Global Animal Tracking Market - 2023-2030

Market Overview

The global animal tracking market reached US$ 2.1 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 4.9 billion by 2030. The global animal tracking market is expected to exhibit a CAGR of 11.5% during the forecast period (2023-2030). Animal tracking devices have the ability to often monitor health remotely, early mastitis detection, simple animal identification, and others.

Market Dynamics

Livestock Monitoring Is Boosting The Global Animal Tracking Market Growth During The Forecast Period

Livestock monitoring is an essential part of livestock management since it enables farmers to monitor the condition, behavior, and location of their animals. Livestock monitoring enables farmers to immediately identify possible problems and take the necessary steps to prevent or reduce them. To stop the spread of disease, a farmer might separate a cow if it exhibits symptoms of illness from the rest of the herd.

Additionally, monitoring livestock enables farmers to streamline their production procedures, cutting waste and maximizing resource usage. Farmers can detect which animals are not eating enough by keeping an eye on their conduct and overall health. They can then change the times they feed such animals. This can lower the amount of feed required, saving money and lessening the negative effects of livestock production on the environment.

For instance, The smaXtec Messenger sends notifications with suggested actions along with rich information about their health. Both a web-based platform and the smaXtec app make all of this information accessible and available at all times.

Technological Advances In Animal Tracking Provide The Global Animal Tracking Market Growth Opportunities

For managing and conserving species under future land use and climate conditions, cutting-edge animal monitoring systems that combine them with our growing demand for ecological data will be essential. New paradigms for gathering, storing, and transmitting information on animal movements and their habitats are required, in addition to optimizing the size of telemetry systems for usage on small or sensitive species.

In order to meet these needs, as of March 2022, the USGS and NASA are working together on the Next Generation Wildlife Tracking project. The project is creating low-cost, modular hardware based on the most recent microelectronics technology and unique software that will be applicable to a wide range of species while enabling scientists to customize tag implementations to their specific requirements.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the Animal Tracking market. When monitoring animals, it is frequently necessary for researchers to be present in the field to gather information or retrieve tracking equipment. Researchers encountered difficulties collecting data due to limited access to study sites, which resulted in gaps in data tracking and smaller sample sizes for analysis.

The precision and dependability of study findings may be impacted by these constraints. Supply chain problems and manufacturing difficulties during the pandemic may have hindered the development and production of tracking devices and related technologies. As of 2023, the COVID-19 situation is recovering and all researchres can accsess the all sites for their studies which drive the animal tracking market worldwide.

Russia-Ukraine Conflict Analysis

The impact of the Russia-Ukraine war on the animal tracking market is complex and multifaceted. The Russian suspension from the Society for Worldwide Interbank Financial Telecommunications interbank system has limited international assistance for migratory species conservation projects in Russia, which have halted ongoing on-the-ground efforts for many threatened species that breed in Russia's Far East and migrate to Southeast and South Asia.

Segment Analysis

The global animal tracking market is segmented based on product, deployment, animal type, and region.

The GPS Tags Are Expected To Hold A Dominant Position In The Market Over The Forecast Period.

The GPS tags segment accounted for the highest market stake accounting for approximately 1/2nd of the animal tracking market in 2022. With the help of a GPS system position of a monitored animal can be saved to assess the habitat and living conditions. If the animal has not moved for more than four hours, radio signals can be sent more quickly if the mortality-sensing equipment has a VHF link.

In addition, GPS provides data on temperature. For instance, a temperature-sensing device can be used to measure an animal's body temperature. The purpose of a comparator is to always produce less or more energy depending on whether the temperature is above or below the edge degree. The microcontroller can read coordinates from a GPS tracking device, among other functions.

Geographical Analysis

Advancements In Animal Tracking Dominate The North American Region.

North America is expected to dominate the animal tracking market, accounting for around 36.4% of this market. Numerous species in North America travel across great distances via various habitats in amazing migrations. These migratory paths, rest stops, and breeding grounds are monitored through tracking studies. Scientists can identify possible dangers and put conservation measures in place to protect these vital movements by researching migration patterns.

Competitive Landscape

The major global players in the market include: Telonics, Inc., Telemetry Solutions, Inc., MiniFinder Sweden AB, Ecotone Telemetry, Whistle, Hidrolab Ltd, Cellular Tracking Technologies LLC, Advanced Telemetry Systems, Inc., Animal Trackem, and Digital Animal among others.

Why Purchase the Report?

• To visualize the global animal tracking market segmentation based on the product, deployment, animal type, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of animal tracking market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global animal tracking market report would provide approximately 61 tables, 59 figures, and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies