The global demand for Precision Livestock Farming Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Precision livestock farming is an advanced technology that facilitates individual animals to be observed and monitored more closely on the farm that stay to upscale the size of their operation. The primary purpose of precision livestock farming is to upsurge the efficiency of animal health and welfare and the environmental impact of livestock production. Precision feeding systems, precision milking robots, and identification & tracking are various technologies used in the precision livestock farming market. Sensors and RFID tags help track farm animals and detect lameness signs, allowing farmers to take proper actions. These devices also send real-time data to farmers via many modes like text messages, mobile apps, or voice mails.
Market Dynamics
The market is mainly driven by the rising demand for dairy products and the growing preference for protein-rich food. In addition to this, the increasing consumption of animal-based protein across the globe, coupled with the rising global population, drives the growth of the market. Besides, farmers are consistently focusing on increasing the overall quantity of the product by selecting the latest livestock improvement processes. In addition to this, a rising preference for automated milk harvesting systems and the accelerating use of precision feeding systems is likely to drive the market. However, high initial cost and strict government regulation and trade barriers may hinder the growth of the market.
The research 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 an inclusive assessment of each segment in the global market of precision livestock farming. The growth and trends of precision livestock farming industry provide a holistic approach to this study.
Market Segmentation
This section of the precision livestock farming market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Offering
- Hardware
- Software
- Services
By System Type
- Milking Robotics Systems
- Precision Feeding Systems
- Livestock Identification, Monitoring and Tracking Systems
- Poultry Monitoring and Robotic Systems
By Application
- Milk Harvesting
- Feeding Management
- Livestock Health and Behavior Monitoring
- Others (Calf Management, Genetic Management, Cattle Sorting, Data Analysis, and Financial Management)
By Farm Type
- Dairy Farms
- Swine Farms
- Poultry Farms
- Others (Equine and Bovine Farms)
By Farm Size
- Small Farms
- Mid-sized Farms
- Large Farms
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Precision Livestock Farming market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Precision Livestock Farming Market Share by Region (Representative Graph)
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 precision livestock farming market include DeLaval, Allflex, GEA Farm Technology, Afimilk, and BouMatic. This section consists of 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.
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