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Livestock Monitoring Global Market Report 2022

·4-min read

Major players in the livestock monitoring market are DeLaval Inc, Afimilk Ltd, Boumatic, Dairymaster, Lely, Fullwood Packo Ltd, GEA Group Aktiengesellschaft, Communications Group Lethbridge, Sensaphone, SUM-IT Computer Systems, SCR Dairy, Fancom BV, Infovet, Nedap NV, Allflex Livestock Intelligence and Antelliq Corporation.

New York, Sept. 12, 2022 (GLOBE NEWSWIRE) -- announces the release of the report "Livestock Monitoring Global Market Report 2022" -

The global livestock monitoring market is expected to grow from $2.41 billion in 2021 to $2.76 billion in 2022 at a compound annual growth rate (CAGR) of 14.60%. The livestock monitoring market is expected to grow to $5.18 billion in 2026 at a compound annual growth rate (CAGR) of 17.03%.

The livestock monitoring market consists of sales of livestock monitoring system by entities (organizations, partnerships, and sole proprietors) that is used to keep a check on farm animals remotely.Livestock monitoring system tracks and monitors the activities such as eating, drinking, resting, fertility, temperature, and movement patterns of farm animals such as cattle.

This tracking system helps identify any issues faced by the livestock before they escalate and causes harm to them. Various tools and technologies used in livestock monitoring include a camera, microphones, thermometers, accelerometers, IoT, machine learning, deep vision, and others.

The main types of livestock in the livestock monitoring market are cattle, poultry, swine, equine and others.The cattle livestock monitoring solutions used for monitoring a group of animals including cows, and buffalos.

Livestock monitoring uses sensor technology to monitor and ensure the safety of cattle. Livestock monitoring is offered through hardware, software and services and have application in milk harvesting management, heat detection monitoring, feeding management, heat stress management, health monitoring management and sorting and weighing management.

North America was the largest region in the livestock monitoring market in 2021. The regions covered in the livestock monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The livestock monitoring market research report is one of a series of new reports that provides livestock monitoring market statistics, including livestock monitoring industry global market size, regional shares, competitors with a livestock monitoring market share, detailed livestock monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the livestock monitoring industry. This livestock monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increasing focus on early disease detection and real-time monitoring in livestock is expected to significantly drive the growth of the livestock monitoring market.The focus on real-time monitoring and early disease detection are crucial for providing proper care for the animals and helping maintain the animal’s good health.

With sensor technologies aids in real-time tracking and monitoring any issues in livestock can be identified so that they can be rectified as early as possible. For instance, according to the data by the Department of Animal Husbandry and Dairying, an Indian government department, from January 2019 to June 2019, the infectious bursal disease (I.B.D) caused the death of 877 livestock. Ranikhet, an acute, infectious, and highly contagious sickness caused the death of 345 livestock. Whereas, 196 livestock died of Rabies, a disease that spreads through the saliva of infected animals. Hence, the increasing focus on real-time monitoring and early detection of diseases will propel the growth of the livestock monitoring market.

Technological advancement such as heard management systems is a key trend gaining popularity in the livestock monitoring market.Farmers can keep their cows fresh and healthy by using herd management systems.

The herd management system is an advanced system with a single tag that uses software modules to analyze the real-time behavior of livestock.These devices allow farmers to increase milk output while never overworking the cow.

It is a less invasive method of keeping track of cows, as it does not need branding or more tagging.For instance, in December 2020, BouMatic, a US-based milking technologies company released an upgraded management system for its Gemini milking robot named OneView.

This comprehensive Gemini milking robot management system converts all robot, cow, and herd performance data into easy-to-use tools and graphs to present all data. This system includes sensors that provide data such as milk flow, somatic cell count, color, and conductivity in real-time to monitor and increase productivity.

In February 2021, Merck Animal Health, a US-based company and an animal health division of Merck & Co Inc., acquired Poultry Sense Limited, for an undisclosed amount. Through this acquisition, Merck Animal Health intends to enhance its portfolio with complementary products and technology to improve animal well-being and outcomes. Poultry Sense Limited is a UK-based company that offers hardware and software technology solutions for bird health and welfare.

The countries covered in the livestock monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
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