Livestock Monitoring Market projected to reach USD 6.40 billion by 2032, driven by smart farming tech
From GlobeNewswire: 2025-03-07 09:30:00
The Livestock Monitoring Market was valued at USD 2.78 Billion in 2023 and is projected to reach USD 6.40 Billion by 2032, with a CAGR of 9.75% from 2024-2032. The market growth is driven by the rising adoption of smart technologies on farms, including IoT-based sensors, AI analysis, and automated tools for monitoring livestock health, movement, and productivity.
Hardware dominates the Livestock Monitoring Market, capturing 40.7% of the market in 2023, while software is expected to experience the highest CAGR between 2024-2032 due to increased demand for data analytics and AI-driven decision-making. Hardware solutions like RFID tags, wearables, and automated milking units play a crucial role in gathering real-time information on livestock.
The bovine segment led the Livestock Monitoring Market with 48.2% market share in 2023, driven by the economic significance of dairy and beef cattle rearing. Poultry is expected to be the fastest-growing segment from 2024-2032, with increasing adoption of AI-driven disease detection and precision feeding solutions for more efficient poultry farming.
Milking management held the largest market share of 21.7% in 2023, with a growing demand for automated milking technology in dairy farms. Behavioral monitoring is poised for rapid growth from 2024-2032 due to the focus on animal well-being and early disease identification through AI-driven tracking systems and predictive analytics.
North America dominated the Livestock Monitoring Market in 2023 with a 30.4% share, driven by the high adoption of precision livestock farming technologies. Asia-Pacific is expected to be the fastest-growing region from 2024-2032, with increasing consumption of dairy and meat products and investment in intelligent farm technologies.
In December 2024, DeLaval introduced the Milking Automation (MA) Series to improve milking efficiency in dairy farms. With a detailed market analysis and outlook report available, the Livestock Monitoring Market offers opportunities for growth through automation, precision farming, and advanced disease detection solutions.
Read more at GlobeNewswire: Livestock Monitoring Market Size to Surpass USD 6.40