The precision livestock farming market is estimated to be worth USD 3.1 billion in 2020 and projected to reach USD 4.8 billion by 2025, at a CAGR of 9.0%

The precision livestock farming market has a promising growth potential owing to several factors such as the implementation of IoT- and AI-enabled devices for livestock monitoring, surging labor costs and rising demand for automation in livestock industry, increasing focus on real-time monitoring and early disease detection, and growing demand for protein and dairy products have become the prominent factors for the growth of the precision livestock farming market globally.

New York, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Precision Livestock Farming Market with COVID-19 Impact Analysis by System Type, Application, Offering, Farm Type, Farm Size And Geography - Global Forecast to 2025" - https://www.reportlinker.com/p05812010/?utm_source=GNW


The market for poultry monitoring and robotic systems could grow at the highest CAGR during the forecast period
The demand for poultry monitoring and robotic systems could show a high growth in the precision livestock farming market.The major factor driving this growth is the increasing awareness among the poultry farm owners towards the technology adoption for poultry farming.

The real-time monitoring of poultry birds enables the farm owners to detect abnormal behavior, stress, disease, and several other parameters. A number of precision livestock farming technology companies exist in the market that provide integrated solutions to monitor poultry farms and enables farmers to optimize the livestock farming operation by timely actions.

The market for hardware is estimated to account for the largest share between 2020 and 2025 in precision livestock farming market
The precision livestock market for hardware is expected to flourish at a significant growth rate and is estimated to hold the dominant position during the forecast period.Hardware components, sensors, devices, and equipment are increasingly being adopted in livestock farming for several applications.

Moreover the demand for the milking robotic systems, precision feeding systems, RFID tags, camera systems is increasing among several livestock farms like dairy, poultry, swine and several others.

The market for livestock health and behavior monitoring application is estimated to grow at highest CAGR from 2020 to 2025
The precision livestock farming market for the livestock health and behavior monitoring application is expected to grow at the highest CAGR during the forecast period.The livestock health has been infocus since the past several years among the livestock farmers and other stake holders.

The rising diseases among them is the very reason for such a high attention towards livestock health monitoring. Moreover the COVID-19 pandemic has resulted in creating a demand for the safe food where the source of the food can be traced back to the farm.
Precision livestock farming market in the APAC region is expected to witness a robust growth during 2020-2025

The developingcountries in the region is accelerating the demand for the precion livestock farming technology as the deployment of RFID tags, camera systems and other livestock monitoring devices is on the rise. Morevoer the rising geriatric population in the countriues like Japan and South Korea has put a stress on the labor force to work on the farms which has led to the adoption of milking robotic systems and precision feeding systems in the livestock farms.

The breakup of primaries conducted during the study is depicted below:
• By Company Type: Tier 1 – 35 %, Tier 2 – 40%, and Tier 3 –25%
• By Designation: C-Level Executives – 57%, Directors – 29%, and Others – 14%
• By Region: Americas– 40%, Europe – 20%, APAC – 30%, and RoW – 10%

The major players in the precision livestock farming market are DeLaval (Sweden), Allflex (Israel), GEA Farm Technology (Germany), Afimlik (Israel), BouMatic (US), Lely International (Netherlands), Dairymaster (Ireland), Livestock Improvement Corporation (New Zealand), Fancom (Netherlands), Fullwood Packo (UK).

Research Coverage
The report segments the precision livestock farming market and forecasts its size, by volume and value, based on region (Americas, Europe, Asia Pacific, and RoW), offering (hardware, softwar and services), system type (milking robotic systems, precision feeding systems, livestock identification, monitoring and tracking systems, and poultry monitoring and robotic systems), farm type (dairy farms, swine farms, poultry farms, others (equine and bovine farms), farm size (small farms, mid-sized farms, large farms), and application (milk harvesting, feeding management, livestock health and behavior monitoring and others (Calf Management, Genetic Management, Cattle Sorting, Data Analysis, and Financial Management).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the precision livestock farming market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying This Report
• This report includes the market statistics pertaining to offering, system type, farm type, farm size, application and region
• An in-depth value chain analysis has been done to provide deep insight into the precision livestock farming market.
• Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
• The report includes an in-depth analysis and ranking of key players.

Read the full report: https://www.reportlinker.com/p05812010/?utm_source=GNW

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