Livestock/Production Animal Digital Technology Market Size, Share & Trends Analysis Distribution by Product (Monitoring Devices, Identification Devices, Trackers, Wearables, Remote Sensors, Digital Cameras, Microphones, Environmental Sensors), Animal Type (Cattle, Pigs/Swine, Poultry, Sheep and Goats, Others (Aquaculture, etc.) Application, Component and Segment Forecasts, 2024-2031

Report Id: 2853 Pages: 165 Last Updated: 15 October 2024 Format: PDF / PPT / Excel / Power BI
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Segmentation of Livestock/Production Animal Digital Technology Market -

Livestock/Production Animal Digital Technology Market by Product Type-

  • Identification Devices
  • Monitoring Devices
  • Wearables & Tracker
  • Remote Sensors
  • Others (Digital Cameras, Microphones, etc.)

livestock

Livestock/Production Animal Digital Technology Market by Animal Type-

  • Cattle
  • Pigs/Swine
  • Poultry
  • Sheep and Goats
  • Others (Aquaculture, etc.)

Livestock/Production Animal Digital Technology Market by Application-

  • Health Monitoring
  • Performance and Production Monitoring
  • Nutrition and Feeding
  • Behavioral Analysis

Livestock/Production Animal Digital Technology Market by Component-

  • Hardware
  • Software
  • Services

Livestock/Production Animal Digital Technology Market by Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

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

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

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 ye

The Livestock/Production Animal Digital Technology Market is expected to grow at an 23.8% CAGR during the forecast period for 2024-2031.

Advanced Animal Diagnostics, Inc., SwineTech, Inc., Quantified Ag, VetNOW, BI X GmbH (Boehringer Ingelheim company), Smartbow (Zoetis Services LLC), I

The Livestock/Production Animal Digital Technology Market includes four segments Product Type, Animal Type, Application, Component?

North American region is leading the Livestock/Production Animal Digital Technology Market?

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