Global Precision Livestock Farming Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Precision Livestock Farming Market

Precision livestock farming market will reach at an estimated value of USD 6.9 billion by 2028 and grow at a CAGR of 8.90% in the forecast period of 2021 to 2028. Increase in the implementation of IoT- and AI-enabled devices for livestock monitoring is an essential factor driving the precision livestock farming market. 

Precision livestock farming is defined as a smart technology which allows individual animals to be observed and monitored more nearly on farms that stay to upscale the size of their operations. Precision milking robots, precision feeding systems, and identification & tracking are different types of technologies that are largely used in the precision livestock farming market.

Rise in the transition from precision livestock farming to decision livestock farming is a crucial factor accelerating the market growth, also increase in the surging labor costs, rise in the demand for automation in livestock industry, rise in the focus on real-time monitoring and early disease detection and rise in the demand for protein and dairy products are the major factors among others boosting the precision livestock farming market. Moreover, rise in the adoption of livestock monitoring technology in developing countries, rise in the number of dairy, poultry, and swine farms and rise in the popularity of poultry robots and BSC smart cameras will further create new opportunities for precision livestock farming market in the forecast period mentioned above.

However, high upfront cost and marginal return on investment and lack of technological awareness among livestock farmers are the major factors among others restraining the market growth, and will further challenge the precision livestock farming market in the forecast period mentioned above.

This precision livestock farming market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on precision livestock farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Precision Livestock Farming Market Scope and Market Size

Precision livestock farming market is segmented on the basis of offering, type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of offering, precision livestock farming market is segmented into hardware, software and services.
• Based on type, the precision livestock farming market is segmented into milking robots, precision feeding systems, livestock identification and tracking.
• The precision livestock farming market is also segmented on the basis of application into milk harvesting, feeding management, livestock behavior and health monitoring and others.

Precision Livestock Farming Market Scope Country Level Analysis

Precision livestock farming market is analysed and market size, volume information is provided by country, offering, type and application as referenced above.

The countries covered in the precision livestock farming market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Europe dominates  the precision livestock farming market due to increase in the surging labor costs, rise in the demand for automation in livestock industry and rise in the focus on real-time monitoring and early disease detection in this region.

The country section of the precision livestock farming market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Precision Livestock Farming Market Share Analysis

Precision livestock farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to precision livestock farming market.

The major players covered in precision livestock farming market report are SCR Engineers LTD, DeLaval, GEA Group Aktiengesellschaft, Afimilk Ltd, BouMatic, Lely, DAIRYMASTER, LIC and Fancom B.V, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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