Livestock Monitoring Market by Component (Hardware, Software, Services), by End-use (Dairy Farm, Beef Farm, Sheep Farm, Deer Farm, Goat, Pig Farm), by North America (United States, Canada), by Europe (Germany, United Kingdom, France, Italy, Spain, Netherlands, Poland, Rest of Europe), by Asia Pacific (India, China, Australia, New Zealand, South Korea, Rest of APAC), by The Middle East & Africa (South Africa, Turkey, Rest of MEA), by Latin America (Argentina, Rest of LATAM) Forecast 2024-2032
The Livestock Monitoring Market size was valued at USD 1,545.0 million in 2023 and is projected to reach USD 5,332.3 million by 2032, exhibiting a CAGR of 18.5 % during the forecast period. The livestock surveillance industry is a field of digital technologies for animal health monitoring, herd management, and stocking rates increase. It combines several different technologies including GPS navigation, sensors, and RFID tagging along with data analytics. These tools help farmers watch over parameters like location, movement, feeding patterns, and characteristics of individual beasts or whole barns by using technology. Sentiment analysis is well suited for dairy farms, poultry farms, and ranching operations to tackle animal welfare, improve diet management, and increase the overall result. The major trends powering this market are the integration of IoT for real-time monitoring, the usage of AI for predictive analysis, and for move towards smart agriculture aiming to be sustainable and precise. In line with the ever-elevating values of animal product quality, livestock surveillance has grown and become more inventive.
Component:
End-use:
“The livestock monitoring market is poised for significant growth as technology advancements and regulatory pressures drive adoption. Market participants should focus on innovation, strategic partnerships, and data-driven insights to capture growth opportunities.”
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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