Global Animal/Livestock Tracking & Monitoring Market Size, Share, Growth Analysis, By Component(Hardware ), By Animal Type, By Application, By End-User

Description

Global Animal/Livestock Tracking & Monitoring Market size was valued at USD 5.6 billion in 2022 and is poised to grow from USD 6.56 billion in 2023 to USD 23.36 billion by 2031, growing at a CAGR of 17.2% during the forecast period (2024-2031).

The growing world population is driving up demand for dairy and meat products. Furthermore, in an attempt to increase productivity and efficiency, ranchers and farmers are utilizing tracking and monitoring devices for animals and cattle. Real-time data and insights from these devices help farmers and ranchers identify and manage behavioral and health problems. It is anticipated that growing research and technology, along with quick innovation, will have a favorable impact on market expansion. The development of technologies in industrialized economies has made it possible to monitor livestock in real-time. Thanks to sensors, farmers can now keep an eye on their blood pressure, temperature, heart rate, and other physiological parameters. Furthermore, the farmers can locate and follow the grazing herd thanks to GPS-enabled equipment. Additionally, the IoT sensors optimize grazing patterns and keep track of sick animals in the herd.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Animal/Livestock Tracking & Monitoring Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Animal/Livestock Tracking & Monitoring Market Segmental Analysis

The component, animal type, application, end user, and region segments the Global Animal/Livestock Tracking & Monitoring Market. The market is divided into three segments based on components: software (on cloud, on premises), hardware (sensors, GPS), and services (integration & deployment, maintenance & support). The market is divided into segments based on the type of animal: cattle, poultry, pigs, horses, and others. The market is divided into the following segments based on application: milk harvesting, heat stress, animal health monitoring & comfort, breeding management, feeding management, behavior monitoring, and other. The market is divided into Dairy Farm, Beef Farm, Sheep Farm, Deer Farm, Goat, and Pig Farm segments based on the end user. The North American, European, Asia-Pacific, South American, and MEA regions make up the regional segments of the global animal/livestock tracking and monitoring market.

Drivers of the Global Animal/Livestock Tracking & Monitoring Market

The world's population is growing, and so is the demand for dairy and meat products. In an attempt to increase their efficiency and productivity, farmers and ranchers are utilizing animal/livestock tracking and monitoring systems.

Restraints in the Global Animal/Livestock Tracking & Monitoring Market

The high cost of tracking and monitoring systems for animals and livestock is now impeding the expansion of the market. Furthermore, the setup and maintenance expenses for livestock monitoring systems, such as herd management software and sensing and monitoring hardware, are highly high. In addition, farmers must invest heavily in distribution trucks, robotic equipment, GPS or RFID systems, control and automation technology, and high facility and maintenance costs. All of these items are costly for small farms. As a result, the high cost of livestock and animal tracking and monitoring solutions restricts the market's growth.

Market Trends of the Global Animal/Livestock Tracking & Monitoring Market

The need for effective livestock management is rising as a result of the increased pressure on farmers to raise more livestock while lowering costs and protecting the health of their animals. Technologies for tracking and monitoring cattle and animals can help farmers achieve these objectives by providing real-time data on ethology, health, and productivity.

Product Code: SQMIG35G2211

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Animal/Livestock Tracking & Monitoring Market by Component

Market Overview
Hardware (Sensors
GPS)
Software (On Cloud
On Premise)
Services (Integration & Deployment
Maintenance & Support)

Global Animal/Livestock Tracking & Monitoring Market by Animal Type

Market Overview
Cattle
Poultry
Swine
Equine
and Others

Global Animal/Livestock Tracking & Monitoring Market by Application

Market Overview
Milk Harvesting
Breeding Management
Feeding Management
Animal Health Monitoring & Comfort
Heat Stress
Behaviour Monitoring
and Others

Global Animal/Livestock Tracking & Monitoring Market by End-User

Market Overview
Dairy Farm
Beef Farm
Sheep Farm
Deer Farm
Goat and Pig Farm.

Global Animal/Livestock Tracking & Monitoring Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Boumatic
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Allflex Livestock Intelligence (Subsidiary of MSD Animal Health)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nedap N.V.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Delaval
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cowmanager B.V.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Afimilk Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Herdinsights (Subsidiary of Datamars)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Engs Systems
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Smaxtec Animal Care GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zoetis
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sum-It Computer Systems
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dairymaster
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cainthus
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Serket
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vas
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fullwood Packo
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Gallagher Group Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Moocall
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Stellapps Technologies
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Connecterra B.V.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hokofarm Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Icerobotics
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Faromatics
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cowlar
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sensaphone
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Animal/Livestock Tracking & Monitoring Market Size, Share, Growth Analysis, By Component(Hardware ), By Animal Type, By Application, By End-User - Industry Forecast 2024-2031