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Precision Livestock Farming Market by Product (Hardware, Services, Software), Technology (Livestock Identification & Tracking, Milking Robots, Precision Feeding Systems), Deployment, Application - Global Forecast 2024-2030

Publisher 360iResearch
Published Jun 05, 2024
Length 189 Pages
SKU # IRE18856272

Description

Precision Livestock Farming Market by Product (Hardware, Services, Software), Technology (Livestock Identification & Tracking, Milking Robots, Precision Feeding Systems), Deployment, Application - Global Forecast 2024-2030


The Precision Livestock Farming Market size was estimated at USD 4.71 billion in 2023 and expected to reach USD 5.22 billion in 2024, at a CAGR 11.05% to reach USD 9.82 billion by 2030.

Precision Livestock Farming (PLF) represents a technologically infused approach to managing livestock, where continuous, automated animal monitoring optimizes both animal welfare and productivity. The impulse for adopting precision livestock farming is driven by a confluence of pressing needs, including a growing global demand for animal products, the imperative for sustainable agricultural practices, and heightened standards for animal welfare. The need for more sustainable and environmentally friendly farming practices has increased the demand for precision livestock farming solutions. In addition, stricter animal welfare standards are pushing farmers to adopt precision technologies. However, adopting PLF technologies often requires significant investment, which can be a barrier for smaller farmers. Moreover, the collection, analysis, and protection of large volumes of data is complex and requires specialized skills, further limiting the adoption of precision farming technologies. Nevertheless, innovations in sensor technologies that offer more detailed and real-time data on animal health and welfare have improved the efficiency of livestock farming. Vendors are investing in research and development to enhance the functionalities and cost-effectiveness of PLF technologies, creating positive prospects for the market.

Regional Insights

The Americas represent a significant market for precision livestock farming due to the advanced agricultural technologies and substantial investments in research and development. Higher labor costs and the pursuit of maximizing yield and efficiency fuel the adoption of PLF systems in the Americas. Consumers seek technologies that mitigate labor shortages and enhance productivity in the Americas. European Union (EU) countries are highly implementing precision livestock farming techniques, owing to stringent animal welfare regulations and a strong emphasis on reducing the environmental impact of livestock production. The rising awareness of livestock health and the need for sustainable practices drive the Middle East and Africa PLF initiatives. Large-scale livestock operations and investments to manage livestock health and productivity in the Asia-Pacific region are expanding the scope for precision livestock farming. Asia-Pacific consumers have a growing need for PLF technologies that can support large-scale operations, emphasizing disease control and yield improvement.

Market Insights
  • Market Dynamics

    The market dynamics represent an ever-changing landscape of the Precision Livestock Farming Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
    • Market Drivers
      • Increasing Demand for Protein, Food Traceability, and Food Safety
      • Increasing Number of Dairy Farms and Need for their Optimization
      • Significant Cost-Saving Associated with Livestock Monitoring Management
      • Market Restraints
        • Significant Investment and Limited Technology Awareness Among Dairy Farmers
        • Market Opportunities
          • Growing Adoption of Livestock Monitoring Technology in Developing Countries
          • Growing Adoption of IoT and AI in Dairy Farms
          • Market Challenges
            • High Trade Barriers and Stringent Regulations
            • Implementing Precision Livestock Farming Technologies
            • Market Segmentation Analysis
              • Product: Wide availability of hardware for precision livestock farming
              • Application: Emerging adoption of livestock behavior & health monitoring systems for precision livestock management
              • Market Disruption Analysis
              • Porter’s Five Forces Analysis
              • Value Chain & Critical Path Analysis
              • Pricing Analysis
              • Technology Analysis
              • Patent Analysis
              • Trade Analysis
              • Regulatory Framework Analysis
              FPNV Positioning Matrix

              The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Precision Livestock Farming Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

              Market Share Analysis

              The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Precision Livestock Farming Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

              Recent Developments
              • Precision Livestock Technologies Unveils AI-Based System

                Precision Livestock Technologies (PLT) unveiled an innovative feeding system infused with artificial intelligence poised to revolutionize cattle management. By meticulously analyzing a rich array of data, including cattle behavior, ration types, and environmental conditions, the AI-driven solution provides daily customized feeding recommendations, echoing the expertise of veteran feed professionals while introducing precision and efficiency.

                DeLaval Introduces New Approach to Large Herd Robotic Milking

                DeLaval unveiled its VMS Batch Milking system, an enhancement in robotic milking technology designed to elevate operational efficiency by minimizing labor. The new VMS Batch Milking method, now operative in over ten facilities globally and managing 10,000 cows, organizes cows into designated groups for efficient milking, a modern twist on traditional approaches such as parlor or rotary milking.

                TDSG, LLC Announces the Acquisition of Assets of Total Dairy Solutions

                TDSG, LLC, a subsidiary of Standard Nutrition Company (SNC), completed the acquisition of Total Dairy Solutions' (TDS) operations in Arizona, California, and Idaho. This strategic move enhances TDSG's presence in the western U.S. dairy sector and underscores its commitment to innovation and excellence. Under TDSG, the experienced team from TDS aims to carry on providing high-end products and services, leveraging a deep network of industry relationships.
              Strategy Analysis & Recommendation

              The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Precision Livestock Farming Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

              Key Company Profiles

              The report delves into recent significant developments in the Precision Livestock Farming Market, highlighting leading vendors and their innovative profiles. These include Afimilk Ltd., AGCO Corporation, BinSentry Inc., BouMatic, LLC, Dairymaster, DeLaval Group, Evonik Industries AG, Fancom BV by CTB, Inc., Farm4Trade SRL, Farmcontrol, FlyPard Analytics GmbH, Fullwood Ltd. by JOZ b.v., GEA Group, HID Global Corporation, Hokofarm Group BV, Lely International N.V., Merck & Co., Inc., Moocall Limited, Nedap N.V., Octopus Biosafety, Optifarm, Peacock Technology Ltd., Precision Livestock Technologies, Simple Ag Solutions, Inc., SomaDetect Inc., Trioliet B.V., VDL Agrotech B.V by VDL Groep, and Waikato Milking Systems NZ LP.

              Market Segmentation & Coverage

              This research report categorizes the Precision Livestock Farming Market to forecast the revenues and analyze trends in each of the following sub-markets:
              • Product
                • Hardware
                  • Cameras
                  • GPS
                  • RFID Tags & Readers
                  • Robotics Component
                  • Sensors
                    • Accelerometer Sensor
                    • Environmental Humidity Sensor
                    • Motion Sensor
                    • Temperature Sensor
                    • Services
                      • Maintenance & Support
                      • Managed Service
                      • System Integration & Deployment
                      • Software
                      • Technology
                        • Livestock Identification & Tracking
                        • Milking Robots
                          • Automated Milking Rotary
                          • Multistall Unit
                          • Single-Stall Unit
                          • Precision Feeding Systems
                          • Deployment
                            • On-Cloud
                            • On-Premise
                            • Application
                              • Feeding Management
                              • Livestock Behavior & Health Monitoring
                              • Milk Harvesting
                              • Region
                                • Americas
                                  • Argentina
                                  • Brazil
                                  • Canada
                                  • Mexico
                                  • United States
                                    • California
                                    • Florida
                                    • Illinois
                                    • New York
                                    • Ohio
                                    • Pennsylvania
                                    • Texas
                                    • Asia-Pacific
                                      • Australia
                                      • China
                                      • India
                                      • Indonesia
                                      • Japan
                                      • Malaysia
                                      • Philippines
                                      • Singapore
                                      • South Korea
                                      • Taiwan
                                      • Thailand
                                      • Vietnam
                                      • Europe, Middle East & Africa
                                        • Denmark
                                        • Egypt
                                        • Finland
                                        • France
                                        • Germany
                                        • Israel
                                        • Italy
                                        • Netherlands
                                        • Nigeria
                                        • Norway
                                        • Poland
                                        • Qatar
                                        • Russia
                                        • Saudi Arabia
                                        • South Africa
                                        • Spain
                                        • Sweden
                                        • Switzerland
                                        • Turkey
                                        • United Arab Emirates
                                        • United Kingdom


                                        Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

189 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Demand for Protein, Food Traceability, and Food Safety
5.1.1.2. Increasing Number of Dairy Farms and Need for their Optimization
5.1.1.3. Significant Cost-Saving Associated with Livestock Monitoring Management
5.1.2. Restraints
5.1.2.1. Significant Investment and Limited Technology Awareness Among Dairy Farmers
5.1.3. Opportunities
5.1.3.1. Growing Adoption of Livestock Monitoring Technology in Developing Countries
5.1.3.2. Growing Adoption of IoT and AI in Dairy Farms
5.1.4. Challenges
5.1.4.1. High Trade Barriers and Stringent Regulations
5.1.4.2. Implementing Precision Livestock Farming Technologies
5.2. Market Segmentation Analysis
5.2.1. Product: Wide availability of hardware for precision livestock farming
5.2.2. Application: Emerging adoption of livestock behavior & health monitoring systems for precision livestock management
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter’s Five Forces Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Bargaining Power of Customers
5.6.4. Bargaining Power of Suppliers
5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
5.9.1. Value Chain Analysis
5.9.2. Advent of AI and Blockchain in Livestock to Influence Market Expansion
5.9.3. Milking Robots and Feeding Robots to Mitigate Labor Shortage
6. Precision Livestock Farming Market, by Product
6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software
7. Precision Livestock Farming Market, by Technology
7.1. Introduction
7.2. Livestock Identification & Tracking
7.3. Milking Robots
7.4. Precision Feeding Systems
8. Precision Livestock Farming Market, by Deployment
8.1. Introduction
8.2. On-Cloud
8.3. On-Premise
9. Precision Livestock Farming Market, by Application
9.1. Introduction
9.2. Feeding Management
9.3. Livestock Behavior & Health Monitoring
9.4. Milk Harvesting
10. Americas Precision Livestock Farming Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Precision Livestock Farming Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Precision Livestock Farming Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. Precision Livestock Technologies Unveils AI-Based System
13.3.2. DeLaval Introduces New Approach to Large Herd Robotic Milking
13.3.3. TDSG, LLC Announces the Acquisition of Assets of Total Dairy Solutions
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio

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