Livestock Monitoring Market Size, Trends and Insights By Animal Type (Cattle, Poultry, Equine, Swine, Others), By Components (Hardware, Software, Service), By Application (Milk Harvesting, Feeding Management, Breeding Management, Animal Health Monitoring & Comfort, Behaviour Monitoring, Heat Stress, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI29936

Published Date: September 2023

Pages: 220+

Category: Healthcare

Report Snapshot

CAGR: 8.4%
2.1B
2022
2.4B
2023
5.8B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • DeLaval Inc.
  • GEA Group AG
  • Afimilk Ltd.
  • BouMatic LLC
  • Allflex Group
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Livestock Monitoring Market is expected to record a CAGR of 8.4% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2.1 billion. By 2032, the valuation is anticipated to reach USD 5.8 billion.

Per Capita Consumption of Poultry and Livestock, 2020 to Forecast 2024, in Pounds

Year Beef Pork Broilers Other Chicken Turkey
2020 58.1 51.7 95.8 1.4 15.7
2021 58.9 51.1 96.5 1.5 15.3
2022 59.1 51.1 98.9 1.7 14.6
2023 estimate 57.4 50 100.1 1.7 15
2024 forecast 52.9 49.9 101.2 1.6 15.7
Source: According to the National Chicken Council

The Livestock Monitoring Market encompasses the technological solutions and systems used to monitor and manage the health, behaviour, and well-being of livestock animals in agricultural operations. These solutions range from IoT sensors to data analytics platforms, facilitating real-time insights into animal conditions.

The market is characterized by dynamic innovation, with tech integration transforming traditional farming practices. It focuses on optimizing livestock care, disease prevention, and resource allocation to enhance productivity and animal welfare.

Current trends include AI-driven predictive analytics, remote monitoring due to the pandemic, sustainability-oriented practices, and blockchain adoption for transparency across the supply chain. These trends are reshaping the market landscape, fostering efficient, data-driven livestock management practices.

Livestock Monitoring Market – Significant Growth Factors

The Livestock Monitoring Market presents significant growth opportunities due to several factors:

  • Increasing Demand for Efficiency: Growing global demand for meat, dairy, and other livestock products is driving the need for efficient management practices. Livestock monitoring offers real-time insights into animal health, behaviour, and environmental conditions, enhancing overall productivity.
  • Technological Advancements: Integration of IoT, sensors, AI, and data analytics allows for precise monitoring of livestock. This technology-driven approach improves disease detection, feeding practices, and reproduction processes, leading to better outcomes for farmers.
  • Focus on Animal Welfare: Consumer preferences for ethically produced products drive the adoption of livestock monitoring systems. These technologies ensure optimal living conditions, early disease detection, and personalized care, aligning with enhanced animal welfare standards.
  • Data-Driven Decision Making: Livestock monitoring generates extensive data. Analysing this data aids in predictive analytics, enabling farmers to make informed decisions about health, nutrition, and breeding strategies, ultimately improving operational efficiency.
  • Precision Livestock Farming: The advancement of precision farming techniques presents an opportunity to optimize livestock management further. Customized care, resource efficiency, and targeted interventions can be achieved through real-time monitoring and analytics.
  • Global Food Security Concerns: With increasing population and environmental challenges, there’s a heightened focus on sustainable food production. Livestock monitoring contributes to disease prevention, efficient resource utilization, and improved animal health, addressing global food security concerns and driving market growth.

Livestock Monitoring Market – Mergers and Acquisitions

The Livestock Monitoring Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Livestock Monitoring Market include:

  • Cainthus was acquired by Ever. Ag.: In 2022, Cainthus was acquired by Ever.Ag. Terms of the transaction were not disclosed. Cainthus is an Irish startup focused on using computer vision and predictive imaging analysis to monitor the health and well-being of livestock.
  • Antelliq’s Allflex partners with Nestlé farms: In 2018, Antelliq’s Allflex partnered with Nestlé farms to monitor dairy cows’ wellbeing. This collaboration aims to provide Nestle with full visibility into the well-being of individual cows and the herb.
  • DeLaval Group and iDDEN: In 2023, DeLaval, one of the world’s leading manufacturers of milking equipment, and its affiliates UNIFORM-Agri, an internationally specialized provider of herd management software, and Dairy Data Warehouse, the world’s largest dairy data company, have signed a strategic partnership agreement with iDDEN.
  • Merck to Acquire Parent Company of Allflex, SCR: In 2018, The owners of Allflex ear tags and SCR dairy monitoring technology were acquired by Merck. The acquisition of the Antelliq Group, formerly known as the Allflex Group. Antelliq is a leader in the digital animal identification, traceability and monitoring solutions category with brands like Allflex and SCR.
  • Merck Animal Health Completes Acquisition of Quantified Ag®: In 2022, Merck Animal Health, known as MSD Animal Health outside the United States and Canada, a division of Merck & Co., Inc., Kenilworth, N.J., USA, announced the completion of its acquisition of Quantified Ag®, a leading data and analytics company that monitors cattle body temperature and movement in order to detect illness early.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Livestock Monitoring Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Livestock Monitoring Market Digital Health Market Non-Invasive Blood Glucose Monitoring Devices Market
CAGR 8.4% (Approx) CAGR 17.5% (Approx) CAGR 23% (Approx)
USD 5.8 Billion by 2032 USD 810.12 Billion by 2030 USD 169.33 Million by 2032

Livestock Monitoring Market – Significant Threats

The Livestock Monitoring Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Data Security and Privacy Concerns: The collection and analysis of sensitive data from livestock farms raise concerns about data security and privacy breaches. Unauthorized access or data leaks could compromise farmers’ operations, and animal health information, and potentially lead to legal and ethical issues.
  • High Initial Investment: Implementing livestock monitoring systems involves substantial upfront costs, including hardware, software, and training expenses. For smaller-scale farmers or operations with limited budgets, this financial barrier can deter adoption, hindering market growth.
  • Technological Complexity and Adoption Challenges: Integrating and maintaining sophisticated monitoring technologies may be challenging for farmers with limited technical expertise. The learning curve and operational disruptions during the transition phase could slow down adoption rates.
  • Market Fragmentation and Lack of Standardization: The Livestock Monitoring Market features a variety of solutions from different vendors, leading to market fragmentation and lack of interoperability. This can confuse potential buyers and hinder the seamless integration of different technologies, potentially limiting the market’s overall expansion.
  • Resistance to Change: Traditional farming practices are deeply ingrained in some regions and among certain generations of farmers. Resistance to adopt new technologies and shift from conventional methods to data-driven approaches can impede the widespread adoption of livestock monitoring systems, limiting market growth and innovation.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 2.4 Billion
Projected Market Size in 2032 USD 5.8 Billion
Market Size in 2022 USD 2.1 Billion
CAGR Growth Rate 8.4% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Animal Type, Components, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Animal Type:

  • Cattle: Cattle monitoring involves tracking health, behaviour, and reproduction. Trends include RFID tagging for individual identification, AI-driven disease detection, and smart feeding systems for optimized growth.
  • Poultry: Poultry monitoring focuses on flock health, environmental conditions, and egg production. Trends encompass IoT-enabled coop monitoring, real-time data analytics, and automated egg collection.
  • Equine: Equine monitoring monitors horse health, movement, and training. Trends include wearable sensors for tracking vital signs, GPS-based activity monitoring, and mobile apps for remote health management.
  • Swine: Swine monitoring ensures pig health, feeding efficiency, and reproduction. Trends encompass RFID ear tags, temperature and humidity sensors in barns, and AI-assisted disease prediction.
  • Others: Other livestock monitoring spans goats, sheep, and more. Trends involve precision management using IoT devices, remote monitoring systems, and blockchain for traceability.

Global Livestock Monitoring Market 2023–2032 (By Billion)

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By Component

  • Hardware: In the Livestock Monitoring Market, hardware refers to physical devices like sensors, RFID tags, and cameras that capture data from animals and their environment. Hardware innovations focus on improved accuracy and durability, facilitating real-time health tracking and behaviour analysis.
  • Software: Software involves applications that process data collected by hardware, providing insights into livestock health and behaviour. Trends include AI-driven analytics for predictive disease detection and cloud-based platforms for remote monitoring, enhancing data accessibility and decision-making.
  • Service: Services encompass installation, maintenance, and support for monitoring systems. Trends reflect a shift towards comprehensive solutions, offering training, data analysis, and customized recommendations to maximize the benefits of livestock monitoring technology.

By Application

  • Milk Harvesting: Automating milk collection from livestock, optimizing yield and efficiency. Trend: Integrating sensors for real-time milk quality assessment, enhancing dairy production and meeting consumer demands.
  • Feeding Management: Monitoring and controlling animal nutrition for optimal growth and resource efficiency. Trend: AI-driven systems for precise feed allocation, reducing wastage and improving sustainability practices.
  • Breeding Management: Monitoring animal reproduction cycles, enhancing breeding success and genetic diversity. Trend: AI-enabled heat detection, improving genetic selection and reproduction outcomes through data-driven insights.
  • Animal Health Monitoring & Comfort: Real-time health tracking, ensuring animal well-being and disease prevention. Trend: Wearable devices and AI diagnostics, enabling early disease detection and proactive care for healthier livestock.
  • Behaviour Monitoring: Analysing animal behaviour for insights into health, welfare, and stress levels. Trend: Machine learning algorithms for behaviour pattern recognition, enhancing predictive analysis and management decisions.
  • Heat Stress: Detecting and mitigating heat-related stress in livestock to prevent health issues. Trend: Advanced climate control systems and IoT sensors, reducing heat-induced health risks and optimizing productivity.
  • Others: Additional applications encompassing environmental monitoring, biosecurity, and traceability. Trend: Integration of blockchain for supply chain transparency and traceability, enhancing market credibility and meeting consumer expectations.

Global Livestock Monitoring Market 2023–2032 (By Components)

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Livestock Monitoring Market – Regional Analysis

The Livestock Monitoring Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: The Livestock Monitoring Market in North America is marked by a trend towards precision agriculture. The region’s adoption of advanced technologies like IoT, AI, and big data analytics drives real-time insights into animal health and management. Additionally, there’s a growing emphasis on sustainable practices, integrating renewable energy solutions to power monitoring systems and reducing environmental impact.
  • Europe: In Europe, the Livestock Monitoring Market is witnessing a strong focus on animal welfare and traceability. Stringent regulations prompt the adoption of monitoring systems for humane treatment and ethical production. Furthermore, blockchain technology is gaining prominence, ensuring transparency across the supply chain and aligning with the region’s values of quality and accountability.
  • Asia-Pacific: The Asia-Pacific Livestock Monitoring Market is experiencing a surge in demand driven by increasing meat consumption. The region’s adoption trend is toward cost-effective solutions that cater to diverse livestock farming scales. IoT and mobile technologies are being harnessed to provide accessible, user-friendly solutions for smallholder farmers, aiding in disease prevention and improving overall productivity.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA’s Livestock Monitoring Market is characterized by a rise in data-driven decision-making. With varied climatic conditions, there’s a growing need for climate-sensitive monitoring systems to mitigate challenges like heat stress. This region is embracing AI and remote sensing technologies for accurate disease detection and livestock health management, aiding sustainable livestock practices.

Global Livestock Monitoring Market 2023–2032 (By Animal Type)

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Competitive Landscape – Livestock Monitoring Market

The Livestock Monitoring Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • DeLaval Inc.
  • GEA Group AG
  • Afimilk Ltd.
  • BouMatic LLC
  • Allflex Group
  • DairyMaster Ltd.
  • Lely Holding S.A.R.L.
  • Cainthus
  • Farmcontrol
  • SCR Dairy
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Emerging players like Connecterra, Vence, and Cainthus are leveraging innovation to enter the Livestock Monitoring Market. Connecterra employs AI and IoT for dairy herd management. Vence introduces virtual fencing solutions, and Cainthus employs computer vision for livestock behavior analysis.

Industry giants such as DeLaval Inc., GEA Group AG, and Afimilk Ltd. dominate the Livestock Monitoring Market. DeLaval’s comprehensive solutions cover milking, cooling, and health management. GEA’s advanced technologies integrate IoT and data analytics. Afimilk’s precision systems cater to dairy management, offering automated data-driven insights. These players’ broad offerings and established market presence reinforce their dominance, catering to diverse livestock management needs.

The Livestock Monitoring Market is segmented as follows:

By Animal Type

  • Cattle
  • Poultry
  • Equine
  • Swine
  • Others

By Components

  • Hardware
  • Software
  • Service

By Application

  • Milk Harvesting
  • Feeding Management
  • Breeding Management
  • Animal Health Monitoring & Comfort
  • Behaviour Monitoring
  • Heat Stress
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Livestock Monitoring Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Livestock Monitoring Market : snapshot
  • Chapter 3. Global Livestock Monitoring Market – Industry Analysis
    • 3.1 Livestock Monitoring Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Demand for Efficiency
      • 3.2.2 Technological Advancements
      • 3.2.3 Focus on Animal Welfare
      • 3.2.4 Data-Driven Decision Making
      • 3.2.5 Precision Livestock Farming
      • 3.2.6 Global Food Security Concerns.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Animal Type
      • 3.7.2 Market attractiveness analysis By Components
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Livestock Monitoring Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Livestock Monitoring Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Livestock Monitoring Market – Animal Type Analysis
    • 5.1 Global Livestock Monitoring Market overview: By Animal Type
      • 5.1.1 Global Livestock Monitoring Market share, By Animal Type, 2022 and 2032
    • 5.2 Cattle
      • 5.2.1 Global Livestock Monitoring Market by Cattle, 2023 – 2032 (USD Billion)
    • 5.3 Poultry
      • 5.3.1 Global Livestock Monitoring Market by Poultry, 2023 – 2032 (USD Billion)
    • 5.4 Equine
      • 5.4.1 Global Livestock Monitoring Market by Equine, 2023 – 2032 (USD Billion)
    • 5.5 Swine
      • 5.5.1 Global Livestock Monitoring Market by Swine, 2023 – 2032 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Livestock Monitoring Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Livestock Monitoring Market – Components Analysis
    • 6.1 Global Livestock Monitoring Market overview: By Components
      • 6.1.1 Global Livestock Monitoring Market share, By Components, 2022 and 2032
    • 6.2 Hardware
      • 6.2.1 Global Livestock Monitoring Market by Hardware, 2023 – 2032 (USD Billion)
    • 6.3 Software
      • 6.3.1 Global Livestock Monitoring Market by Software, 2023 – 2032 (USD Billion)
    • 6.4 Service
      • 6.4.1 Global Livestock Monitoring Market by Service, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Livestock Monitoring Market – Application Analysis
    • 7.1 Global Livestock Monitoring Market overview: By Application
      • 7.1.1 Global Livestock Monitoring Market share, By Application , 2022 and 2032
    • 7.2 Milk Harvesting
      • 7.2.1 Global Livestock Monitoring Market by Milk Harvesting, 2023 – 2032 (USD Billion)
    • 7.3 Feeding Management
      • 7.3.1 Global Livestock Monitoring Market by Feeding Management, 2023 – 2032 (USD Billion)
    • 7.4 Breeding Management
      • 7.4.1 Global Livestock Monitoring Market by Breeding Management, 2023 – 2032 (USD Billion)
    • 7.5 Animal Health Monitoring & Comfort
      • 7.5.1 Global Livestock Monitoring Market by Animal Health Monitoring & Comfort, 2023 – 2032 (USD Billion)
    • 7.6 Behaviour Monitoring
      • 7.6.1 Global Livestock Monitoring Market by Behaviour Monitoring, 2023 – 2032 (USD Billion)
    • 7.7 Heat Stress
      • 7.7.1 Global Livestock Monitoring Market by Heat Stress, 2023 – 2032 (USD Billion)
    • 7.8 Others
      • 7.8.1 Global Livestock Monitoring Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Livestock Monitoring Industry – Regional Analysis
    • 8.1 Global Livestock Monitoring Industry Regional Overview
    • 8.2 Global Livestock Monitoring Industry Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Livestock Monitoring Industry, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Livestock Monitoring Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Livestock Monitoring Industry, by Animal Type, 2023 – 2032
      • 8.4.1 North America Livestock Monitoring Industry, by Animal Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Livestock Monitoring Industry, by Components, 2023 – 2032
      • 8.5.1 North America Livestock Monitoring Industry, by Components, 2023 – 2032 (USD Billion)
    • 8.6 North America Livestock Monitoring Industry, by Application , 2023 – 2032
      • 8.6.1 North America Livestock Monitoring Industry, by Application , 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Livestock Monitoring Industry, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Livestock Monitoring Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Livestock Monitoring Industry, by Animal Type, 2023 – 2032
      • 8.8.1 Europe Livestock Monitoring Industry, by Animal Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Livestock Monitoring Industry, by Components, 2023 – 2032
      • 8.9.1 Europe Livestock Monitoring Industry, by Components, 2023 – 2032 (USD Billion)
    • 8.10 Europe Livestock Monitoring Industry, by Application , 2023 – 2032
      • 8.10.1 Europe Livestock Monitoring Industry, by Application , 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Livestock Monitoring Industry, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Livestock Monitoring Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Livestock Monitoring Industry, by Animal Type, 2023 – 2032
      • 8.12.1 Asia Pacific Livestock Monitoring Industry, by Animal Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Livestock Monitoring Industry, by Components, 2023 – 2032
      • 8.13.1 Asia Pacific Livestock Monitoring Industry, by Components, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Livestock Monitoring Industry, by Application , 2023 – 2032
      • 8.14.1 Asia Pacific Livestock Monitoring Industry, by Application , 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Livestock Monitoring Industry, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Livestock Monitoring Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Livestock Monitoring Industry, by Animal Type, 2023 – 2032
      • 8.16.1 Latin America Livestock Monitoring Industry, by Animal Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Livestock Monitoring Industry, by Components, 2023 – 2032
      • 8.17.1 Latin America Livestock Monitoring Industry, by Components, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Livestock Monitoring Industry, by Application , 2023 – 2032
      • 8.18.1 Latin America Livestock Monitoring Industry, by Application , 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Livestock Monitoring Industry, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Livestock Monitoring Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Livestock Monitoring Industry, by Animal Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Livestock Monitoring Industry, by Animal Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Livestock Monitoring Industry, by Components, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Livestock Monitoring Industry, by Components, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Livestock Monitoring Industry, by Application, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Livestock Monitoring Industry, by Application, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 DeLaval Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 GEA Group AG
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Afimilk Ltd.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 BouMatic LLC
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Allflex Group
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 DairyMaster Ltd.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Lely Holding S.A.R.L.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Cainthus
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Farmcontrol
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 SCR Dairy
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 31

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • DeLaval Inc.
  • GEA Group AG
  • Afimilk Ltd.
  • BouMatic LLC
  • Allflex Group
  • DairyMaster Ltd.
  • Lely Holding S.A.R.L.
  • Cainthus
  • Farmcontrol
  • SCR Dairy
  • Others

FAQs

The key factors driving the Market are Increasing Demand for Efficiency, Technological Advancements, Focus on Animal Welfare, Data-Driven Decision Making, Precision Livestock Farming And Global Food Security Concerns.

The “Animal Type” category dominated the market in 2022.

The key players in the market are DeLaval Inc., GEA Group AG, Afimilk Ltd., BouMatic LLC, Allflex Group, DairyMaster Ltd., Lely Holding S.A.R.L., Cainthus, Farmcontrol, SCR Dairy, Others.

“Europe” had the largest share in the Livestock Monitoring Market.

The global market is projected to grow at a CAGR of 8.4% during the forecast period, 2023-2032.

The Livestock Monitoring Market size was valued at USD 2.1 Billion in 2022.

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