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Livestock Monitoring Market

Livestock Monitoring Market Size, Share & Segment By Component (Hardware, Software, Services), By Type (Cattle, Goats, Equine, Poultry, Swine, Others), By Application (Milk Harvesting Management, Feeding Management, Sorting And Weighing Management, Animal Health Monitoring & Comfort, Heat Detection Monitoring, Heat Stress Management, Breeding Management, Behavior Monitoring), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/1563 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Livestock Monitoring Market Size was valued at USD 4.52 billion in 2021 and is expected to reach USD 14.33 billion by 2028, and grow at a CAGR of 17.93% over the forecast period 2022-2028.

Livestock monitoring involves the use of technology to improve profitability and efficiency of livestock. Local tracking sensors provide location data and the physical condition of the animals instead of relying solely on farmers' sensors. Computer sensors help farmers track the overall well-being of animals such as reproduction, diet, and hygiene. The software ensures animal safety by assisting farmers. The growth of hardware applications equipped with cloud-based services encourages market growth.

Livestock Monitoring Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS:

  • Real-time monitoring is becoming more apparent.

  • disease detection at an early stage.

RESTRAINTS: 

  • high cost for livestock monitoring.

  • Huge investments include.

OPPORTUNITIES: 

  • Rise in number of applications.

  • Rise in herd size of livestock farms

CHALLENGES: 

  • Concerns about global warming and other environmental issues.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. 

COVID-19 has led to a major global health crisis and several accidents. The disruption of the supply chain has been caused by the closure of facilities in a few districts. Major manufacturers of livestock monitoring solutions have been slightly affected in the first two parts of 2020 due to the outbreak of the COVID-19 epidemic. Due to the closure of areas in many districts, inequality of demand and service delivery was confirmed, as companies were not fully productive. The supply chain disruption caused by the epidemic has had a small effect on the supply of hardware components. The market has seen a decline in exports in the first three quarters of 2020. However, the market has seen momentum in the last half of 2020 due to easing of closures. In addition, the need for remote monitoring of livestock, shortage of farm workers and rising labor costs are expected to further the growth of the livestock monitoring market. The market has seen steady growth in 2021 and is expected to see strong growth from 2022.

By Component, The use of hardware is expected to improve agricultural production and reduce the challenges farmers face, thereby increasing productivity. Hardware technology is harmless to animals and the environment, which attracts a number of livestock farmers. The hardware component is also divided into sensors, GPS, and other tools. Part of the software is expected to register a rapid growth during the forecast period. The software component contains a collection of numerous livestock monitoring applications, which are integrated. These applications have user-related links and functions and features. Many companies install software to facilitate the collection of livestock data.

By Application, the food management sector holds the largest share of revenue of more than 25%. The need for continuous supply of water and food as well as sanitation is growing. Proper feeding and handling of manure is important not only for animal health, comfort, and well-being, but also for reducing disease, illness and pests. The above factors also contribute to partial growth. The dairy harvest portion is expected to register the fastest CAGR over the forecast period. At a dairy farm, hand milking is time consuming and slow. Therefore, through automatic milking, IoT has addressed this issue more effectively, reducing costs and labor demand. It is more likely to spoil the milk during adverse temperatures, but automatic milk storage automatically saves milk through various smart cooling tanks.

COMPETITIVE LANDSCAPE:

The Key market players in the Livestock Monitoring Market are GEA Group Aktiengesellschaft, Dairymaster, Afimilk Ltd, Sensaphone, DeLaval, Intervet Inc, Fancom BV, Antelliq, BouMatic, Lely, Fullwood Packo and other.

MARKET SEGMENTATION:

BY COMPONENT

  • Hardware

  • Software

  • Services

BY TYPE

  • Cattle

  • Goats

  • Equine

  • Poultry

  • swine

  • Others

BY APPLICATION

  • Milk Harvesting Management

  • Feeding Management

  • Sorting and Weighing Management

  • Animal Health Monitoring & Comfort

  • Heat Detection Monitoring

  • Heat Stress Management

  • Breeding Management

  • Behavior Monitoring

Livestock Monitoring Market Segment Pie Chart

REGIONAL ANALYSIS:

North America holds a larger revenue share of more than 35% due to continuous technological advances, accompanied by an increase in internet penetration in these regions. The proliferation of zoonotic diseases has increased the need for technology to monitor sick animals, which is expected to drive the North American market. According to the Food and Agriculture Organization of the United Nations (UNFAO), the US is the largest poultry producer in the world. Asia Pacific is expected to see significant gains during the forecast period 2022-2028. Increased incomes, changing food patterns, population growth, and rapid urbanization in the Asia Pacific region have led to an increase in food consumption from animal sources. Moreover, since the 1900s, the region has been profiting from livestock production worldwide and is expected to continue to grow during the forecast period.

 

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Livestock Monitoring Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.52 Billion
Market Size by 2028 US$ 14.33 Billion
CAGR CAGR of 17.93% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Hardware, Software, Services)
• By Type (Cattle, Goats, Equine, Poultry, Swine, Others)
• By Application (Milk Harvesting Management, Feeding Management, Sorting And Weighing Management, Animal Health Monitoring & Comfort, Heat Detection Monitoring, Heat Stress Management, Breeding Management, Behavior Monitoring)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles GEA Group Aktiengesellschaft, Dairymaster, Afimilk Ltd, Sensaphone, DeLaval, Intervet Inc, Fancom BV, Antelliq, BouMatic, Lely, Fullwood Packo and other.
Key Drivers • Real-time monitoring is becoming more apparent.
• disease detection at an early stage.
Restraints • high cost for livestock monitoring.
• Huge investments include.


Frequently Asked Questions (FAQ) :

The Livestock Monitoring Market size was valued at 4.5 billion in 2021 at a CAGR of 17.9%.

The Key market players in the Livestock Monitoring Market are GEA Group Aktiengesellschaft, Dairymaster, Afimilk Ltd, Sensaphone, DeLaval, Intervet Inc, Fancom BV, Antelliq, BouMatic, Lely, Fullwood Packo and other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Livestock Monitoring Market Segmentation, by Component

8.1Introduction

8.2 Hardware

8.3 Software

8.4 Services

8.5 Other

 

9. Livestock Monitoring Market Segmentation, by type

9.1 Introduction

9.2 Cattle

9.3 Goats

9.4 Equine

9.5 Poultry

9.6 swine

9.7 Others

 

10. Livestock Monitoring Market Segmentation, By Application

10.1 Introduction

10.2 Milk Harvesting Management

10.3 Feeding Management

10.4 Sorting and Weighing Management

10.5 Animal Health Monitoring & Comfort

10.6 Heat Detection Monitoring

10.7 Heat Stress Management

10.8 Breeding Management

10.9 Behavior Monitoring

10.11 Other

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3        Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4        Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6        Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

 

12. Company Profiles

12.1 Sensaphone

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 GEA Group Aktiengesellschaft

12.3 Dairymaster

12.4 Afimilk Ltd.

12.5 DeLaval

12.6 Intervet Inc

12.7 Fancom BV

12.8 Antelliq

12.9 BouMatic

12.10 Lely

12.11 Fullwood Packo

12.12 Other

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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