Report Code: A07885 | Pages: NA | Mar 2023 | 3391 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Livestock Monitoring Market
Request Now !Livestock monitoring involves applications of technology to improve profitability and performance of livestock farming. On-site tracking sensors provide data on the location and physical condition of animals instead of solely depending on senses of farmers. Hardware sensors help farmers to keep a track on the overall well-being of animals such as reproduction, feeding behavior, and hygiene. The software ensures safety of animals by assisting farmers. Growth in applications of hardware equipped with cloud-based services fuel the market growth.
Rise in need to increase herd size of livestock globally to suffice increase in food demand is anticipated to grow the livestock monitoring market. Investments from various governments, favorable initiatives, and trade policies for the industry also propels the market growth. Rapid implementation of IoT technology in the livestock industry has led to minimization of manual labor and maximization in productivity and profitability level. In addition, the adoption of cloud-based software systems has made livestock monitoring devices more efficient and user-friendly by sharing resources and data to computers and other devices when needed.
The global livestock monitoring market trends are as follows:
The hardware component held the largest share in the market in 2019, owing to rapid adoption of hardware devices like sensors, smart cameras, and GPS technology in livestock farms. Technological advancements in software and services used in the livestock industry also drive its growth, owing to the need of farmers to produce large amount of supplies in a short period of time. Â
Livestock monitoring solutions are majorly applied in the milk harvest management. Increase demand for milk yield, efficiency in production, and dairy products worldwide has led to their widespread adoption, which leads to the market growth.
Asia-Pacific consists of 60% of the world’s population, hence livestock suppliers are required to be more efficient and productive to cater to the demand of the population. The region cannot solely rely on the knowledge and senses of farmers, hence to meet the growing need, livestock farms need to be monitored by making use of certain technologies, which is anticipated to lead to lead to rapid growth in the livestock monitoring market.
Implementation of technologically advanced devices like RFID, sensors, smart cameras, and GPS and high demand to decrease the cost related to livestock rearing are expected to boost the market growth in North America.
Implementation of technology on livestock farms is expected to optimize the productivity of livestock, hence maximizes herd performance and ensures secure and prosperous future for livestock suppliers. Main benefits of livestock monitoring market are as follows:
Key benefits of the report:
Questions answered in the livestock monitoring market research report:
Livestock Monitoring Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Application |
|
By Component |
|
By Region |
|
Key Market Players | DeLaval Inc., GEA Group Aktiengesellschaft, Afimilk Ltd., Sensaphone, BouMatic, Antelliq, Dairymaster Ltd., Fancom, Lely, Fullwood Packo. |
Loading Table Of Content...
Start reading.
This Report and over 19,603+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers