The Global RFID Tags for Livestock Management Market size is projected to grow from USD 2.93 Billion in 2019 to USD 4.88 Billion by 2028, at a CAGR of 8.1% during the forecast period (2021-2028). The key drivers are the rising demand for higher animal welfare standards and increased adoption of RFID technology due to its ability to reduce biological hazards associated with livestock diseases such as foot-and-mouth disease and avian influenza etc., coupled with increasing awareness about benefits offered by RFID tags in livestock management systems, among others.
RFID Tags for Livestock Management are a type of identification that can be placed on an animal to provide information about the location and health status. RFID tags use radio-frequency waves or electromagnetic fields, which are transmitted by a reader and received by an electronic tag attached to the item being identified. They often contain data about when it was last scanned and where its position is located at any point in time.
On the basis of Types, the market is segmented into Active and Passive RFID tags.
An active RFID tag is a battery-powered device that broadcasts its identification number. In contrast, passive tags do not have batteries and are activated when they come within range of an antenna in the reading equipment. Active RFID tags can only be read if there is sufficient power to broadcast their identification information; as such tags will stop transmitting after about 24 hours due to low voltage.
Passive RFID Tags for Livestock Management can be of three types: VHF, UHF, and LF. Passive tags are usually battery-powered with low power consumption that enables them to operate within a certain distance of the reader device without requiring any other energy source such as an induction loop or external antenna. The range varies depending on the tag's frequency band but generally passive tags work at ranges between 0 and 100 meters (0 and 328 feet).
On the basis of Application, the market is segmented into Sheep, Cows, and Poultry. RFID tags are used to keep track of movements and safety. Tags can be programmed with information on the animal’s location, health status, or environmental conditions (temperature). This data is tracked by the animals' sensors which communicate wirelessly via radio waves. It tracks locations for livestock in real-time so you always know where the animals are located even if they move off their farm/ranch or get lost.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to be the fastest-growing region in terms of RFID tags for livestock management during the forecast period. The high adoption rates and investments by key players are driving growth, especially from Mexico which is one of the largest cattle producers worldwide.
The Latin American market is also experiencing a significant increase owing to favorable government policies towards animal husbandry along with an increase in demand for meat production.
RFID tags for livestock will witness substantial growth across Europe as well due to the implementation of new food safety rules that include tagging animals at every stage starting from birth until slaughtering them and compliance with regulations related to traceability in food supply chains.
The global RFID tags for the livestock management market are expected to grow significantly from 2021 to 2028. Increasing demand for animal and food safety, an increasing number of outbreaks related to consumption or contact with animals such as cattle (bovine), poultry (chickens) diseases are the factors driving the growth of this market. Furthermore, increased use of biometrics in livestock identification systems will be another factor responsible for fueling the growth of this market during the forecast period.
Up Market Research published a new report titled “RFID Tags for Livestock Management Market research report which is segmented by Types (Active, Passive), By Applications (Sheep, Cows, Poultry, Others), By Players/Companies Alien Technology, Confidex Ltd, Smartrac N.V., Atmel Corporation, HID Global Corporation, Impinj, Inc., Invengo Information Technology Co. Ltd, NXP Semiconductors N.V., GAO RFID Inc., CoreRFID Ltd”.
Report Attributes | Report Details |
Report Title | RFID Tags for Livestock Management Market Research Report |
By Type | Active, Passive |
By Application | Sheep, Cows, Poultry, Others |
By Companies | Alien Technology, Confidex Ltd, Smartrac N.V., Atmel Corporation, HID Global Corporation, Impinj, Inc., Invengo Information Technology Co. Ltd, NXP Semiconductors N.V., GAO RFID Inc., CoreRFID Ltd |
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 | 208 |
Number of Tables & Figures | 146 |
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.
The market is segmented by Type Active, Passive and By Application Sheep, Cows, Poultry, Others.
Some of the companies that are profiled in this report are:
RFID Tags for Livestock Management 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:
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.
We have studied the RFID Tags for Livestock Management 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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