The latest report by IMARC Group, titled “Europe Livestock Monitoring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“. The Europe livestock monitoring market size reached US$ 721.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,395.2 Million by 2032, exhibiting a growth rate (CAGR) of 18.78% during 2024-2032.
Livestock monitoring is the practice of using technology and data-driven approaches to track and manage the health, well-being, and productivity of livestock animals, such as cattle, sheep, goats, and poultry, in agricultural and farming operations. This process involves the continuous collection of data on various aspects of the animals’ lives, including their behavior, physical condition, and environmental factors that affect them. Key components of livestock monitoring systems include sensors, such as GPS trackers, accelerometers, temperature sensors, and RFID tags, which are attached to or implanted in the animals. These sensors transmit real-time data to a central monitoring system, allowing farmers and ranchers to assess factors like animal location, activity levels, body temperature, and feeding patterns. Livestock monitoring offers numerous benefits, including improved animal health management, early disease detection, enhanced breeding practices, and higher efficiency in resource utilization, such as feed and water. At present, livestock monitoring finds extensive applications in modern agriculture across Europe as it improves animal welfare, optimizes production, and enhances overall farm management.
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Europe Livestock Monitoring Market Trends and Drivers:
The Europe livestock monitoring market is primarily driven by the growing emphasis on animal health and welfare and the escalating need for efficient livestock management practices. Farmers and ranchers are adopting livestock monitoring technologies to track animal health, improve breeding practices, and optimize feeding regimens. Apart from this, the increasing awareness of the benefits of data-driven decision-making in agriculture has accelerated the adoption of livestock monitoring systems as they offer real-time data on animal behavior, health parameters, and environmental conditions, enabling better-informed decisions for improved productivity and sustainability. Moreover, several favorable government initiatives and regulations regarding livestock traceability, food safety, and animal welfare have fueled the adoption of monitoring technologies for compliance and transparency, thereby fostering market growth. Furthermore, ongoing advancements in sensor technology, wireless communication, and data analytics that make these solutions more accessible and cost-effective for European farmers are contributing to market growth.
The report has segmented the market into the following categories:
Breakup by Offering:
- Installation & Deployment Services
- Maintenance & Support
Breakup by Application:
- Milk Harvesting Management
- Breeding Management
- Feeding Management
- Heat Stress Management
- Animal Comfort Management
- Behavioural Monitoring & Control
Breakup by Species:
Breakup by Farm Type:
- Small Farms
- Medium Farms
- Large Farms
Breakup by Country:
- United Kingdom
Competitors Landscape with Key Players:
- Afimilk Agricultural Cooperative Ltd
- BouMatic Robotics B.V.
- DeLaval International AB (Tetra Laval International S.A.)
- Fancom B.V. (Berkshire Hathaway Inc.)
- Fullwood Packo Ltd
- GEA Group Aktiengesellschaft
- MSD Animal Health (Merck & Co. Inc.)
- Nedap N.V.
- Sum-It Computer Systems Ltd.
Explore Full Report with TOC: https://www.imarcgroup.com/europe-livestock-monitoring-market
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