Home / Press Release / Global Livestock Monitoring Market Garnered US$ 1.39 Bn in the year 2018

Global Livestock Monitoring Market Garnered US$ 1.39 Bn in the year 2018

According to a new market research report published by Credence Research, “Livestock Monitoring Market - Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the livestock monitoring market was valued at US$ 1.39 Bn in the year 2018 and expected to reach US$ 3.45 Bn by the year 2027, expanding at a CAGR of 10.7% during the forecast from 2019 to 2027.

Market Insights

"Rising Penetration of Sensor Technology expected to boost the demand for Livestock Monitoring during the Forecast Period"

The demand for meat is growing every year, while the requirements for quality and food safety are constantly rising as well. With the livestock industry continuously evolving, farms face the challenge of constantly making production more efficient, effective and sustainable. The care and management of individual animals as well as the management of their productivity are becoming more and more demanding.

A tracking system helps livestock producers overcome the challenges of scale increases while ensuring their animals’ well-being. Instead of relying solely on farmers' senses and knowledge, on-site tracking sensors can provide reliable data about the location and physical condition of the animals. Whether the farmer is concerned with automatic feeding, sorting and separating, or weighing – all of the information needed for managing the animals individually is available in real time.

The global livestock monitoring market is a fragmented market with the presence of large number of small and large players.

Industrial Developments

Key Market Movements:

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/livestock-monitoring-market

The Global Livestock Monitoring Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 By Offering Segment (2017–2027; US$ Bn)

 By Farm Type Segment (2017–2027; US$ Bn)

 By Livestock Type Segment (2017–2027; US$ Bn)

 By Application Segment (2017–2027; US$ Bn)

 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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