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Livestock Monitoring Market To Reflect Steady Growth Rate By 2027 With COVID-19 Implications For The Future $11.5 Billion Industry | Grand View Research, Inc.

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Livestock Monitoring Market To Reflect Steady Growth Rate By 2027 With COVID-19 Implications For The Future $11.5 Billion Industry | Grand View Research, Inc.

April 30
01:48 2021
Livestock Monitoring Market To Reflect Steady Growth Rate By 2027 With COVID-19 Implications For The Future $11.5 Billion Industry | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to recent report published by Grand View Research Inc., the COVID-19 pandemic disrupted the service industry and listed out mandate reforms. The livestock industry has witnessed long-lasting effects on the poultry.

The global livestock monitoring market size is anticipated to value at USD 11.5 Billion by 2027. The growth of the market can be attributed to upsurge in cattle population coupled with the growing adoption of livestock monitoring technology. Furthermore, these monitoring systems are gaining popularity as there is substantial cost-saving associated with livestock monitoring management.

The pig and poultry livestock industry is severely affected by the aftermath of COVID-19 restrictions. Amid the lockdown restrictions, the poultry industry registered decline in the demand in 2020. Also, consumer shift towards vegan diet is likely to contribute to the declining demand. Likely, the shift in consumption pattern in consumers has been the significant factor to boost vegetarianism in the population. On the other hand, the wave of pandemic has severely led to consequences in the retail market. For example, owing to the low demand, several supermarkets prefer seafood products over poultry items. 

Livestock Monitoring Market Report Highlights

 The cattle segment is expected to witness a CAGR of more than 15.0% over the forecast period owing to the rising demand for beef and dairy products

The software segment dominated the market with a revenue share of around 38.1% in 2019. This is because software has promoted interoperability between different data management systems and ultimately added value for customers

The feeding management segment accounted for the largest revenue share of 27.0% in 2019. This can be attributed to high demand for feeding management to monitor the food intake of the animal

Due to the presence of well-established companies and technologically advanced infrastructure, North America dominated the market as of 2019 with a revenue share of 31.0%

However, in Asia Pacific, the market is anticipated to witness the fastest growth rate during the forecast period owing to high potential and rapidly growing markets of India, Japan, China, in this region

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Livestock Monitoring Market Segmentation

Grand View Research has segmented the global livestock monitoring market on the basis of animal type, component, application, and region:

Livestock Monitoring Animal Type Outlook (Revenue, USD Million, 2016 – 2027)

     Cattle
     Poultry
     Swine
     Equine
     Others

Livestock Monitoring Component Outlook (Revenue, USD Million, 2016 – 2027)

     Hardware
        • Sensors
        • GPS
        • Others
    • Software
        • On-cloud
        • On-premise
    • Services
        • Integration & development
        • Maintenance & Support
        • Others

Livestock Monitoring Application Outlook (Revenue, USD Million, 2016 – 2027)

     Milk Harvesting
     Breeding Management
     Feeding Management
     Animal Health Monitoring & Comfort
     Heat Stress
     Behavior Monitoring
     Others

Livestock Monitoring Regional Outlook (Revenue, USD Million, 2016 – 2027)

     North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • Spain
        • Italy
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
        • Argentina
    • Middle East & Africa
        • Saudi Arabia
        • South Africa

List of Key Players of Livestock Monitoring Market

     DeLaval Inc.
    • GEA Group Aktiengesellschaft
     Afimilk Ltd.
     Sensaphone
    • BouMatic
     MSD Animal Health
     Dairymaster
    • Fancom BV

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/7118/ibb

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/livestock-monitoring-market