Industry Background:
Animals are produced intensively and are kept under optimal conditions for growth and production within current technological limits. Most of the time the animals are constrained within a building or stockyard. As they are prevented from hunting for their own food, the farmer or the owner of livestock has to take care for all aspects of their husbandry. With the help of livestock monitoring systems the entire livestock environment can be observed and if any condition falls out of preset parameter, it will alert the user by phone, text or mail so that the user can respond quickly. These systems are used to monitor sick animals, tack rooms and to observe animals kept in the trailer in case of travelling.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Boumatic LLC (United States), Delaval (Sweden), Dairymaster (Ireland), Monnit Corporation (United States), Lely Holding S.A.R.L (Netherlands), SCR Engineers Ltd. (Israel), Valley Agriculture Software (California), GEA Group AG (Germany), Allflex Group (United States), Nedap N.V. (Netherlands) and Quantified Ag (United States) |
According to AMA, the market for Livestock Monitoring is expected to register a CAGR of 11.0% during the forecast period to 2030. This growth is primarily driven by Growing Size of Dairy Farms, Expansion in the Size and Number of Dairy Farms and Raising Prerequisites for Considerable Cost Savings.
Globally, a noticeable market trend is evident Raise in Industrialization
Major Vendors, such as Boumatic LLC (United States), Delaval (Sweden), Dairymaster (Ireland), Monnit Corporation (United States), Lely Holding S.A.R.L (Netherlands), SCR Engineers Ltd. (Israel), Valley Agriculture Software (California), GEA Group AG (Germany), Allflex Group (United States), Nedap N.V. (Netherlands) and Quantified Ag (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are focusing on inorganic growth strategies like mergers and acquisitions to sustain its leadership position across the highly competitive dairy herd management market. To maintain competitive position in the market, the commonly used strategy adopted by the key players to enhance their geographic presence is product launch are partnerships and collaborations with various other companies.
Key Developments in the Market:
In 2021, Merck Animal Health, popularly known as MSD Animal Health which is a subsidiary of Merck & Co. has announced completion of acquisition of Poultry Sense Ltd., which is British company and known as an innovator in health and environmental monitoring solutions for the poultry industry. The poultry sense ltd. continuously track’s and analyze’s overall health performance for the life of the flock. This can help in detection and thus prevention of any disease within the flocks before any major outbreak. The acquisition will help Merck expand its product portfolio, with animal health related technology.
In 2020, BASF SE, a German multinational chemical, agricultural as well as related industrial domain services provider has announced acquisition of Cloudfarms, which is a next generational farming solutions for livestock producers. The Cloudfarms software company, provides livestock farm management solutions, precision farming, monitoring and traceability. This solutions could enable livestock farmers to manage, track, process and analyze the production data for daily operations in real time scenario. This acquisition is in line with BASF’s commitment towards sustainable food system, as well as integration of digital solutions ecosystems for global livestock sector.
Influencing Trend:
Raise in Industrialization, Constant Innovation and Introduction in Livestock Monitoring System and Growing Market Penetration of IoT Technology in Livestock Farming
Market Growth Drivers:
Growing Size of Dairy Farms, Expansion in the Size and Number of Dairy Farms and Raising Prerequisites for Considerable Cost Savings
Challenges:
Livestock are a Major Contributor to Global Warming
Restraints:
Lack of Trained Professional and Requirement of Huge Capital Investment
Opportunities:
Increasing Availability of Innovative Feeding Technologies and Animal Health Industry is Evolving with Revolutionary Digital Solutions
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 mostly 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 Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Livestock Monitoring Market
- Analysis about New Entrants in Livestock Monitoring Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Livestock Monitoring Study Sheds Light on
The Livestock Monitoring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Livestock Monitoring industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Livestock Monitoring 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 Vendors 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.