTOCK MONITORING MARKET OUTLOOK – BY APPLICATION
5.1. MILK
HARVESTING
5.2. BREEDING
MANAGEMENT
5.3. FEEDING
MANAGEMENT
5.4. ANIMAL
HEALTH MONITORING & COMFORT
5.5. HEAT
STRESS
5.6. BEHAVIOR
MONITORING
5.7. OTHER
APPLICATIONS
6. GLOBAL
LIVESTOCK MONITORING MARKET – REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. THE
UNITED STATES
6.1.1.2. CANADA
6.2. EUROPE
6.2.1. COUNTRY
ANALYSIS
6.2.1.1. THE
UNITED KINGDOM
6.2.1.2. GERMANY
6.2.1.3. FRANCE
6.2.1.4. SPAIN
6.2.1.5. ITALY
6.2.1.6. BELGIUM
6.2.1.7. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. COUNTRY
ANALYSIS
6.3.1.1. CHINA
6.3.1.2. JAPAN
6.3.1.3. INDIA
6.3.1.4. SOUTH
KOREA
6.3.1.5. AUSTRALIA
& NEW ZEALAND
6.3.1.6. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.4.1. COUNTRY
ANALYSIS
6.4.1.1. BRAZIL
6.4.1.2. MEXICO
6.4.1.3. ARGENTINA
6.4.1.4. REST
OF LATIN AMERICA
6.5. MIDDLE
EAST AND AFRICA
6.5.1. COUNTRY
ANALYSIS
6.5.1.1. ISRAEL
6.5.1.2. SAUDI
ARABIA
6.5.1.3. TURKEY
6.5.1.4. SOUTH
AFRICA
6.5.1.5. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. AFIMILK
LTD
7.2. ALLFLEX
LIVESTOCK INTELLIGENCE
7.3. BOUMATIC
7.4. CAINTHUS
7.5. CATTLEEYE
LTD
7.6. CONNECTERRA
BV
7.7. COWMANAGER
BV
7.8. DAIRYMASTER
7.9. DELAVAL
7.10. GEA
GROUP AG
7.11. HERDX
INC
7.12. LELY
7.13. NEDAP
NV
7.14. SENSAPHONE
7.15. VALLEY
AGRICULTURE SOFTWARE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL LIVESTOCK
MONITORING MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: VENDOR SCORECARD
TABLE 4: PRODUCTS USED IN
LIVESTOCK MONITORING
TABLE 5: MEAT PRODUCTION IN
THE EUROPEAN REGION (IN MILLION TONS)
TABLE 6: GLOBAL LIVESTOCK
MONITORING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 7: GLOBAL LIVESTOCK
MONITORING MARKET, BY HARDWARE WITH INTEGRATED SOFTWARE & SYSTEMS,
2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL LIVESTOCK
MONITORING MARKET, BY STANDALONE SOFTWARE, 2022-2028 (IN $ MILLION)
TABLE 9: GLOBAL LIVESTOCK
MONITORING MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
TABLE 10: GLOBAL LIVESTOCK
MONITORING MARKET, BY ANIMAL TYPE, 2022-2028 (IN $ MILLION)
TABLE 11: GLOBAL LIVESTOCK
MONITORING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 12: GLOBAL LIVESTOCK
MONITORING MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
LIVESTOCK MONITORING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE LIVESTOCK
MONITORING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC
LIVESTOCK MONITORING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 16: LATIN AMERICA
LIVESTOCK MONITORING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 17: MIDDLE EAST AND
AFRICA LIVESTOCK MONITORING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: VALUE CHAIN ANALYSIS
FIGURE
3: KEY BUYING CRITERIA
FIGURE
4: GLOBAL LIVESTOCK MONITORING MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE
5: GLOBAL LIVESTOCK MONITORING MARKET, BY HARDWARE WITH INTEGRATED SOFTWARE
& SYSTEMS, 2022-2028 (IN $ MILLION)
FIGURE
6: GLOBAL LIVESTOCK MONITORING MARKET, BY HARDWARE WITH INTEGRATED SOFTWARE
& SYSTEMS, 2021 & 2028 (IN %)
FIGURE
7: GLOBAL LIVESTOCK MONITORING MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)
FIGURE
8: GLOBAL LIVESTOCK MONITORING MARKET, BY GPS, 2022-2028 (IN $ MILLION)
FIGURE
9: GLOBAL LIVESTOCK MONITORING MARKET, BY OTHERS (RFID, SMART CAMERAS),
2022-2028 (IN $ MILLION)
FIGURE
10: GLOBAL LIVESTOCK MONITORING MARKET, BY STANDALONE SOFTWARE, 2022-2028 (IN $
MILLION)
FIGURE
11: GLOBAL LIVESTOCK MONITORING MARKET, BY STANDALONE SOFTWARE, 2021 & 2028
(IN %)
FIGURE
12: GLOBAL LIVESTOCK MONITORING MARKET, BY ON-CLOUD, 2022-2028 (IN $ MILLION)
FIGURE
13: GLOBAL LIVESTOCK MONITORING MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)
FIGURE
14: GLOBAL LIVESTOCK MONITORING MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE
15: GLOBAL LIVESTOCK MONITORING MARKET, BY SERVICES, 2021 & 2028 (IN %)
FIGURE
16: GLOBAL LIVESTOCK MONITORING MARKET, BY INTEGRATION & DEPLOYMENT,
2022-2028 (IN $ MILLION)
FIGURE
17: GLOBAL LIVESTOCK MONITORING MARKET, BY MAINTENANCE & SUPPORT, 2022-2028
(IN $ MILLION)
FIGURE
18: GLOBAL LIVESTOCK MONITORING MARKET, BY OTHER SERVICES, 2022-2028 (IN $ MILLION)
FIGURE
19: GLOBAL LIVESTOCK MONITORING MARKET, BY ANIMAL TYPE, 2021 & 2028 (IN %)
FIGURE
20: GLOBAL LIVESTOCK MONITORING MARKET, BY CATTLE, 2022-2028 (IN $ MILLION)
FIGURE
21: GLOBAL LIVESTOCK MONITORING MARKET, BY POULTRY, 2022-2028 (IN $ MILLION)
FIGURE
22: GLOBAL LIVESTOCK MONITORING MARKET, BY SWINE, 2022-2028 (IN $ MILLION)
FIGURE
23: GLOBAL LIVESTOCK MONITORING MARKET, BY EQUINE, 2022-2028 (IN $ MILLION)
FIGURE
24: GLOBAL LIVESTOCK MONITORING MARKET, BY GOATS & SHEEP, 2022-2028 (IN $
MILLION)
FIGURE
25: GLOBAL LIVESTOCK MONITORING MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE
26: GLOBAL LIVESTOCK MONITORING MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE
27: GLOBAL LIVESTOCK MONITORING MARKET, BY MILK HARVESTING, 2022-2028 (IN $
MILLION)
FIGURE
28: GLOBAL LIVESTOCK MONITORING MARKET, BY BREEDING MANAGEMENT, 2022-2028 (IN $
MILLION)
FIGURE
29: GLOBAL LIVESTOCK MONITORING MARKET, BY FEEDING MANAGEMENT, 2022-2028 (IN $
MILLION)
FIGURE
30: GLOBAL LIVESTOCK MONITORING MARKET, BY ANIMAL HEALTH MONITORING &
COMFORT, 2022-2028 (IN $ MILLION)
FIGURE
31: GLOBAL LIVESTOCK MONITORING MARKET, BY HEAT STRESS, 2022-2028 (IN $
MILLION)
FIGURE
32: GLOBAL LIVESTOCK MONITORING MARKET, BY BEHAVIOUR MONITORING, 2022-2028 (IN
$ MILLION)
FIGURE
33: GLOBAL LIVESTOCK MONITORING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE
34: GLOBAL LIVESTOCK MONITORING MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN
%)
FIGURE
35: THE UNITED STATES LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
36: CANADA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
37: THE UNITED KINGDOM LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
38: GERMANY LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
39: FRANCE LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
40: SPAIN LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
41: ITALY LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
42: BELGIUM LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
43: REST OF EUROPE LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
44: CHINA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
45: JAPAN LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
46: INDIA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
47: SOUTH KOREA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
48: AUSTRALIA & NEW ZEALAND LIVESTOCK MONITORING MARKET 2022-2028 (IN $
MILLION)
FIGURE
49: REST OF ASIA-PACIFIC LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
50: BRAZIL LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
51: MEXICO LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
52: ARGENTINA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
53: REST OF LATIN AMERICA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
54: ISRAEL LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
55: SAUDI ARABIA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
56: TURKEY LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
57: SOUTH AFRICA LIVESTOCK MONITORING MARKET 2022-2028 (IN $ MILLION)
FIGURE
58: REST OF MIDDLE EAST & AFRICA LIVESTOCK MONITORING MARKET 2022-2028 (IN
$ MILLION)