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Precision Livestock Farming Market was valued at USD 2,830 Million in 2019 and expected to grow at 8.7% CAGR over the forecast period.

Introduction of the Precision Livestock Farming Market Report

Precision livestock farming is a method used to manage individual animals by continuous real-time monitoring and control of production. The main purpose of precision livestock farming is to improve the efficiency of production of animal health and welfare and the environmental impact of livestock production. Precision feeding systems, precision milking robots, and identification & tracking are different types of technologies that are widely used in the precision livestock farming market. This method uses sensors combined with intelligent software for identifying the needs of the animals, which is why it is gaining traction in the market.

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Rising demand for dairy products, along with the growing preference for protein-rich food are the key factors which are supporting the precision livestock farming market. Increasing adoption of livestock farming robots and livestock monitoring devices will boost the growth of the global precision livestock farming market. Furthermore, the proper implementation of precision livestock farming helps in improving animal welfare, reducing greenhouse gas emission, decreasing illegal trading of livestock products, and enhancing the economic stability of rural areas. All these factors will further enhance the growth of the market. In addition to this, the better management practices, coupled with the increased production control, are some factors bolstering the growth of the precision livestock farming market. Even manufacturers are focusing on product innovation to attract more consumers, which will further boost the market in the upcoming years. However, the huge investment and lack of technological awareness among farmers may hinder the global precision livestock farming market.

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Based on the Application, the milk harvesting segment is expected to dominate the global precision livestock farming market owing to the increasing demand for dairy products, along with the growing farmer focus towards increasing the milk yield. Moreover, the rising preference for automated milk harvesting systems and the rapid adoption of milking robots on dairy farms will further drive the growth of the Milk harvesting segment. This application helps to reduce the labor cost, improves milking efficiency, and can be used to maintain harvesting schedules for each animal. These factors will support the growth of the milk harvesting segment in the near future.

Based on Technology, the milking robots segment is projected to lead the market over the forecast period due to the increasing adoption of milking robots among dairy farms. In addition to this, milking robots are suitable for commercial and large dairy farming operations as compared to traditional techniques. It offers substantial labor cost saving over traditional milking techniques.

Based on the Offering, the hardware segment is expected to grow at a higher CAGR in the global Precision Livestock Farming market during the forecast period owing to the rising adoption of automation & control devices such as the robotics component, sensors, GPS, and RFID tags. The hardware segment is further segmented into Robotics Hardware, RFID Tags and Readers, Sensors, Cameras, GPS, and Others. RFID Tags & Readers segment is gaining traction during the forecast period due to the rapid adoption of low-frequency RFID tags for tracking and identification of livestock.

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Based on the region, Europe region is expected to dominate the global Precision Livestock Farming market due to the increased adoption of livestock farms across western Europe. In addition to this, the increasing demand for advanced technologies will further enhance the market growth in the Europe region.

Various notable players operating in the market include Delaval, Antelliq, GEA Group AG, Afimilk Ltd., Boumatic, LLC, Lely International N.V., Dairymaster, Fancom B.V., Fullwood Packo. Ltd, and Waikato Milking Systems Lp, among others.

The global Precision Livestock Farming market has been segmented on the basis of Application, Technology, Offering and regions. Based on Application, the market is segmented into Milk harvesting, Feeding Management, Livestock Behaviour & Health Monitoring and Others. Based on Technology, the market is segmented into Milking Robots, Precision Feeding Systems and Identification & Tracking. Based on Offering, the market is segmented into Hardware, Software and Services.

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Key questions answered in this research report:

• • At what pace is global Precision Livestock Farming market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Precision Livestock Farming market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Precision Livestock Farming market?
  • Which Application generated maximum revenues in 2019 and identify the most promising Application during the forecast period?
  • What are the various Technology areas of global Precision Livestock Farming market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Precision Livestock Farming Market by Application

• • Milk harvesting
  • Feeding Management
  • Livestock Behaviour and Health Monitoring
  • Others

Global Precision Livestock Farming Market by Technology

• • Milking Robots
    • Single-Stall Unit
    • Multi Stall Unit
    • Automated Milking Rotary
  • Precision Feeding Systems
  • Identification & Tracking

Global Precision Livestock Farming Market by Offering

• • Hardware
    • Robotics Hardware
    • RFID Tags and Readers
    • Sensors
      • Temperature Sensor
      • Accelerometer Sensor
      • Motion Sensor
      • Environmental Humidity Sensor
      • Others
    • Cameras
    • GPS
    • Others
  • Software
    • On-Cloud
    • On-Premise
  • Services
    • System Integration & Development
    • Managed Service
    • Maintenance & Support

Global Precision Livestock Farming Market by Region

• • North America Precision Livestock Farming Market (Option 1: As a part of the free 25% customization)
    • North America Precision Livestock Farming Market by Application
    • North America Precision Livestock Farming Market by Technology
    • North America Precision Livestock Farming Market by Offering
    • US Precision Livestock Farming Market All-Up
    • Canada Precision Livestock Farming Market All-Up
  • Europe Precision Livestock Farming Market (Option 2: As a part of the free 25% customization)
    • Europe Precision Livestock Farming Market by Application
    • Europe Precision Livestock Farming Market by Technology
    • Europe Precision Livestock Farming Market by Offering
    • UK Precision Livestock Farming Market All-Up
    • Germany Precision Livestock Farming Market All-Up
    • France Precision Livestock Farming Market All-Up
    • Spain Precision Livestock Farming Market All-Up
    • Rest of Europe Precision Livestock Farming Market All-Up
  • Asia-Pacific Precision Livestock Farming Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Precision Livestock Farming Market by Application
    • Asia-Pacific Precision Livestock Farming Market by Technology
    • Asia-Pacific Precision Livestock Farming Market by Offering
    • China Precision Livestock Farming Market All-Up
    • India Precision Livestock Farming Market All-Up
    • Japan Precision Livestock Farming Market All-Up
    • Rest of APAC Precision Livestock Farming Market All-Up
  • RoW Precision Livestock Farming Market (Option 4: As a part of the free 25% customization)
    • RoW Precision Livestock Farming Market by Application
    • RoW Precision Livestock Farming Market by Technology
    • RoW Precision Livestock Farming Market by Offering
    • Brazil Precision Livestock Farming Market All-Up
    • South Africa Precision Livestock Farming Market All-Up
    • Saudi Arabia Precision Livestock Farming Market All-Up
    • UAE Precision Livestock Farming Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Precision Livestock Farming Market All-Up

Major Players Operating the Precision Livestock Farming (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Delaval
  • Antelliq
  • GEA Group AG
  • Afimilk Ltd.
  • Boumatic, LLC
  • Lely International N.V.
  • Dairymaster
  • Fancom B.V.
  • Fullwood Packo. Ltd
  • Waikato Milking Systems Lp