The Livestock/Production Animal Digital Technology Market Size is valued at USD 4,876.6 Mn in 2023 and is predicted to reach USD 25,696.4 Mn by the year 2031 at an 23.8% CAGR during the forecast period for 2024-2031.
Livestock /Production Animal Digital Technology Livestock technology refers to the use of digital solutions in the stream of production to ensure health, productivity, and proper management. There are various applications, some being IoT-enabled sensors to monitor animal health in real time, feeding optimization using artificial intelligence, and data analytics platforms for informed decision-making. Farmers can monitor vital signs among animals, feed them automatically, monitor environmental conditions, and improve livestock welfare and farm operations.
Their applications range from the early detection of diseases through health monitoring to ensuring food safety with traceability systems in digitized food systems. The demand for this market is therefore fueled by the growth requirement for food security and sustainable agriculture. With changes in climate and resource scarcity threatening the old ways of farming, more digital solutions promise to enhance efficiency, improve the welfare of animals, and have more resilient agricultural systems.
The livestock/production animal digital technology market is segmented by product type, animal type, application, component. By product the market is segmented into monitoring devices, identification devices, trackers, wearables, remote sensors, digital cameras, microphones, environmental sensors. By animal type the market is segmented into cattle, pigs/swine, poultry, sheep and goats, others (aquaculture, etc.). By application the market is segmented into health monitoring, performance and production monitoring, nutrition and feeding, behavioral analysis. By component the market is segmented into hardware, software, and services.
The Monitoring Devices segment is a key driver in the Livestock/Production Animal Digital Technology market, revolutionizing livestock management through real-time health tracking, data collection, and operational efficiency. Examples are remote sensors and IoT-enabled wearables monitoring constant live measurements of body temperature, pulse rate, and activity levels for early detection of a health problem or disease prevention. The data collected from these machines help farmers analyze the behavior of livestock and environmental conditions and thereby optimize feeding practices, improve pasture management, and have timely interventions. This automation also further enhances animal welfare while improving farm efficiency due to reduced labor as well as healthier and more productive herds.
Health monitoring in the fast-growing Livestock/Production Animal Digital Technology market allows for more informed decision-making with actionable alerts when an animal's vital signs have gone off the normal range, therefore reducing the number of manual checks operators must perform and increasing their productivity in the herd. Early detection of health issues limits veterinary expenses when treated before they get worse, and interventions are therefore more cost-effective. Monitoring allows for better animal welfare as well, since insights into behavioral changes and stress enable optimized living conditions. But what this clearly indicates is that cloud technology facilitates the kind of centralized data management used in historical trend analysis and scalable solutions for farms of any size.
North America is a major shareholder in the Livestock/Production Animal Digital Technology market, primarily due to its advanced technological infrastructure, scale-up livestock operations, favorable regulations, and insistence on animal welfare. The region has established capacities for IoT, AI, and data analytics, and easy connectivity to streams of digital solutions in livestock farming. Large farms benefit from these technologies in terms of health monitoring and productivity optimization, but advanced government regulations over animal health and traceability encourage further demand for these technologies. Addition of heightened levels of consumer animal welfare awareness has led to more investments in better stock living conditions and safety standards for the process.
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 4,876.6 Mn |
|
Revenue Forecast In 2031 |
USD 25,696.4 Mn |
|
Growth Rate CAGR |
CAGR of 23.8 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product Type, Animal Type, Application, Component and By Region |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia |
|
Competitive Landscape |
Advanced Animal Diagnostics, Inc., SwineTech, Inc., Quantified Ag, VetNOW, BI X GmbH (Boehringer Ingelheim company), Smartbow (Zoetis Services LLC), IDEXX Laboratories, Inc., Covetrus, VetRadar, VETport LLC, Datamars, Afimilk Ltd. , Avid Identification Systems, Inc., BouMatic, Cowmanager, Crodeon Technologies BV, Dairymaster, DeLaval, Digital Matter, dol-sensors A/S, ENGS Systems, Fancom BV, Fullwood JOZ, GEA Group Aktiengesellschaft, HID Global Corporation, Intuz, Leader Products, Lely, Merck & Co., Inc., Moocall, Nedap Livestock Management, Nofence, Psiborg, Smartbow GmbH (Zoetis Services LLC), BovControl Inc., Connecterra, Cowlar, Dalton Tags, Gallagher Group Limited, GAO Group, HerdInsights, Hokofarm Group, Impinj, Inc. , Ketchum Manufacturing Inc., National Band & Tag Co., Omnia Technologies Pvt. Ltd., SafeTag, Semtech, Sensaphone |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Livestock/Production Animal Digital Technology Market Snapshot
Chapter 4. Global Livestock/Production Animal Digital Technology Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Livestock/Production Animal Digital Technology Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Livestock/Production Animal Digital Technology Industry Trends
Chapter 5. Livestock/Production Animal Digital Technology Market Segmentation 1: By Product Type, Estimates & Trend Analysis
5.1. Market Share by Product Type, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Product Type:
5.2.1. Identification Devices
5.2.2. Monitoring Devices
5.2.3. Wearables & Tracker
5.2.4. Remote Sensors
5.2.5. Others (Digital Cameras, Microphones, etc.)
Chapter 6. Livestock/Production Animal Digital Technology Market Segmentation 2: By Animal Type, Estimates & Trend Analysis
6.1. Market Share by Animal Type, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Animal Types:
6.2.1. Cattle
6.2.2. Pigs/Swine
6.2.3. Poultry
6.2.4. Sheep and Goats
6.2.5. Others (Aquaculture , etc.)
Chapter 7. Livestock/Production Animal Digital Technology Market Segmentation 3: By Application, Estimates & Trend Analysis
7.1. Market Share by Application, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Application:
7.2.1. Health Monitoring
7.2.2. Performance and Production Monitoring
7.2.3. Nutrition and Feeding
7.2.4. Behavioral Analysis
Chapter 8. Livestock/Production Animal Digital Technology Market Segmentation 4: By Component, Estimates & Trend Analysis
8.1. Market Share by Component, 2023 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Component:
8.2.1. Hardware
8.2.2. Software
8.2.3. Services
Chapter 9. Livestock/Production Animal Digital Technology Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. Global Livestock/Production Animal Digital Technology Market, Regional Snapshot 2023 & 2031
9.2. North America
9.2.1. North America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.2.1.1. US
9.2.1.2. Canada
9.2.2. North America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.2.3. North America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2024-2031
9.2.4. North America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.2.5. North America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
9.3. Europe
9.3.1. Europe Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.3.1.1. Germany
9.3.1.2. U.K.
9.3.1.3. France
9.3.1.4. Italy
9.3.1.5. Spain
9.3.1.6. Rest of Europe
9.3.2. Europe Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.3.3. Europe Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2024-2031
9.3.4. Europe Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.3.5. Europe Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
9.4. Asia Pacific
9.4.1. Asia Pacific Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.4.1.1. India
9.4.1.2. China
9.4.1.3. Japan
9.4.1.4. Australia
9.4.1.5. South Korea
9.4.1.6. Hong Kong
9.4.1.7. Southeast Asia
9.4.1.8. Rest of Asia Pacific
9.4.2. Asia Pacific Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.4.3. Asia Pacific Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2024-2031
9.4.4. Asia Pacific Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts By Application, 2024-2031
9.4.5. Asia Pacific Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
9.5. Latin America
9.5.1. Latin America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.5.1.1. Brazil
9.5.1.2. Mexico
9.5.1.3. Rest of Latin America
9.5.2. Latin America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.5.3. Latin America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2024-2031
9.5.4. Latin America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.5.5. Latin America Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
9.6. Middle East & Africa
9.6.1. Middle East & Africa Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
9.6.1.1. GCC Countries
9.6.1.2. Israel
9.6.1.3. South Africa
9.6.1.4. Rest of Middle East and Africa
9.6.2. Middle East & Africa Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.6.3. Middle East & Africa Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2024-2031
9.6.4. Middle East & Africa Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.6.5. Middle East & Africa Livestock/Production Animal Digital Technology Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Advanced Animal Diagnostics, Inc.
10.2.1.1. Business Overview
10.2.1.2. Key Product/Service Offerings
10.2.1.3. Financial Performance
10.2.1.4. Geographical Presence
10.2.1.5. Recent Developments with Business Strategy
10.2.2. SwineTech, Inc.
10.2.3. Quantified Ag
10.2.4. VetNOW
10.2.5. BI X GmbH (Boehringer Ingelheim company)
10.2.6. Smartbow (Zoetis Services LLC)
10.2.7. IDEXX Laboratories, Inc.
10.2.8. Covetrus
10.2.9. VetRadar
10.2.10. VETport LLC
10.2.11. Datamars
10.2.12. Afimilk Ltd.
10.2.13. Avid Identification Systems, Inc.
10.2.14. BouMatic
10.2.15. Cowmanager
10.2.16. Crodeon Technologies BV
10.2.17. Dairymaster
10.2.18. DeLaval
10.2.19. Digital Matter
10.2.20. dol-sensors A/S
10.2.21. ENGS Systems
10.2.22. Fancom BV
10.2.23. Fullwood JOZ
10.2.24. GEA Group Aktiengesellschaft
10.2.25. HID Global Corporation
10.2.26. Intuz
10.2.27. Leader Products.
10.2.28. Lely
10.2.29. Merck & Co., Inc.
10.2.30. Other Market Players
Livestock/Production Animal Digital Technology Market by Product Type-
Livestock/Production Animal Digital Technology Market by Animal Type-
Livestock/Production Animal Digital Technology Market by Application-
Livestock/Production Animal Digital Technology Market by Component-
Livestock/Production Animal Digital Technology Market by Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
