Precision Livestock Farming Market Size in 2023 To 2029 | DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), Lely International (Netherlands),Dairymaster (Ireland), Livestock Improvement Cor

The report offers a detailed measurement of the drivers, development, and prospects that have a direct impact on the Precision Livestock Farming market. The market study contains an in-depth analysis of the international Precision Livestock Farming Market based on the key boundaries that take in the drives, sales inquiry, market limits & share. The report further highlights assessing the market size of four key regions, namely North America, Europe, Asia-Pacific, and Rest of World.

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

The research study is considered to guide the readers with an intensive valuation of the current industry trends and breakdown. The report spans the global Precision Livestock Farming market research data of different companies, benefits, gross margin, calculated decisions of the worldwide market, and more through tables, charts, and infographics. Other significant aspects studied in this report include demand and supply dynamics, import & export scenarios, R&D development activities, industry developments, and cost structures. In addition, consumption demand and supply figures, cost of production, and selling price of products are also estimated in this report.

This report will help new entrants or stakeholders to acknowledge the complete market dynamics. Precision Livestock Farming market report examines the competitive scenario along with the future market landscape with the help of various restrictions such as Porter's five forces and parent/peer market. Consider the portfolios of the key market players working in the market united with the complete detailed study of the products and services they offer. This report will help readers understand the impact of government rules during the Covid-19 pandemic and estimate the market throughout the global pandemic. The Global Precision Livestock Farming Market also spotlights the main players working in the sector. Their product portfolio, business policies, company profiles, and revenue share are also thoroughly described in the report. In the end, the study defines the strategies such as partnership, development, collaboration, joint projects, and others executed by the leaders to enhance their status in the sector.

Surging implementation of IoT- and AI-enabled devices for livestock monitoring along with an increasing focus on real-time monitoring and early disease detection of livestock to drive the growth for the precision livestock farming market.

The precision livestock farming market is estimated to be USD 6.9 billion in 2023 and projected to reach USD 11.2 billion by 2028, at a CAGR of 10.2%. Increasing need for optimization of dairy and poultry farms and the growing demand for livestock products are the primary drivers for the growth of the precision livestock farming market. Furthermore, increase in the number of dairy farms and rise in the adoption of livestock farming products in developing countries are expected to create opportunities for technology providers in this market. On the other hand, high initial investment, and lack of technological awareness among farmers are expected to restrain the growth of the precision livestock farming market during the forecast period.

The market for poultry monitoring and robotic systems to witness highest CAGR during the forecast period

The poultry monitoring and robotic systems segment is expected to witness the highest growth rate during the forecast period. Robotics is still at a nascent stage in poultry farms, with only a few players catering to the poultry segment. However, this segment is expected to grow at a substantial pace in the near future. Companies such as Farm Automation and Robotics SL (Faromatics), Octopus Biosafety, MSD Animal Health, and Tibot have significantly contributed to poultry farm robotics by introducing innovative products. Poultry monitoring and robotic systems have witnessed steady demand over the last few years due to rising labor costs and efforts to improve poultry farm operations. In poultry farms, advanced camera systems and smart sensors are used to detect the activity of birds, stress among flocks, and monitor the growth of birds. Robotic systems are also being increasingly used for monitoring purposes that provide farm-related information in real-time to farm operators for better decision-making.

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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, software, and services), system type (milking robotic systems, precision feeding systems, livestock monitoring 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).

Reasons to Buy the Report:

Analysis of key drivers (Implementation of IoT-and AI-enabled devices for livestock monitoring, transition from precision livestock farming to decision livestock farming, surging labor costs and rising demand for automation in livestock industry, growing demand for protein and dairy products, supporting government policies and incentive programs promoting dairy farm mechanization), restraints (High upfront cost and marginal return on investment, lack of technological awareness among livestock farmers, availability of plant-based alternative products for dairy milk), opportunities (increasing adoption of livestock monitoring technology in developing countries, increasing number of dairy, poultry and swine farms, growing popularity of poultry robots and BSC smart cameras), and challenges (global warming and other environmental concerns, emergence & re-emergence of diseases and environmental concerns) influencing the growth of the precision livestock farming market

This release was published on openPR.