Livestock Monitoring Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Livestock Monitoring Market size is set to grow at over 9% CAGR from 2024 to 2032, led by technological advancements and a surge in product launches. Farmers are increasingly integrating smart sensors, wearable devices, and automated systems into their practices, allowing for real-time tracking of animal health, behavior, and productivity. This technological evolution is transforming livestock management, offering more precise and efficient monitoring and care. For instance, in July 2023, Korea's SKT unveiled 'Live Care,' an IoT-driven livestock monitoring system. This cutting-edge solution facilitates real-time tracking of animal health and behavior, equipping farmers with insights to bolster herd management and productivity.

The livestock monitoring industry is segmented into component, application, livestock, technology, and region.

The market share from the software component segment will record a decent growth rate between 2024 and 2032, driven by the demand for enhanced efficiency and accuracy in animal management. Farmers are leveraging advanced algorithms and data analytics to process real-time data from sensors and IoT devices, enabling informed decision-making. Furthermore, software integrations with AI are predicting health issues and optimizing feeding schedules. Recent software advancements are introducing features like automated data interpretation and smooth connectivity with other farm management tools.

In terms of application, the livestock monitoring market value from the reproduction management segment is anticipated to witness a significant CAGR from 2024-2032. This growth is driven by the rising adoption of advanced tools that optimize breeding processes and boost herd productivity. Ongoing advancements in reproduction management applications are ensuring precise and efficient breeding activity management. These tools are not only enhancing reproductive success rates but also bolstering the overall health and productivity of livestock.

Asia Pacific livestock monitoring industry size will record a significant growth through 2032 due to tightening regulatory compliance. In a bid to uphold animal health, traceability, and food safety, governments are enforcing stricter regulations. This push is nudging farmers towards adopting advanced monitoring systems. As such, the emphasis on regulatory compliance is steering the future of livestock monitoring in Asia Pacific, promoting technology adoption to uplift animal welfare, bolster food security, and align with the rising expectations of consumers and authorities.

Product Code: 10412

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Hardware suppliers
- 3.2.2 Software providers
- 3.2.3 Service provider
- 3.2.4 Technology providers
- 3.2.5 End-user
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising demand for meat and dairy products
  - 3.8.1.2 Technological advancements such as AI and IoT
  - 3.8.1.3 Increasing awareness of animal health and welfare
  - 3.8.1.4 Cost efficiency and productivity
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Data security and privacy concerns
  - 3.8.2.2 Limited internet connectivity
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 (Revenue)

5.1 Key trends
5.2 Hardware
5.3 Software
5.4 Services

Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 (Revenue)

6.1 Key trends
6.2 Health monitoring
6.3 Reproduction management
6.4 Feeding management
6.5 Milk harvesting management
6.6 Behavior monitoring
6.7 Others

Chapter 7 Market Estimates and Forecast, By Livestock, 2021 - 2032 (Revenue)

7.1 Key trends
7.2 Cattle
7.3 Poultry
7.4 Swine
7.5 Equine
7.6 Others

Chapter 8 Market Estimates and Forecast, By Technology, 2021 - 2032 (Revenue)

8.1 Key trends
8.2 Radio frequency identification (RFID)
8.3 Global positioning system (GPS)
8.4 Sensors
8.5 AI
8.6 IoT

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 (Revenue)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Afimilk Ltd.
10.2 Allflex Livestock Intelligence
10.3 Bayer AG
10.4 BouMatic
10.5 DairyMaster
10.6 DeLaval
10.7 Fancom BV
10.8 Fujitsu
10.9 Gallagher Group Limited
10.10 GEA Farm Technologies
10.11 HID Global
10.12 Lely International N.V.
10.13 Merck Animal Health
10.14 Moocall
10.15 Nedap N.V.
10.16 Quantified Ag
10.17 SCR Dairy
10.18 SenseTime
10.19 Trimble Inc.
10.20 Zoetis