The global demand for Electronic Ear Tags Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
An ear tag is a plastic or metal gadget used to identify domestic livestock and other animals. If the ear tag uses RFID technology, it is considered an electronic ear tag or smart ear tag. Although there are various ear tags, the principal types in current use are flag-shaped ear tags, button-shaped ear tags, plastic clip ear tags, Metal ear tags, and Electronic identification tags. The smart ear tag delivers GPS location, health, and welfare monitoring, and theft detection. The electronic ear tag enables access to real-time data about the location, welfare, and behavior of individual animals remotely and detects the position of the paddocks their cattle are grazing on. The data collected via the smart tags will be available through an open platform, which means farmers would not need any additional infrastructure to benefit the system. Smart ear tags also help monitor the temperature and activity patterns of these animals, and at the end of the day, they come to a determination if they are healthy or sick.
The market is mainly driven by increasing farmers' preference for smart ear tags to monitor these animals temperature, and activity patterns are a crucial factor driving the growth of the electronic ear tags market. The upsurge in the occurrences of chronic diseases in livestock has led to a rising need for regular monitoring of livestock, which booster the demand for electronic ear tags. Further, growing technological advancement with the increasing use of GPS techniques in the smart tag is also driving the growth of the target market. Moreover, electronic tags require less power to store and exchange information, fueling the market growth. However, the low adoption of smart tags technology is in developing countries, owing to its high cost, which is further expected to hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electronic ear tags.
The entire electronic ear tags market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Endangered Animals
This section covers regional segmentation which accentuates on current and future demand for electronic ear tags market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Electronic Ear Tags Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electronic ear tags market include Smartrac, Smart Cattle, HerdDogg, SMARTBOW, Vox Telecom, Ceres Tag, Afimilk, mOOvement, Fitbit, SCR Dairy. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.