Precision Livestock Farming Market Report Overview
Maximize Market Research published reports that help clients understand the Precision Livestock Farming market structure in-depth. The report which is a combination of primary and secondary research gives thorough details about the Precision Livestock Farming market, trade statistics, leading players, and various market metrics.
The Precision Livestock Farming Market size was valued at USD 5.84 billion in 2023 and the total Precision Livestock Farming Market revenue is expected to grow at a CAGR of 8.4 % from 2024 to 2030, reaching nearly USD 10.27 billion.
Precision Livestock Farming Market Report Scope and Research Methodology
The report provides business statistics and analytical insights to help you understand the Precision Livestock Farming market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Precision Livestock Farming market size. Both primary and secondary research methodologies were used to clearly present the Precision Livestock Farming market structure.
In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Precision Livestock Farming key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Precision Livestock Farming industry experts were interviewed.
The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Precision Livestock Farming competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Precision Livestock Farming market.
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Precision Livestock Farming Market Regional Analysis
The report has been segmented into many key countries. This section provides a detailed analysis of the Precision Livestock Farming market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:
- North America- U.S., Canada, Mexico
- Europe- UK, Germany, France, Spain, Rest of Europe
- Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
- South America- Brazil
- Middle East and Africa.
Precision Livestock Farming Market Segmentation
by Offering
Hardware
Software
Services
In terms of market size, the hardware sector is anticipated to lead the worldwide precision livestock farming market throughout the forecast period. Hardware, software, and services are the three primary market segments. Precision livestock husbandry relies heavily on hardware devices to gather and analyze vital data points at the individual and herd levels. These gadgets collect information on a range of livestock topics, such as health, stress from the heat, effectiveness of feeding, and estrus.
By offering useful livestock data, the use of cutting-edge technology like robots, automation, smart sensors, and camera systems has greatly enhanced farm management. Innovative products for cattle producers have been made possible by the integration of cutting-edge technology like artificial intelligence, machine learning, and the Internet of things. Sensors are part of the hardware category.
by Technology
Identification And Tracking
Milking Robotic Systems
Poultry Monitoring and Robotic Systems
Precision Feeding Systems
Sensors And Monitoring Devices
Software And Data Analytics
GPS Tracking and Geolocation Systems
Others
by Farm Type
Dairy Farms
Poultry Farms
Swine Farms
Others (Equine and Bovine Farms)
by Application
Livestock Health and Behavior Monitoring Management
Environmental Monitoring
Feed Management
Milk Harvesting
Sorting, Animal Weighing Data Analysis, And Financial
Waste Management
From 2023 to 2029, the precision livestock farming market is expected to reach its second-largest market size in the feeding management application sector. The heightened consciousness among livestock farm owners regarding the effective administration of feed inventory and animal diets is anticipated to propel substantial expansion in this industry. High milk production in dairy cows is mostly dependent on their diet, and crucial minerals like potassium (K) and phosphorus (P) are necessary for the growth, development, and healthy production of milk in dairy cattle.
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Precision Livestock Farming Market Key Players
1. Afimlik (Israel)
3. Allflex (Israel)
4. Antelliq
5. BouMatic (US)
7. Connecterra
8. Cowlar
9. Dairymaster (Ireland)
10. DeLaval (Sweden)
11. Fancom B.V.
12. Farm Control
13. Fullwood Paco Ltd.
14. GEA Farm Technology (Germany)
16. HokoFarm-Group
17. IceRobotics
18. Lely International (Netherlands)
20. Moocall
21. Trioliet B.V
22. VDL Agrotech
23. Waikato Milking System
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Key Questions answered in the Precision Livestock Farming Market Report are:
- What is Precision Livestock Farming?
- What will be the CAGR of the Precision Livestock Farming market during the forecast period?
- Which segment of the Precision Livestock Farming market held the largest share of the global market in 2022?
- What trends are expected to generate additional revenue for the Precision Livestock Farming market?
- What are the opportunities for the Precision Livestock Farming Market?
- What factors are driving the Precision Livestock Farming market growth?
- Which company held the largest share in the Precision Livestock Farming market?
Key Offerings:
- A detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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