Global Precision Livestock Farming
Market Report
2024
Precision Livestock Farming Market size is USD 7.9 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 10.20% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global precision livestock farming market size is USD 7.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Precision Livestock Farming Market Sales Revenue 2024 | $ 7.9 Billion |
Global Precision Livestock Farming Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.2% |
Market Split by Offering |
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Market Split by System Type |
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Market Split by Farm Size |
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Market Split by Application |
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Market Split by Farm Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Precision Livestock Farming industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Precision Livestock Farming Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Precision livestock farming is a smart method that allows producers to keep a close eye on specific animals as they expand their operations. Maximizing animal well-being and health while decreasing livestock production's negative effects on the environment are the key goals of precision livestock farming. The Precision Livestock Farming Industry typically makes use of technologies such as identification and tracking systems, robotic milking systems, and precision feeding systems. Precision milking robots, precision feeding systems, and identification and tracking are distinct sorts of technology that have extensive applications in the precision livestock farming industry.
Increasing Demand for Automated Milk- One driver that could propel the Precision Livestock Farming Market forward is the increasing demand for automated milk harvesting systems and precision feeding applications. A greater number of robots and simulated data will likely be integrated into farming as a result of innovative technologies like the Internet of Things and cloud computing, which are expected to enhance growth. The use of big data for livestock monitoring is a prominent trend in the Precision Livestock Farming Market. The increasing use of advanced technology in emerging countries is expected to drive the need for Precision Livestock Farming (PLF).
Market expansion is being hindered by a number of issues, such as farmers' inexperience with technology, low effective profits from expenditure, and expensive initial investment costs. The stringent government regulations and trade barriers are anticipated to hinder the industry.
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In March 2024, GEA will present NiSoMate, a sensor-based solution for homogenization process product control. Consistent and high-quality liquids are evaluated in real-time using in-line analysis. Direct adjustment of system performance, such as homogenization pressure, achieves more efficient use of energy in manufacturing. Implementing this novel sensor technology allows for substantial time savings compared to standard sample methods.
(Source:https://www.gea.com/en/news/trade-press/2024/product-monitoring-nisomate/)
Top Companies Market Share in Precision Livestock Farming Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the precision livestock farming market because of the growing emphasis on continuous surveillance and swift illness recognition in this area, an increasing need for robotics in the cattle business, and the skyrocketing prices of employment.
Asia-Pacific stands out as the fastest-growing region in the precision livestock farming market because of the growing interest in industry-leading technologies. Furthermore, robotic milking systems and precision feeding systems have been implemented in animal farms due to the increased demand for farm labor caused by the aging populations in the countries.
The current report Scope analyzes Precision Livestock Farming Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Precision Livestock Farming Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Precision Livestock Farming Industry growth. Precision Livestock Farming market has been segmented with the help of its Offering, System Type Farm Size, and others. Precision Livestock Farming market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Precision Livestock Farming market.
Offering of Precision Livestock Farming analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Precision Livestock Farming Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Precision Livestock Farming from 2019 to 2031. This will also help to analyze the demand for Precision Livestock Farming across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key System Type of Precision Livestock Farming are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Precision Livestock Farming market report 2024 Edition by contacting our team.
According to cognitive market research, Diary farms are the dominant category. The rising use of precision animal farming technologies on dairy farms is largely responsible for this. The main reasons for this trend's emergence are the increasing global demand for high-quality dairy products, the necessity of more streamlined methods of milk production, and better control of animal health. Precision livestock farming technology enables optimal environmental conditions, precise monitoring of animal health, and feed management optimization in dairy farms.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Precision Livestock Farming Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Precision Livestock Farming Market and is projected to experience significant growth in the near future.
The Milking Robotic Systems segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies DeLaval (Sweden) , GEA Farm Technology (GEA Group) (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Offering | Hardware, Software, Services |
System Type | Milking Robotic Systems, Precision Feeding Systems, Livestock Monitoring Systems, Poultry Monitoring and Robotic Systems |
Farm Size | Small, Mid-sized, Large |
Application | Milk harvesting, Feeding Management, Livestock Health and Behaviour Monitoring, Others |
Farm Type | Dairy Farms, Swine Farms, Poultry Farms, Others |
List of Competitors | DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), Lely International (Netherlands) |
This chapter will help you gain GLOBAL Market Analysis of Precision Livestock Farming. Further deep in this chapter, you will be able to review Global Precision Livestock Farming Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Precision Livestock Farming Market Trends North America Precision Livestock Farming Technological Road Map North America Precision Livestock Farming Market Drivers North America Precision Livestock Farming Market Restraints North America Precision Livestock Farming Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Offering Analysis 2019 -2031, will provide market size split by Offering. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Offering Analysis 2019 -2031
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Chapter 11 Market Split by System Type Analysis 2019 -2031
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Chapter 12 Market Split by Farm Size Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
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Chapter 14 Market Split by Farm Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Precision Livestock Farming market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Precision Livestock Farming market? |
What are the key factors affecting the Hardware and Software of Precision Livestock Farming Market? |
What is the CAGR/Growth Rate of Milking Robotic Systems during the forecast period? |
By type, which segment accounted for largest share of the global Precision Livestock Farming Market? |
Which region is expected to dominate the global Precision Livestock Farming Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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