Industry Background:
Animal identification systems helps in keeping the production accurate. It identifies and tracks the records which includes animal percentage, birth rate, production records and health history. In addition, the animal identification systems provides the owners details. There are different methods of animal identification including branding, ear notching, freeze branding, hot stamping, and others. This identification of animal helps in animal slaughter management and food industry. Further, in case of disease outbreaks, the tractability helps in developing wide range of measures.This growth is primarily driven by Increasing Concerns about the Food Quality
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Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Alidma (United Kingdom), AEG ID (Germany), Agrident (Germany), Allflex (United States), BOS Better Online Solutions (Israel), DaltonTags (United Kingdom), Datamars (Switzerland), Destron Fearing (United States), EM Microelectronic (Switzerland) and Hauptner-Herberholz (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2018, Allflex has announced that it has acquired agrident which specializes in radio frequency identification data capture systems. This acquisition helps in commitment towards the providing the tools which helps in ensuring proper health and management.
The market of Animal identification systems is fragmented, due to availability of many large and small players in the market. These players try to gain a competitive edge in the market through product and technology launch, strategic partnership, acquisition, expansion, and collaboration.
Influencing Trend:
Increasing Adoption of Iot in Devices and Rising Demand of Animal Monitoring and Technological Advancements
Market Growth Drivers:
Increasing Concerns about the Food Quality and Legal Requirement of Tractability of Domestic Animals is Fuelling the Market Growth
Challenges:
Longer Time Taken by the Device to Update Information
Restraints:
High Competition from Major Players
Opportunities:
Increasing Awareness about Animal’s Physical and Mental Health and Growing Adoption of Pets Leads to Inclination of Owners towards Animal Identification Systems
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Animal Identification Systems Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Animal Identification Systems Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Animal Identification Systems players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Animal Identification Systems Study Sheds Light on
The Animal Identification Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Animal Identification Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Animal Identification Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.