Product Code: GVR-4-68039-257-3
Livestock Monitoring Market Growth & Trends:
The global livestock monitoring market size is expected to reach USD 8.53 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.56% from 2024 to 2030. The market growth can be attributed to the increased focus on livestock monitoring, along with disease detection. Furthermore, the prevalence of zoonotic diseases among livestock, rising adoption of IoT and AI by dairy farmers, increasing number of dairy farms, and significant cost-saving due to livestock monitoring management are some of the major drivers of the market.
Extensive animal-derived food production and an increase in the investments in R&D and animal health management in developed economies have led to higher productivity. Encouragement from government animal welfare organizations is also boosting the market growth. Further, government funding and reforms are expected to propel market growth shortly. In addition, increasing awareness regarding animal nutrition, genetic breeding, milk harvesting, and animal health is expected to promote the adoption of livestock monitoring systems.
There is an increased demand for animal products, and thus several countries are focusing on livestock rearing. This has led to an increase in the livestock population. In addition, the prevalence of zoonotic diseases is further fueling the growth of the market. This is because these disease outbreaks in the livestock can be major socioeconomic threats, resulting in production loss and disruption of local markets, rural economy, and international trade factors like these are expected to encourage the adoption of livestock monitoring systems among livestock owners.
The COVID-19 pandemic has triggered an unexpected crisis in the general agricultural processing industries and the processing of dairy products. The onset of the pandemic has caused tremendous economic losses to the beef, pork, poultry, and dairy industries worldwide. As the COVID-19 virus spread across the globe, several industries evaluated its impact on their businesses. Given the increased demand for goods as consumers stock up for possible quarantines or restrict their visits to the grocery store, companies faced challenges to cope with the increasing demand and protect the supply chain. However, with the improving situations, the market is expected to witness growth in the coming years.
Industry players are involved in strategies including mergers & acquisitions, collaborative agreements, and geographic expansion to gain an edge over the competition. For instance, in February 2021, Fancom announced an enhanced version of the light control for Lumina 38H and 36/38 poultry computers. In February 2021, MSD Animal Health announced the acquisition of PrognostiX Poultry Limited, a provider of health and environmental monitoring solutions for the poultry business, which expanded its product portfolio.
Livestock Monitoring Market Report Highlights:
- The software component segment is expected to register the fastest growth rate over the forecast period. This is because the software has promoted interoperability between different data management systems and ultimately added value for customers.
- The milking management segment dominated the market with a share of over 24.3% in 2023.
- Due to the presence of well-established companies and technologically advanced infrastructure, North America dominated the market in 2023 with a revenue share of over 28.5%.
- Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to the high potential and rapidly growing markets of India, Japan, and China in this region.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Primary Research
- 1.4. Information/Data Analysis
- 1.5. Market Formulation & Visualization
- 1.6. Data Validation & Publishing
- 1.7. Model Details
- 1.7.1. Commodity flow analysis
- 1.7.2. Global Market: CAGR Calculation
- 1.8. List of Secondary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Livestock Monitoring Market Variable Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market
- 3.1.2. Ancillary Market
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Technological Advancements
- 3.2.1.2. Rising Support Initiatives
- 3.2.1.3. Increasing Focus on Preventive Livestock Monitoring
- 3.2.1.4. Increasing Dairy & Meat Consumption
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Low Adoption in certain regions
- 3.2.2.2. High Installation & Maintenance Cost
- 3.2.2.3. Dearth of Network Infrastructure
- 3.2.3. Market Opportunity Analysis
- 3.2.4. Market Challenge Analysis
- 3.3. Livestock Monitoring Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's Five Forces
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitution
- 3.3.1.4. Threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political & Legal landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.2.4. Environmental landscape
- 3.3.3. Regulatory Framework
- 3.3.4. Estimated Livestock Population, by Key Countries, 2018 - 2023
- 3.3.5. Pricing Analysis
- 3.3.6. COVID-19 Impact Analysis
Chapter 4. Livestock Monitoring Market: Animal Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Livestock Monitoring Market Animal Movement Analysis
- 4.3. Livestock Monitoring Market Size & Trend Analysis, By Animal, 2018 - 2030 (USD Million)
- 4.3.1. Bovine
- 4.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.3.2. Poultry
- 4.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.3.3. Swine
- 4.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.3.4. Other Animals
- 4.3.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Livestock Monitoring Market: Solution Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Livestock Monitoring Market Solution Movement Analysis
- 5.3. Livestock Monitoring Market Size & Trend Analysis, Solution, 2018 - 2030 (USD Million)
- 5.3.1. Hardware
- 5.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.1.2. Sensors
- 5.3.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.1.3. GPS/RFID
- 5.3.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.1.4. Other Hardware
- 5.3.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.2. Software
- 5.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.2.2. On-premise
- 5.3.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.2.3. Cloud
- 5.3.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.3.3. Services
- 5.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Livestock Monitoring Market: By Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Livestock Monitoring Market Application Movement Analysis
- 6.3. Livestock Monitoring Market Size & Trend Analysis, Application, 2018 - 2030 (USD Million)
- 6.3.1. Milking Management
- 6.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.3.2. Breeding Management
- 6.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.3.3. Feeding Management
- 6.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.3.4. Health Monitoring
- 6.3.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.3.5. Behavioral Monitoring
- 6.3.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.3.6. Other Applications
- 6.3.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Livestock Monitoring Market: By Sector Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Livestock Monitoring Market Sector Movement Analysis
- 7.3. Livestock Monitoring Market Size & Trend Analysis, By Sector, 2018 - 2030 (USD Million)
- 7.3.1. Dairy
- 7.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.3.2. Meat
- 7.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.3.3. Other Sectors
- 7.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Livestock Monitoring Market: Country Estimates & Trend Analysis, by Animal, Solution, Application & Sector
- 8.1. Regional Dashboard
- 8.2. Livestock Monitoring Market Share, By Region, 2023 & 2030 (USD Million)
- 8.3. Regional Outlook
- 8.4. North America
- 8.4.1. North America Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. U.S.
- 8.4.2.1. Key Country Dynamics
- 8.4.2.2. Competition Insights
- 8.4.2.3. U.S. Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Canada
- 8.4.3.1. Key Country Dynamics
- 8.4.3.2. Competition Insights
- 8.4.3.3. Canada Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Mexico
- 8.4.4.1. Key Country Dynamics
- 8.4.4.2. Competition Insights
- 8.4.4.3. Mexico Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5. Europe
- 8.5.1. Europe Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. UK
- 8.5.2.1. Key Country Dynamics
- 8.5.2.2. Competition Insights
- 8.5.2.3. UK Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Germany
- 8.5.3.1. Key Country Dynamics
- 8.5.3.2. Competition Insights
- 8.5.3.3. Germany Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.4. France
- 8.5.4.1. Key Country Dynamics
- 8.5.4.2. Competition Insights
- 8.5.4.3. France Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.5. Italy
- 8.5.5.1. Key Country Dynamics
- 8.5.5.2. Competition Insights
- 8.5.5.3. Italy Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.6. Spain
- 8.5.6.1. Key Country Dynamics
- 8.5.6.2. Competition Insights
- 8.5.6.3. Spain Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.7. Denmark
- 8.5.7.1. Key Country Dynamics
- 8.5.7.2. Competition Insights
- 8.5.7.3. Denmark Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.8. Sweden
- 8.5.8.1. Key Country Dynamics
- 8.5.8.2. Competition Insights
- 8.5.8.3. Sweden Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.5.9. Norway
- 8.5.9.1. Key Country Dynamics
- 8.5.9.2. Competition Insights
- 8.5.9.3. Norway Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6. Asia Pacific
- 8.6.1. Asia Pacific Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Japan
- 8.6.2.1. Key Country Dynamics
- 8.6.2.2. Competition Insights
- 8.6.2.3. Japan Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. China
- 8.6.3.1. Key Country Dynamics
- 8.6.3.2. Competition Insights
- 8.6.3.3. China Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. India
- 8.6.4.1. Key Country Dynamics
- 8.6.4.2. Competition Insights
- 8.6.4.3. India Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.5. Australia
- 8.6.5.1. Key Country Dynamics
- 8.6.5.2. Competition Insights
- 8.6.5.3. Australia Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.6. South Korea
- 8.6.6.1. Key Country Dynamics
- 8.6.6.2. Competition Insights
- 8.6.6.3. South Korea Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.6.7. Thailand
- 8.6.7.1. Key Country Dynamics
- 8.6.7.2. Competition Insights
- 8.6.7.3. Thailand Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.7. Latin America
- 8.7.1. Latin America Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.7.2. Brazil
- 8.7.2.1. Key Country Dynamics
- 8.7.2.2. Competition Insights
- 8.7.2.3. Brazil Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030
- 8.7.3. Argentina
- 8.7.3.1. Key Country Dynamics
- 8.7.3.2. Competition Insights
- 8.7.3.3. Argentina Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8. Middle East & Africa
- 8.8.1. Middle East & Africa Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.2. South Africa
- 8.8.2.1. Key Country Dynamics
- 8.8.2.2. Competition Insights
- 8.8.2.3. South Africa Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.3. Saudi Arabia
- 8.8.3.1. Key Country Dynamics
- 8.8.3.2. Competition Insights
- 8.8.3.3. Saudi Arabia Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.4. UAE
- 8.8.4.1. Key Country Dynamics
- 8.8.4.2. Competition Insights
- 8.8.4.3. UAE Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.8.5. Kuwait
- 8.8.5.1. Key Country Dynamics
- 8.8.5.2. Competition Insights
- 8.8.5.3. Kuwait Livestock Monitoring Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Market Participant Categorization
- 9.2. Participants Overview
- 9.3. Financial Performance
- 9.4. Product Benchmarking
- 9.5. Market Position Analysis, 2023 (Heat Map Analysis)
- 9.6. Strategy Mapping
- 9.6.1. Mergers And Acquisitions
- 9.6.2. Launch
- 9.6.3. Partnerships & Collaborations
- 9.6.4. Expansion
- 9.6.5. Others
- 9.7. Company Profiles
- 9.7.1. Afimilk Ltd.
- 9.7.1.1. Participant's overview
- 9.7.1.2. Financial performance
- 9.7.1.3. Product benchmarking
- 9.7.1.4. Strategic initiatives
- 9.7.2. DeLaval
- 9.7.2.1. Participant's overview
- 9.7.2.2. Financial performance
- 9.7.2.3. Product benchmarking
- 9.7.2.4. Strategic initiatives
- 9.7.3. BouMatic
- 9.7.3.1. Participant's overview
- 9.7.3.2. Financial performance
- 9.7.3.3. Product benchmarking
- 9.7.3.4. Strategic initiatives
- 9.7.4. Merck & Co., Inc. (Allflex)
- 9.7.4.1. Participant's overview
- 9.7.4.2. Financial performance
- 9.7.4.3. Product benchmarking
- 9.7.4.4. Strategic initiatives
- 9.7.5. Zoetis
- 9.7.5.1. Participant's overview
- 9.7.5.2. Financial performance
- 9.7.5.3. Product benchmarking
- 9.7.5.4. Strategic initiatives
- 9.7.6. Lely
- 9.7.6.1. Participant's overview
- 9.7.6.2. Financial performance
- 9.7.6.3. Product benchmarking
- 9.7.6.4. Strategic initiatives
- 9.7.7. Moocall
- 9.7.7.1. Participant's overview
- 9.7.7.2. Financial performance
- 9.7.7.3. Product benchmarking
- 9.7.7.4. Strategic initiatives
- 9.7.8. GEA Group Aktiengesellschaft
- 9.7.8.1. Participant's overview
- 9.7.8.2. Financial performance
- 9.7.8.3. Product benchmarking
- 9.7.8.4. Strategic initiatives
- 9.7.9. Fullwood Packo
- 9.7.9.1. Participant's overview
- 9.7.9.2. Financial performance
- 9.7.9.3. Product benchmarking
- 9.7.9.4. Strategic initiatives
- 9.7.10. Dairymaster
- 9.7.10.1. Participant's overview
- 9.7.10.2. Financial performance
- 9.7.10.3. Product benchmarking
- 9.7.10.4. Strategic initiatives
- 9.7.11. Fancom BV
- 9.7.11.1. Participant's overview
- 9.7.11.2. Financial performance
- 9.7.11.3. Product benchmarking
- 9.7.11.4. Strategic initiatives
- 9.7.12. Nysbys
- 9.7.12.1. Participant's overview
- 9.7.12.2. Financial performance
- 9.7.12.3. Product benchmarking
- 9.7.12.4. Strategic initiatives
- 9.7.13. PsiBorg Technologies Pvt. Ltd
- 9.7.13.1. Participant's overview
- 9.7.13.2. Financial performance
- 9.7.13.3. Product benchmarking
- 9.7.13.4. Strategic initiatives
- 9.7.14. Boehringer Ingelheim
- 9.7.14.1. Participant's overview
- 9.7.14.2. Financial performance
- 9.7.14.3. Product benchmarking
- 9.7.14.4. Strategic initiatives
- 9.8. List of Other Key Market Players
Chapter 10. Key Takeaways