Global Livestock Monitoring Market by Animal Type (Poultry, Cattle), by Component (Software, Hardware) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global livestock monitoring market was valued at USD 4.07 Billion in 2020. It is projected to grow at a compound annual rate (CAGR of 16.56%) between 2021 and 2028. This market growth can be attributed to an increase in cattle population and the increasing adoption of livestock monitoring technology. These monitoring systems are becoming more popular due to the significant cost savings associated with livestock monitoring management. As of November 2020, millions were affected by the COVID-19 epidemic caused by SARS-CoV-2. Contagious coronavirus has also had an economic impact on many sectors, including the livestock health industry. Social distancing and national lockdown have delayed or suspended veterinary visits. This is expected to increase demand for livestock monitoring.
The market is being driven by the increasing demand for animal products such as eggs, milk and meat. Asia accounted for around 40% to 45% global meat production. The U.S., Brazil and Australia are also major producers. According to the Australian Bureau of Agriculture and Resources Economics and Sciences (ABARES), China will account for around 40% of the rise in meat demand by 2050. These factors increase the demand for livestock monitoring equipment.
There is also a lot of competition among key players. This has made it important to prioritize R&D and innovation within the existing product portfolio. To maintain their competitive edge, these companies have adopted a variety of strategies. CowManager, for instance, invented active ear sensor technology in May 2020. CowManager is constantly expanding to help dairymen who need new solutions or insights in addressing their challenges. These initiatives are expected to boost growth.
The market is also growing due to the increasing prevalence of zoonotic disease. These disease outbreaks can pose major socioeconomic risks, leading to production losses and disruption of local markets, rural economies, and international trade. Viruses and bacteria can also infect livestock. These factors will likely increase the need for livestock monitoring in coming years.
Information on Animal Types
In 2020, the cattle livestock monitoring systems had the highest revenue share at 45.0%. This is due to the benefits associated with their use. This segment is driven by a significant increase in beef consumption. Diverse public and private organizations monitor beef and dairy products to ensure their safety and prevent disease transmission. These factors are increasing the use of livestock monitoring systems.
The fastest expected CAGR for the poultry segment will be during the forecast period. This is due to the high consumption of poultry products daily. Due to the high demand for poultry products, and growing consumer awareness regarding quality products, there has been an increase in demand for animal monitoring and health.
Component Insights
With a revenue share exceeding 39.0%, the hardware segment was the dominant player in the livestock monitoring market in 2020. This is due to farmers' increased use of livestock monitoring devices to improve productivity and manage their livestock. These devices are safe for animals and provide data that can be used to inform farmers about healthy feeding, reproduction, and animal welfare. These factors are what contribute to this segment's dominant share.
This segment will see the most growth during the forecast period. It is a collection of multiple applications that can be used for monitoring livestock. They all share similar user interfaces, functions, features, and features. Software is being used by many companies to simplify the collection of data about livestock. Cainthus, for example, introduced ALUS Nutrition in February 2020. This personalized technology allows producers to monitor feed availability 24 hours a day. This system shows the time of feed and allows for adjustments to feeding plans if needed.
Application Insights
According to the application, the feed management segment accounted for the largest percentage of the market with more than 27.0% in 2020. Feed management is in high demand to control the animal's food intake. This application is also growing because of the increasing awareness among livestock owners about the importance of a proper diet for increasing productivity.
Over the forecast period, the fastest growth is expected in the milk harvesting sector. The implementation of auto milking, and the adoption internet-of-things (IoT) have led to significant cost and labor reductions. These factors will provide growth opportunities for the segment in the future.
Regional Insights
North America was the dominant region with a share of more than 31.0% in 2020. This is due to the rapid technological advancements and the increase in internet penetration in this region. This growth can also be attributed the region's increased meat consumption. The U.S. topped the 2018 list of highest meat consumption. This is further promoting the need to combat zoonotic or foodborne diseases that can be transmitted to livestock animals and subsequently fuelling market growth.
Asia Pacific will experience the fastest growth during the forecast period. This is due to the high number of cattle. China and India, for instance, account for more than 30% of global cattle population. The high livestock population has increased the demand for meat production. This will eventually drive the need for livestock monitoring systems.
Market Share Insights & Key Companies
Research and development activities are key to the production of efficient livestock monitors. DeLaval Inc. purchased milkrite InterPuls from Avon Rubber in July 2020. This acquisition has enriched DeLaval's animal husbandry offerings. Afimilk also granted Bionova Philippines exclusive distribution rights in March 2019 to market its products to Asian countries. This would enable the company to reach a wider market and help it with its growth strategy. The following are some of the most prominent players in global livestock monitoring:
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GEA Group Aktiengesellschaft
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Afimilk Ltd.
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DeLaval Inc.
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Sensaphone
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Antelliq
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BouMatic
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Dairymaster Ltd.
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Lely
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Fancom
- Fullwood Packo
Up Market Research published a new report titled “Livestock Monitoring Market research report which is segmented by Animal Type (Poultry, Cattle), by Component (Software, Hardware), By Players/Companies DeLaval Inc, Sensaphone, Fancom, Afimilk Ltd, Dairymaster Ltd, BouMatic, Lely, Antelliq, Fullwood Packo, GEA Group Aktiengesellschaft”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Livestock Monitoring Market Research Report |
By Animal Type | Poultry, Cattle |
By Component | Software, Hardware |
By Companies | DeLaval Inc, Sensaphone, Fancom, Afimilk Ltd, Dairymaster Ltd, BouMatic, Lely, Antelliq, Fullwood Packo, GEA Group Aktiengesellschaft |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 226 |
Number of Tables & Figures | 159 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Livestock Monitoring Market Report Segments:
The market is segmented by Animal Type (Poultry, Cattle), by Component (Software, Hardware).
Livestock Monitoring Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Livestock Monitoring Market
Overview of the regional outlook of the Livestock Monitoring Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Livestock Monitoring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Livestock Monitoring Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Poultry
2. Cattle
7. By Component:1. Software
2. Hardware
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Livestock Monitoring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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Reasons to Purchase the Livestock Monitoring Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Livestock Monitoring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Livestock Monitoring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Livestock Monitoring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Livestock Monitoring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Livestock Monitoring Market Size & Forecast, 2018-2028
4.5.1 Livestock Monitoring Market Size and Y-o-Y Growth
4.5.2 Livestock Monitoring Market Absolute $ Opportunity
Chapter 5 Global Livestock Monitoring Market Analysis and Forecast by Animal Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Animal Type
5.1.2 Basis Point Share (BPS) Analysis by Animal Type
5.1.3 Absolute $ Opportunity Assessment by Animal Type
5.2 Livestock Monitoring Market Size Forecast by Animal Type
5.2.1 Poultry
5.2.2 Cattle
5.3 Market Attractiveness Analysis by Animal Type
Chapter 6 Global Livestock Monitoring Market Analysis and Forecast by Component
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Component
6.1.2 Basis Point Share (BPS) Analysis by Component
6.1.3 Absolute $ Opportunity Assessment by Component
6.2 Livestock Monitoring Market Size Forecast by Component
6.2.1 Software
6.2.2 Hardware
6.3 Market Attractiveness Analysis by Component
Chapter 7 Global Livestock Monitoring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Livestock Monitoring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Livestock Monitoring Analysis and Forecast
9.1 Introduction
9.2 North America Livestock Monitoring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Livestock Monitoring Market Size Forecast by Animal Type
9.6.1 Poultry
9.6.2 Cattle
9.7 Basis Point Share (BPS) Analysis by Animal Type
9.8 Absolute $ Opportunity Assessment by Animal Type
9.9 Market Attractiveness Analysis by Animal Type
9.10 North America Livestock Monitoring Market Size Forecast by Component
9.10.1 Software
9.10.2 Hardware
9.11 Basis Point Share (BPS) Analysis by Component
9.12 Absolute $ Opportunity Assessment by Component
9.13 Market Attractiveness Analysis by Component
Chapter 10 Europe Livestock Monitoring Analysis and Forecast
10.1 Introduction
10.2 Europe Livestock Monitoring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Livestock Monitoring Market Size Forecast by Animal Type
10.6.1 Poultry
10.6.2 Cattle
10.7 Basis Point Share (BPS) Analysis by Animal Type
10.8 Absolute $ Opportunity Assessment by Animal Type
10.9 Market Attractiveness Analysis by Animal Type
10.10 Europe Livestock Monitoring Market Size Forecast by Component
10.10.1 Software
10.10.2 Hardware
10.11 Basis Point Share (BPS) Analysis by Component
10.12 Absolute $ Opportunity Assessment by Component
10.13 Market Attractiveness Analysis by Component
Chapter 11 Asia Pacific Livestock Monitoring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Livestock Monitoring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Livestock Monitoring Market Size Forecast by Animal Type
11.6.1 Poultry
11.6.2 Cattle
11.7 Basis Point Share (BPS) Analysis by Animal Type
11.8 Absolute $ Opportunity Assessment by Animal Type
11.9 Market Attractiveness Analysis by Animal Type
11.10 Asia Pacific Livestock Monitoring Market Size Forecast by Component
11.10.1 Software
11.10.2 Hardware
11.11 Basis Point Share (BPS) Analysis by Component
11.12 Absolute $ Opportunity Assessment by Component
11.13 Market Attractiveness Analysis by Component
Chapter 12 Latin America Livestock Monitoring Analysis and Forecast
12.1 Introduction
12.2 Latin America Livestock Monitoring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Livestock Monitoring Market Size Forecast by Animal Type
12.6.1 Poultry
12.6.2 Cattle
12.7 Basis Point Share (BPS) Analysis by Animal Type
12.8 Absolute $ Opportunity Assessment by Animal Type
12.9 Market Attractiveness Analysis by Animal Type
12.10 Latin America Livestock Monitoring Market Size Forecast by Component
12.10.1 Software
12.10.2 Hardware
12.11 Basis Point Share (BPS) Analysis by Component
12.12 Absolute $ Opportunity Assessment by Component
12.13 Market Attractiveness Analysis by Component
Chapter 13 Middle East & Africa (MEA) Livestock Monitoring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Livestock Monitoring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Livestock Monitoring Market Size Forecast by Animal Type
13.6.1 Poultry
13.6.2 Cattle
13.7 Basis Point Share (BPS) Analysis by Animal Type
13.8 Absolute $ Opportunity Assessment by Animal Type
13.9 Market Attractiveness Analysis by Animal Type
13.10 Middle East & Africa (MEA) Livestock Monitoring Market Size Forecast by Component
13.10.1 Software
13.10.2 Hardware
13.11 Basis Point Share (BPS) Analysis by Component
13.12 Absolute $ Opportunity Assessment by Component
13.13 Market Attractiveness Analysis by Component
Chapter 14 Competition Landscape
14.1 Livestock Monitoring Market: Competitive Dashboard
14.2 Global Livestock Monitoring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DeLaval Inc
14.3.2 Sensaphone
14.3.3 Fancom
14.3.4 Afimilk Ltd
14.3.5 Dairymaster Ltd
14.3.6 BouMatic
14.3.7 Lely
14.3.8 Antelliq
14.3.9 Fullwood Packo
14.3.10 GEA Group Aktiengesellschaft