Livestock Monitoring Market Size, Share, Opportunities, And Trends By Product (Hardware (Smart tags, Sensors, Cameras, GPS, Others), Software (On-premise, Cloud-based)), By Animal Types (Cattles, Poultry, Swine, Others), And By Geography - Forecasts From 2023 To 2028

The livestock monitoring market is anticipated to show steady growth during the forecast period.

Livestock Monitoring Market Overview:

Livestock management, also known as livestock monitoring or precision livestock farming, analyses and monitors the health of livestock, most commonly cattle, using IoT-enabled sensors. Due to the growing livestock industry, keeping track of farm animals and other livestock is critical. According to the Food and Agriculture Organisation (FAO), livestock accounts for 40% of worldwide agricultural output and provides livelihoods, food, and nutrition security for about 1.3 billion people. Simultaneously, there is a significant opportunity to enhance livestock management to be more sustainable and equitable and pose less risk to animal and human health.

Livestock Monitoring Market Drivers:

• The increasing number of livestock

The global demand for and production of cattle products is continuously expanding. Increasing incomes, changing cuisines, and population expansion have increased demand for livestock, making it one of the fastest expanding agricultural sub-sectors in middle- and low-income countries. For instance, England's overall number of sheep and lambs increased by 2.0% in 2022, reaching 14.9 million. The female breeding flock grew by 2.9% to 7.1 million, while lambs grew by 1.5% to 7.5 million (Source: gov.uk). This represents a significant opportunity for livestock management across the entire supply chain.

• Health monitoring in livestock

Health dangers are on the rise. Changes in climate, land use, unsustainable farming practices, globalization, and the wildlife trade all present various chances for viruses to develop into novel forms, increasing the frequency and intensity of spillover events from animals to people. Africa is experiencing an increased risk of zoonotic pathogen outbreaks, such as the monkeypox virus, which originated in animals before switching species and infecting humans. According to the World Health Organization (WHO), the number of zoonotic outbreaks in the region increased by 63% between 2012 and 2022 (Source: afro.who.int). As a result, the demand for livestock monitoring solutions has risen in recent years, allowing farmers to track and monitor animal health and respond to disease outbreaks in real-time. 

• Software segment to develop the quickest among others

The software segment is expected to grow fastest during the forecast period. The software component consists of a set of software packages that can be used to monitor cattle. The user interfaces, features, and functions of these programs are connected. Several industries employ software to make gathering cattle data easier. For instance, the e-Gopala app, which the Indian government introduced in September 2020, is an online digital media that would assist farmers in selecting higher-quality cattle and gaining independence from middlemen. This software provides all information about cow care, from production to health and diet. Cattle owners will find it easier to buy and sell animals due to this.

Livestock Monitoring Market Restraints:

Livestock production has a large environmental impact and has the potential to harm the ecosystem. The environment is anticipated to suffer further pressure as demand for livestock products rises. The livestock sector currently emits an estimated 7.1 GT of CO2-equivalent per year, accounting for 14.5% of human-induced greenhouse gas (GHG) emissions (Source: worldbank.org). Improving the efficiency of animal supply chains is critical to minimizing future GHG emissions growth. Growing environmental concerns are predicted to hinder the farming of some species in various places around the world in the future. As a result, market growth is projected to be hampered in the future.

Livestock Monitoring Market Key Developments:

• October 2022: Merck Animal Health has released the Allflex DataFlow II System mobile app as part of their livestock intelligence digital product line. Furthermore, the company disclosed many recent technological advancements as part of its continued endeavour to assist dairy producers in better and more efficient cow management. The new Allflex DataFlow II System app allows users to examine data on their phones in real-time, eliminating the need to return to the farm office to retrieve data on a computer.
• February 2022: Semtech Corporation, a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, announced a partnership with Smart Paddock, an Australian company that provides smart tags for the livestock industry that give producers real-time data. The collaboration includes integrating Semtech's LoRa devices and the LoRaWAN standard into Smart Paddock's "Bluebell" smart global positioning system (GPS) ear tag to monitor livestock location in real-time. It analyzes behavioural data from cattle to solve real-world livestock management issues.
• January 2022: At NCBA, Zoetis unveiled a broader precision animal health portfolio, including Performance Ranch, new cow-calf management software, and BLOCKYARD, breakthrough blockchain technology. Precision animal health technology combines data insights to help cattle producers make more educated, early decisions to keep their animals healthy and productive. The latest Zoetis solutions, Performance RanchTM and BLOCKYARD give cattle ranchers the knowledge they need at their fingertips, accessible from any digital device.

Livestock Monitoring Market Scope:

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Products, Animal Types, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	DeLaval, GEA Group, Afimilk Ltd., Sensaphone, BouMatic LLC, Nedap, Fullwood Packo Ltd., Fancom BV
Customization Scope	Free report customization with purchase

 

Livestock Monitoring Market Segmentation:

• By Products
  • Hardware
    • Smart tags
    • Sensors
    • Cameras
    • GPS
    • Others
  • Software
    • on-premise
    • Cloud-based
• By Animal Types
  • Cattles
  • Poultry
  • Swine
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Isreal
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. LIVESTOCK MONITORING MARKET, BY PRODUCTS

5.1. Introduction

5.2. Hardware

5.2.1. Smart tags

5.2.2. Sensors

5.2.3. Cameras 

5.2.4. GPS

5.2.5. Others

5.3. Softwares

5.3.1. on-premise

5.3.2. Cloud-based

6. LIVESTOCK MONITORING MARKET, BY ANIMAL TYPES

6.1. Introduction

6.2. Cattles

6.3. Poultry

6.4. Swine

6.5. Others

7. LIVESTOCK MONITORING MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Others

7.5. Middle East and Africa (MEA)

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Isreal

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Taiwan 

7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1.  DeLaval

9.2. GEA Group 

9.3.  Afimilk Ltd.

9.4. Sensaphone

9.5. BouMatic LLC

9.6. Nedap

9.7. Fullwood Packo Ltd.

9.8. Fancom BV

DeLaval

GEA Group

 Afimilk Ltd.

Sensaphone

BouMatic LLC

Nedap

Fullwood Packo Ltd.

Fancom BV