Livestock Monitoring Market – Global Forecast to 2026: Milk Harvesting, Feeding, Breeding, Behavior Monitoring & Control – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Livestock Monitoring Market with COVID-19 Impact Analysis by Offering, Livestock Type, Application (Milk Harvesting, Feeding, Breeding, Behavior Monitoring & Control), Farm Size, Application, Geography – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The overall livestock monitoring market is expected to grow from USD 1.4 billion in 2021 to USD 2.3 billion by 2026; it is expected to grow at a CAGR of 10.4% during 2021-2026.
Key factors fueling this market’s growth include livestock monitoring and disease detection; increasing adoption of IoT and AI by dairy farmers; and substantial cost-saving associated with livestock monitoring management industry.
Growing population of cattle with increasing dairy farms and increasing adoption of livestock monitoring technology in developing countries create a strong demand for livestock monitoring in the midst of COVID-19. However, high technological cost and limited technical knowledge and skills of farmers restrains the market growth.
“Behavior Monitoring & Control application to hold largest share of livestock monitoring market by 2026”
The livestock monitoring market for behavior monitoring & control application is expected to hold the largest share during the forecast period, mainly due to the increasing adoption of hardware devices such as sensors, RFID tags & readers, and livestock RFID active collars for early detection of disease in livestock, management of herd, and identification and tracking of livestock.
Increasing awareness among owners regarding livestock monitoring technology along with the increasing popularity of software solutions for animal behavior and health monitoring is fueling market for this application.
“Europe to be largest market for livestock monitoring by 2026”
Europe is expected to hold the largest share of the livestock monitoring market during the forecast period. Europe is expected to offer a huge platform for potential growth of the livestock monitoring market. The already existing infrastructure of modern telecommunication offers great potential for the growth of the livestock monitoring market in Europe.
Major Players Profiled:
- GEA Farm Technologies (Germany)
- DeLaval (Sweden)
- Afimilk Ltd. (Israel)
- BouMatic, LLC (US)
- Merck Animal Health (US)
- Dairymaster Ltd. (Ireland)
- Lely International NV (Netherlands)
- Fancom BV (Netherlands)
- Fullwood Packo Ltd. (UK)
- Nedap NV (Netherlands)
For more information about this report visit https://www.researchandmarkets.com/r/t8ai3l
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
