Precision Livestock Farming Market

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Precision Livestock Farming Market by System Type (Milking Robotic Systems, Precision Feeding Systems, Livestock Monitoring Systems), Application, Offering, Farm Type (Dairy, Swine, Poultry), Farm Size and Geography - Global Forecast to 2028

FREE BROCHURE FREE SAMPLE REPORT
Report Code: SE 7306 May, 2023, by marketsandmarkets.com

[286 Pages Report] The precision livestock farming market is estimated to be USD 6.9 billion in 2023 and projected to reach USD 11.2 billion by 2028, at a CAGR of 10.2%. Some of the major factors contributing towards growth of precision livestock farming market includes surging deployment of IoT- and AI-enabled devices on livestock farm, rising labor costs leading to automation in livestock industry, increasing focus on real-time monitoring and early disease detection, and growing demand for quality dairy products across the globe due to increasing awareness among consumers towards protein-rich diet and health consciousness.

Precision Livestock Farming Market

Precision Livestock Farming Market

Precision Livestock Farming Market Forecast to 2028

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Market Dynamics:

Driver: Surging labor costs and rising demand for automation in the livestock industry

Labor costs worldwide have been increasing perpetually, prompting farmers to substitute expensive labor with cost-efficient, advanced digital solutions for livestock farming. Western countries, especially in Europe, rely upon immigrant laborers from Eastern Europe for farming operations. Similarly, the North American region relies on migrant laborers from South American countries to work in their fields. According to the US Department of Agriculture (USDA the average wage paid to hired workers by farm operators in April 2022 was USD 17.22 per hour, which represented an increase of 8% from April 2021. Field workers received an average wage of USD 16.50 per hour, a 9% increase, while livestock workers earned USD 15.82 per hour, up by 7%. The demand for automation in the livestock industry is increasing significantly to increase productivity, improve farm management, tackle the challenge of high labor cost, facilitate real-time analysis, and better decision-making.

Restraint: Availability of plant-based alternative products for dairy milk

Dairy milk production has raised concerns about animal welfare and the environment, which is driving consumers to seek alternatives. This will hamper global dairy milk production, thereby impeding the growth of the precision livestock farming market. According to Univar Solutions (US), in 2020, the demand for plant-based milk is growing by more than 10% yearly, while dairy milk is growing at a rate of 3% annually. Soymilk was first introduced in 1996, but the plant-based trend began to catch on in early 2010, and since then, it has expanded and changed. Plant, grain, and nut milk currently comprise over 10% of the total milk market. Milk substitutes have already seized market share and now make up 13% of retail milk sales in the US, in which almond milk has the most significant share among the substitutes.

Opportunity: Growing popularity of poultry robots and BSC smart cameras

A breakthrough in the precision livestock farming market is the emergence of poultry robots, which are used for several purposes such as monitoring, manure removal, egg collection, etc. Poultry robots have successfully received the attention of poultry farm owners and commercial poultry farms to facilitate poultry production with more precision. These robots can monitor flocks, detect dead birds, stress, and any other anomaly among poultry birds, and provide real-time information to farm operators. This could lead to better monitoring of birds, thereby improving farm hygiene, and bird comfort.

Body condition scoring (BSC), which is done to estimate fat in cattle, is done manually in dairy farms across the world. This process is labor-intensive and requires much time to evaluate the right amount of fat among cattle. Smart cameras can be used for the same; however, the penetration of these cameras is low. Nevertheless, these cameras are likely to be adopted at large in the coming years, which will offer opportunities for the players in the precision livestock farming market. DeLaval, LIC, and Afimilk are some of the key companies offering BCS smart cameras.

Challenge: Emergence & re-emergence of diseases and environmental concerns

Infectious diseases are quite common in the livestock farming industry. The African Swine Fever (ASF) outbreak resulted in significant monetary losses in South Africa and hit its exports by 20%. Factors affecting livestock's health include the livestock house structure, ventilation, temperature management, feed, water supply, and other hygienic conditions. The resistance of poultry birds toward antibiotics is affecting the overall industry, and hence, the use of vaccines to prevent the spread of diseases can impact poultry farming. According to the UN Food and Agriculture Organization, the demand for meat is expected to rise by 73% between 2010 and 2030; the demand for milk is expected to rise by 58% during the same period. Due to the increasing demand for livestock products, more pressure on the environment is expected to be visible by 2030.

Dairy farms likely to dominate the overall precision livestock farming market between 2023 and 2028

Based on farm type, the market has been segmented into dairy farms, poultry farms, swine farms, and others. In 2023, the dairy farms segment held the largest share of the precision livestock farming market and is continuing to account for the largest market size during the forecast period. Increasingly strict regulations on the use of antibiotics and other medications in livestock production and environmental protection regulations are likely to drive the adoption of precision livestock farming technologies in the dairy industry. Further, government support and initiatives can significantly impact the dairy farming market by providing financial assistance, improving infrastructure, and offering technical guidance to farmers. This assistance can include subsidies, loans, insurances, and grants to invest in modern technologies and high-quality livestock, leading to improved milk production.

Precision Livestock Farming Market Ecosystems

The precision livestock farming market ecosystems market mainly includes research & development facilities, technology providers, OEMs & system integrators, suppliers & distributors, end users and post-sale service providers. Technology providers majorly include companies that offer components, robotic solutions, deeding systems, GPS systems, sensors, smart tags, software solutions, IoT and AI technologies. OEMs & system integrators majorly include component manufacturers, device manufactures, system manufactures and packaging, testing and calibration. The end users of precision livestock farming market mainly includes dairy farms, swine farms, poultry farms, food safety and processing labs, and dairy research labs.

Precision Livestock Farming Market by Ecosystem

Hardware segment likely to account for the largest market size in the global precision livestock farming market during the forecast period

The global precision livestock farming market is segmented into hardware, software, and services based on offering. Hardware devices used in precision livestock farming collect and analyze critical data points both on an individual and herd level. Hardware devices collect data that can provide insights on the health, heat stress, feeding, efficiency, and estrus of the cow and other livestock. The rising adoption of smart sensors, camera systems, robotics, and automation in livestock farming has resulted in better farm management by gathering information pertaining to the livestock. Moreover, the integration of emerging technologies such as artificial intelligence, machine learning, the internet of things (IoT), and the hardware devices have resulted in innovative offerings for the livestock.

Feeding management application segment likely to witness second largest market size from 2023 to 2028

Rising awareness among livestock farm owners for better management of feed inventory and animal diets is likely to contribute significantly to the growth of the feeding management application segment. Sufficient feed intake is one of the most critical requirements for high milk production in dairy cows, of which phosphorus (P) and potassium (K) are essential minerals that must be supplied in sufficient quantities for healthy milk production, maintenance, and the growth of dairy cattle. Feeding management is gaining momentum in poultry farms, with several established companies catering to this demand. The right amount of nutrition is required for birds' proper growth, resulting in efficient poultry production.

Milking robotic systems is expected to dominate the precision livestock farming market from 2023 to 2028.

Milking robotic systems to hold the largest market share throughout the forecast period. Major factors contributing towards a higher market share of milking robots include increasing adoption of milking robots by commercial farms, and rising labor cost across the world has compelled dairy farm owners to move towards automatic milking and improvise farm operations. For instance, according to the Farm Labor Survey (FLS) by the US Department of Agriculture (USDA), the inflation-adjusted wages for nonsupervisory crop and livestock workers (excluding contract labor) increased at an average annual rate of 1.2 percent between 1990 and 2021. However, in the last five years, real farm wages grew at a rate of 2.5 percent per year, reflecting the difficulty that growers faced in finding workers.

Americas likely to be the second-largest market for precision livestock farming throughout the forecast period

Precision Livestock Farming Market by Region

Precision Livestock Farming Market by Region

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The Americas is one of the largest markets for precision livestock farming technology. Several factors such as large herd size, technology penetration, government policies pertaining to livestock farming, progressive farmers, and the presence of several companies have paved the way for the development of the precision livestock farming market in the region. The adoption of advanced monitoring and farming techniques in the livestock segment is high in the Americas, especially in North America. Rising labor costs and increasing demand for milk and meat have resulted in the adoption of milking robots, precision feeding systems, livestock identification, monitoring, and tracking systems. In addition, poultry monitoring, and robotic systems are also witnessing heightened adoption in the region.

Key Market Players

The major players in the precision livestock farming companies are DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), and Lely International (Netherlands).

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Scope of the Report

Report Metric

Details

Estimated Value

USD 6.9 billion

Expected Value 

USD 11.2 billion

Growth Rate

CAGR of 10.2%

Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD Billion & Million)

Segments Covered

By Offering, By Farm Type, By System Type, By Farm Size, By Application, and By Region

Geographies Covered

Americas, Europe, Asia Pacific, and RoW

Companies Covered

DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), and Lely International (Netherlands)., Dairymaster (Ireland), Livestock Improvement Corporation (New Zealand), Fancom (Netherlands), and Fullwood Packo (UK).
Total 25 companies profiled

Precision Livestock Farming Market Highlights

This research report categorizes the precision livestock farming market based on offering, farm type, system type, farm size, application, and by region.

Segment

Subsegment

By Offering
  • Hardware
  • Software
  • Services

System Type
  • Milking Robotic Systems
  • Precision Feeding Systems
  • Livestock Monitoring Systems
  • Poultry Monitoring and Robotic Systems

Farm Size
  •  Small
  • Mid-sized
  •  Large

Application
  • Milk harvesting
  • Feeding Management
  • Livestock Health and Behaviour Monitoring,
  • Others (calf management, genetic management, animal sorting, animal weighing data analysis, and financial management)

Farm Type
  • Dairy Farms
  • Swine Farms
  • Poultry Farms
  • Others (Equine and Bovine Farms)

By Region
  • Americas
  • Europe
  • Asia Pacific
  • RoW

Recent Developments:

  • In March 2023, DeLaval launched an autonomous feed distribution robot called OptiWagon.
  • In March 2023, Lely International introduced Mijn Boerderij (My Farm) Platform which includes a milk quality module that monitors milk quality parameters such as somatic cell count and bacterial content.
  • In March 2023, DeLaval launched the cutting-edge DeLaval Rotary E500 rotary milking system. It increases milking efficiency, streamlines worker routines, automates the selection and sorting of cows, and minimizes stress on dairy cows.
  • In October 2022, Merck Animal Health, which is known as MSD Animal Health unveiled the Allflex DataFlow II System mobile application.
  • In September 2022, GEA introduced the GEA DairyFeed F4500, an autonomous feeding robot.
  • In September 2022, Lely International recently introduced the next generation of its automated feed pushing solution, the Lely Juno.
  • In July 2022, Fancom BV partnered with VDL Agrotech (the Netherlands), a leading supplier of innovative systems and solutions for the global poultry and pig farming industries.
  • In May 2021, Nedap N.V. partnered with Waikato, a leading company to develop and manufacture dairy technology.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 33)
    1.1 STUDY OBJECTIVES 
    1.2 DEFINITION AND SCOPE 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 INCLUSIONS AND EXCLUSIONS FOR OFFERING SEGMENT
           1.3.2 INCLUSIONS AND EXCLUSIONS FOR SYSTEM TYPE SEGMENT
           1.3.3 INCLUSIONS AND EXCLUSIONS FOR OTHER SEGMENTS
    1.4 STUDY SCOPE 
           1.4.1 MARKETS COVERED
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 SUMMARY OF CHANGES 
    1.6 CURRENCY CONSIDERED 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
    1.9 IMPACT OF RECESSION ON PRECISION LIVESTOCK FARMING MARKET 
 
2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA 
           FIGURE 1 PRECISION LIVESTOCK FARMING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to capture market size by bottom-up analysis
                               FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to capture market size by top-down analysis
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 4 MARKET SIZE ESTIMATION: SUPPLY-SIDE APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION: DEMAND-SIDE APPROACH
    2.3 RESEARCH ASSUMPTIONS 
    2.4 RISK ASSESSMENT 
           TABLE 1 RISK ASSESSMENT: PRECISION LIVESTOCK FARMING MARKET
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 6 DATA TRIANGULATION
    2.6 RECESSION IMPACT ASSESSMENT: PRECISION LIVESTOCK FARMING MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 53)
    FIGURE 7 PRECISION LIVESTOCK FARMING MARKET, 2019–2028 (USD MILLION)
    FIGURE 8 SERVICES SEGMENT TO RECORD HIGHEST CAGR FROM 2023 TO 2028
    FIGURE 9 LIVESTOCK HEALTH & BEHAVIOR MONITORING TO RECORD HIGHEST CAGR FROM 2023 TO 2028
    FIGURE 10 MILKING ROBOTIC SYSTEMS TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
    FIGURE 11 POULTRY FARMS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 12 LARGE FARMS SECURED LARGEST MARKET SHARE IN 2023
    FIGURE 13 ASIA PACIFIC LIKELY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PRECISION LIVESTOCK FARMING MARKET 
           FIGURE 14 INCREASING LABOR COST AND CONSOLIDATION OF LIVESTOCK FARMS IN DEVELOPED REGIONS TO PROPEL MARKET
    4.2 PRECISION LIVESTOCK FARMING MARKET IN ASIA PACIFIC, BY SYSTEM TYPE AND COUNTRY 
           FIGURE 15 PRECISION FEEDING SYSTEMS AND CHINA SECURED LARGEST SHARE OF MARKET IN ASIA PACIFIC IN 2022
    4.3 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE 
           FIGURE 16 MILKING ROBOTIC SYSTEMS TO HOLD LARGEST MARKET SHARE DURING 2023–2028
    4.4 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION 
           FIGURE 17 MILK HARVESTING TO DOMINATE MARKET DURING 2023–2028
    4.5 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING 
           FIGURE 18 HARDWARE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.6 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE 
           FIGURE 19 DAIRY FARMS TO DOMINATE MARKET DURING FORECAST PERIOD
    4.7 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE 
           FIGURE 20 LARGE-SIZED FARMS ANTICIPATED TO LEAD MARKET DURING FORECAST PERIOD
    4.8 REGIONAL ANALYSIS OF PRECISION LIVESTOCK FARMING MARKET 
           FIGURE 21 EUROPE TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 64)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 22 PRECISION LIVESTOCK FARMING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Implementation of IoT- and AI-enabled devices for livestock monitoring
                               FIGURE 23 INSTALLED BASE OF LIVESTOCK RFID TAGS, 2018–2032 (MILLION UNITS)
                    5.2.1.2 Transition from precision livestock farming to decision livestock farming
                    5.2.1.3 Surging labor costs and rising demand for automation in livestock industry
                    5.2.1.4 Increasing focus on real-time monitoring and early disease detection
                    5.2.1.5 Growing demand for protein and dairy products
                               FIGURE 24 MEAT CONSUMPTION PER CAPITA (KG/CAPITA)
                    5.2.1.6 Supporting government policies and incentive programs promoting dairy farm mechanization
                               FIGURE 25 IMPACT ANALYSIS: DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High upfront cost and marginal return on investment
                               FIGURE 26 PRICE TREND OF AUTOMATED MILKING ROBOTS (USD THOUSAND) 2017–2025
                    5.2.2.2 Lack of technological awareness among livestock farmers
                    5.2.2.3 Availability of plant-based products as alternative
                               TABLE 2 AVERAGE AMOUNT OF WATER USED AND CO2 PRODUCED BY DIFFERENT TYPES OF MILK, PER LITER, 2020
                               FIGURE 27 TOTAL NUMBER OF PARTICIPANTS IN VEGANUARY PROGRAM, 2014–2022
                               FIGURE 28 IMPACT ANALYSIS: RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising adoption of livestock monitoring technology in developing countries
                               TABLE 3 PRECISION LIVESTOCK FARMING: GLOBAL TECHNOLOGY ADOPTION
                    5.2.3.2 Increasing number of dairy, poultry, and swine farms
                               FIGURE 29 CATTLE INVENTORY OF MAJOR COUNTRIES IN 2021 (MILLION UNITS)
                    5.2.3.3 Growing popularity of poultry robots and BSC smart cameras
                               FIGURE 30 IMPACT ANALYSIS: OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Global warming and other environmental concerns
                               TABLE 4 EMISSIONS INTENSITY OF AGRICULTURAL COMMODITIES (KG CO2 EQ/KG)
                    5.2.4.2 Emergence and re-emergence of diseases and environmental concerns
                               FIGURE 31 IMPACT ANALYSIS: CHALLENGES
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 32 PRECISION LIVESTOCK FARMING MARKET: SUPPLY CHAIN ANALYSIS
    5.4 PRECISION LIVESTOCK FARMING MARKET ECOSYSTEM 
           TABLE 5 PRECISION LIVESTOCK FARMING MARKET: ECOSYSTEM
           FIGURE 33 PRECISION LIVESTOCK FARMING MARKET: KEY PLAYERS IN ECOSYSTEM
    5.5 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS 
           5.5.1 PRICING ANALYSIS: LIVESTOCK MONITORING DEVICES
                    TABLE 6 AVERAGE SELLING PRICE OF LIVESTOCK MONITORING DEVICES
                    FIGURE 34 ASP TREND FOR RFID TAGS USED FOR LIVESTOCK MONITORING
           5.5.2 PRICING ANALYSIS: MILKING ROBOTS
                    FIGURE 35 ASP TREND FOR MILKING ROBOTS
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 
           FIGURE 36 PRECISION LIVESTOCK FARMING MARKET: REVENUE SHIFT
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 BODY CONDITIONING SCORING SYSTEMS
           5.7.2 AGRICULTURAL DRONES
           5.7.3 AUTOMATIC CATTLE TRAFFIC MANAGEMENT SYSTEMS
           5.7.4 PARLOR MONITORING SYSTEMS
           5.7.5 TECHNOLOGIES ADOPTED IN DAIRY AND POULTRY FARMS
    5.8 PORTER'S FIVE FORCES ANALYSIS 
           FIGURE 37 PRECISION LIVESTOCK FARMING MARKET: PORTER'S FIVE FORCES ANALYSIS
           FIGURE 38 PORTER'S FIVE FORCES ANALYSIS
           TABLE 7 PRECISION LIVESTOCK FARMING MARKET: IMPACT OF PORTER'S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 39 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
           5.9.2 BUYING CRITERIA
                    FIGURE 40 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.10 CASE STUDY ANALYSIS 
           5.10.1 IMPROVEMENT IN MILKING PROCEDURE AT NEWLANDS FAMILY FARM, US
                    TABLE 10 DELAVAL VMS V300 MILKING ROBOTS ENHANCE OVERALL MILKING PROCESS
           5.10.2 INCREASE IN LABOR PRODUCTIVITY AT VAN ADRICHEM'S FAMILY DAIRY FARM, AUSTRALIA
                    TABLE 11 LELY ASTRONAUT MILKING ROBOTS IMPROVE LABOR EFFICIENCY
           5.10.3 ADOPTION OF COW MONITORS TO BOOST DAIRY PRODUCTION
                    TABLE 12 ALLFLEX MONITORS RUMINATION AND ACTIVITY OF COWS
    5.11 TRADE ANALYSIS 
           TABLE 13 IMPORT DATA FOR MILKING MACHINES, HS CODE: 843410, BY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 41 MILKING MACHINES IMPORT VALUES FOR MAJOR COUNTRIES (2017–2021)
           TABLE 14 EXPORT DATA FOR MILKING MACHINES, HS CODE: 843410, BY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 42 MILKING MACHINES EXPORT VALUES FOR MAJOR COUNTRIES (2017–2021)
    5.12 PATENT ANALYSIS 
           FIGURE 43 PRECISION LIVESTOCK FARMING MARKET: NUMBER OF PATENTS GRANTED (2013–2022)
           FIGURE 44 PRECISION LIVESTOCK FARMING MARKET: REGIONAL ANALYSIS OF PATENTS GRANTED (2013–2022)
           TABLE 15 PRECISION LIVESTOCK FARMING MARKET: LIST OF KEY PATENTS (2019–2022)
    5.13 KEY CONFERENCES AND EVENTS, (2023–2024) 
           TABLE 16 PRECISION LIVESTOCK FARMING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 TARIFF AND REGULATORY LANDSCAPE 
           5.14.1 TARIFFS
                    TABLE 17 MFN TARIFFS FOR MILKING MACHINES EXPORTED BY FRANCE
           5.14.2 REGULATIONS
                    5.14.2.1 North America
                    5.14.2.2 Australia
                    5.14.2.3 Europe
           5.14.3 STANDARDS
                    5.14.3.1 International Organization of Standardization
 
6 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE (Page No. - 100)
    6.1 INTRODUCTION 
           TABLE 18 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
           FIGURE 45 POULTRY MONITORING AND ROBOTIC SYSTEMS SEGMENT TO RECORD HIGHEST CAGR FROM 2023 TO 2028
           TABLE 19 PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
    6.2 MILKING ROBOTIC SYSTEMS 
           TABLE 20 MILKING ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 21 MILKING ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
           TABLE 22 MILKING ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
           FIGURE 46 PRECISION LIVESTOCK FARMING MARKET FOR MILKING ROBOTIC SYSTEMS IN ASIA PACIFIC TO DISPLAY HIGHEST CAGR FROM 2023 TO 2028
           TABLE 23 MILKING ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 24 MILKING ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2019–2022 (USD MILLION)
           TABLE 25 MILKING ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2023–2028 (USD MILLION)
           6.2.1 SINGLE-STALL MILKING UNITS
                    6.2.1.1 Used across small and mid-sized dairy farms
           6.2.2 MULTI-STALL MILKING UNITS
                    6.2.2.1 Suitable for mid-sized dairy farms
           6.2.3 AUTOMATED MILKING ROTARY
                    6.2.3.1 Provides information necessary to monitor and analyz herd performance
    6.3 PRECISION FEEDING SYSTEMS 
           6.3.1 INCREASING ADOPTION OF FEEDING ROBOTS TO MITIGATE LABOR SHORTAGE ISSUE
                    TABLE 26 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    FIGURE 47 SERVICES SEGMENT TO RECORD HIGHEST CAGR IN MARKET FOR PRECISION FEEDING SYSTEMS DURING 2023–2028
                    TABLE 27 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 28 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE, 2019–2022 (USD MILLION)
                    TABLE 29 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE, 2023–2028 (USD MILLION)
                    TABLE 30 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2019–2022 (USD MILLION)
                    FIGURE 48 SMALL FARMS SEGMENT TO EXHIBIT HIGHEST CAGR IN MARKET FOR PRECISION FEEDING SYSTEMS DURING FORECAST PERIOD
                    TABLE 31 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2023–2028 (USD MILLION)
                    TABLE 32 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 33 PRECISION FEEDING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.4 LIVESTOCK MONITORING SYSTEMS 
           6.4.1 GROWING DEVELOPMENT OF ACTIVE RFID TAGS IN MEDIUM-SIZED AND LARGE LIVESTOCK FARMS
                    TABLE 34 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 35 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 36 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    FIGURE 49 FEEDING MANAGEMENT SEGMENT TO DISPLAY HIGHEST CAGR IN MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS DURING FORECAST PERIOD
                    TABLE 37 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 38 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE, 2019–2022 (USD MILLION)
                    TABLE 39 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE, 2023–2028 (USD MILLION)
                    TABLE 40 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2019–2022 (USD MILLION)
                    TABLE 41 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2023–2028 (USD MILLION)
                    TABLE 42 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 43 LIVESTOCK MONITORING SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.5 POULTRY MONITORING AND ROBOTIC SYSTEMS 
           6.5.1 RISING EFFORTS TO IMPROVE POULTRY FARM OPERATIONS
                    TABLE 44 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    FIGURE 50 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN MARKET FOR POULTRY MONITORING AND ROBOTIC SYSTEM DURING FORECAST PERIOD
                    TABLE 45 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 46 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 47 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 48 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2019–2022 (USD MILLION)
                    TABLE 49 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2023–2028 (USD MILLION)
                    TABLE 50 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 51 POULTRY MONITORING AND ROBOTIC SYSTEMS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING (Page No. - 121)
    7.1 INTRODUCTION 
           TABLE 52 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           FIGURE 51 PRECISION LIVESTOCK MARKET FOR SERVICES TO RECORD AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 53 PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
    7.2 HARDWARE 
           TABLE 54 HARDWARE: PRECISION LIVESTOCK FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 55 HARDWARE: PRECISION LIVESTOCK FARMING MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 56 HARDWARE: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
           TABLE 57 HARDWARE: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
           TABLE 58 HARDWARE: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
           FIGURE 52 PRECISION LIVESTOCK MARKET FOR HARDWARE IN ASIA PACIFIC EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 59 HARDWARE: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.2.1 ROBOTICS HARDWARE
                    7.2.1.1 Increasing herd size of dairy farms and rising labor costs
           7.2.2 RFID TAGS & READERS
                    7.2.2.1 Rising adoption of low-frequency RFID tags to identify & track livestock
           7.2.3 SENSORS
                    7.2.3.1 Ensure continuous productivity of healthy herd
                    7.2.3.2 Temperature sensors
                    7.2.3.3 Accelerometer sensors
                    7.2.3.4 Motion sensors
                    7.2.3.5 Environmental humidity sensors
                    7.2.3.6 Others
           7.2.4 CAMERAS
                    7.2.4.1 Increasing awareness among ranchers regarding for remote livestock monitoring technology
           7.2.5 GPS
                    7.2.5.1 Surging demand for livestock location tracking
           7.2.6 OTHERS
    7.3 SOFTWARE 
           TABLE 60 SOFTWARE: PRECISION LIVESTOCK FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION)
           FIGURE 53 PRECISION LIVESTOCK MARKET FOR AI AND DATA ANALYTICS TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 61 SOFTWARE: PRECISION LIVESTOCK FARMING MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 62 SOFTWARE: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
           TABLE 63 SOFTWARE: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
           TABLE 64 SOFTWARE: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 65 SOFTWARE: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.3.1 ON-CLOUD
                    7.3.1.1 Provides flexibility and scalability and is affordable
           7.3.2 ON-PREMISE
                    7.3.2.1 Beneficial for organizations migrating from one system to another
           7.3.3 AI AND DATA ANALYTICS
                    7.3.3.1 Drives decision-making of livestock farm owners
    7.4 SERVICES 
           7.4.1 INCREASING DEPLOYMENT OF LIVESTOCK FARMING DEVICES AND EQUIPMENT
                    TABLE 66 SERVICES: PRECISION LIVESTOCK FARMING MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    FIGURE 54 SYSTEM INTEGRATION & CONSULTING SERVICES TO CAPTURE LARGEST MARKET SHARE IN 2028
                    TABLE 67 SERVICES: PRECISION LIVESTOCK FARMING MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 68 SERVICES: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                    TABLE 69 SERVICES: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
                    TABLE 70 SERVICES: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 71 SERVICES: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.4.2 SYSTEM INTEGRATION & CONSULTING
           7.4.3 MANAGED SERVICES
           7.4.4 MAINTENANCE & SUPPORT SERVICES
 
8 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE (Page No. - 139)
    8.1 INTRODUCTION 
           TABLE 72 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE, 2019–2022 (USD MILLION)
           FIGURE 55 POULTRY FARMS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 73 PRECISION LIVESTOCK FARMING MARKET, BY FARM TYPE, 2023–2028 (USD MILLION)
    8.2 DAIRY FARMS 
           8.2.1 SIGNIFICANT USE OF ROBOTIC MILIKING SYSTEMS IN LARGE FARMS
                    TABLE 74 DAIRY FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                    TABLE 75 DAIRY FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
    8.3 SWINE FARMS 
           8.3.1 HIGH ADOPTION OF RFID AND CAMERAS TO MONITOR SWINE HEALTH AND BODY TEMPERATURE
                    TABLE 76 SWINE FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
           FIGURE 56 SWINE FARMS TO RECORD HIGHEST CAGR IN MARKET FOR LIVESTOCK IDENTIFICATION, MONITORING, AND TRACKING SYSTEMS
                    TABLE 77 SWINE FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
    8.4 POULTRY FARMS 
           8.4.1 PREDOMINANT USE OF SEVERAL FARMING SOLUTIONS INCLUDING CAMERAS IN POULTRY FARMS
                    TABLE 78 POULTRY FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                    TABLE 79 POULTRY FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
    8.5 OTHERS 
           TABLE 80 OTHERS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
           TABLE 81 OTHERS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
 
9 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE (Page No. - 147)
    9.1 INTRODUCTION 
           TABLE 82 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2019–2022 (USD MILLION)
           FIGURE 57 PRECISION LIVESTOCK FARMING MARKET FOR SMALL FARMS TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
           TABLE 83 PRECISION LIVESTOCK FARMING MARKET, BY FARM SIZE, 2023–2028 (USD MILLION)
    9.2 SMALL FARMS 
           9.2.1 COMMON IN DEVELOPING SOUTH AND SOUTHEAST ASIAN COUNTRIES
                    TABLE 84 SMALL FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                    TABLE 85 SMALL FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
    9.3 MID-SIZED FARMS 
           9.3.1 MOST COMMONLY OBSERVED IN MID-SIZED FARMS
                    TABLE 86 MID-SIZED FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                    TABLE 87 MID-SIZED FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
    9.4 LARGE FARMS 
           9.4.1 OFFER ECONOMIES OF SCALE TO FARM OWNERS INVOLVED IN CAPTIAL-INTESNIVE FARMING
                    TABLE 88 LARGE FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                    TABLE 89 LARGE FARMS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
 
10 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION (Page No. - 153)
     10.1 INTRODUCTION 
             TABLE 90 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             FIGURE 58 LIVESTOCK BEHAVIOR & HEALTH MONITORING TO RECORD HIGHEST CAGR FROM 2023 TO 2028
             TABLE 91 PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.2 MILK HARVESTING 
             10.2.1 RISING DEMAND FOR MILKING ROBOTS ON DAIRY FARMS
                        TABLE 92 MILK HARVESTING: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 93 MILK HARVESTING: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 FEEDING MANAGEMENT 
             10.3.1 GROWING AWARENESS AMONG LIVESTOCK FARM OWNERS FOR BETTER MANAGEMENT OF FEED INVENTORY AND ANIMAL DIETS
                        TABLE 94 FEEDING MANAGEMENT: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 95 FEEDING MANAGEMENT: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.4 LIVESTOCK BEHAVIOR AND HEALTH MONITORING 
             10.4.1 INCREASING AWARENESS AMONG RANCHERS AND DAIRY FARM OWNERS TO TRACK HEAT DETECTION AND EARLY DISEASE IDENTIFICATION
                        TABLE 96 LIVESTOCK HEALTH & BEHAVIOR MONITORING: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                        FIGURE 59 EUROPE TO LEAD MARKET FOR LIVESTOCK BEHAVIOR & HEALTH MONITORING DURING FORECAST PERIOD
                        TABLE 97 LIVESTOCK HEALTH & BEHAVIOR MONITORING: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.5 OTHERS 
             TABLE 98 OTHERS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
             FIGURE 60 ASIA PACIFIC TO RECORD HIGHEST CAGR IN MARKET FOR OTHER APPLICATIONS DURING FORECAST PERIOD
             TABLE 99 OTHERS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 PRECISION LIVESTOCK FARMING MARKET, BY GEOGRAPHY (Page No. - 163)
     11.1 INTRODUCTION 
             FIGURE 61 REGIONAL SNAPSHOT: INDIA TO WITNESS HIGHEST CAGR FROM 2023 TO 2028
             TABLE 100 PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 101 PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 AMERICAS 
             FIGURE 62 AMERICAS: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT
             11.2.1 AMERICAS: RECESSION IMPACT
                        FIGURE 63 AMERICAS: IMPACT OF RECESSION (PRE-RECESSION SCENARIO VS. POST-RECESSION SCENARIO)
                        TABLE 102 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 103 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 104 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                        TABLE 105 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
                        TABLE 106 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                        TABLE 107 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                        TABLE 108 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 109 AMERICAS: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.2 NORTH AMERICA
                        TABLE 110 NORTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 111 NORTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 112 NORTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                        TABLE 113 NORTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
                        11.2.2.1 US
                                     11.2.2.1.1 US to remain largest market for precision livestock farming in region
                        11.2.2.2 Canada
                                     11.2.2.2.1 Substantial demand generated by dairy industry
                        11.2.2.3 Mexico
                                     11.2.2.3.1 Growing cattle industry
             11.2.3 SOUTH AMERICA
                        TABLE 114 SOUTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 115 SOUTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 116 SOUTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                        TABLE 117 SOUTH AMERICA: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
                        11.2.3.1 Brazil
                                     11.2.3.1.1 Rapid adoption of precision livestock farming technology by commercial farmers
                        11.2.3.2 Argentina
                                     11.2.3.2.1 Large cattle population to accelerate demand for livestock identification, monitoring, and tracking
                        11.2.3.3 Rest of South America
     11.3 EUROPE 
             FIGURE 64 EUROPE: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT
             11.3.1 EUROPE: RECESSION IMPACT
                        FIGURE 65 EUROPE: IMPACT OF RECESSION (PRE-RECESSION SCENARIO VS. POST-RECESSION SCENARIO)
                        TABLE 118 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 119 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 120 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                        TABLE 121 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
                        TABLE 122 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                        TABLE 123 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                        TABLE 124 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 125 EUROPE: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.2 UK
                        11.3.2.1 Established milk and meat industries to support market growth
             11.3.3 GERMANY
                        11.3.3.1 Largest dairy producer in region to propel market
             11.3.4 FRANCE
                        11.3.4.1 Growing number of livestock farms to contribute to market growth
             11.3.5 DENMARK
                        11.3.5.1 High adoption of automated milk harvesting systems to drive market
             11.3.6 SWEDEN
                        11.3.6.1 Higher adoption of precision livestock farming technologies to fuel market
             11.3.7 NETHERLANDS
                        11.3.7.1 Surging adoption of precision livestock farming solutions in milk harvesting and feeding management applications to drive market
             11.3.8 REST OF EUROPE
     11.4 ASIA PACIFIC 
             FIGURE 66 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET SNAPSHOT
             11.4.1 ASIA PACIFIC: RECESSION IMPACT
                        FIGURE 67 ASIA PACIFIC: IMPACT OF RECESSION (PRE-RECESSION SCENARIO VS. POST-RECESSION SCENARIOS)
                        TABLE 126 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 127 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 128 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
                        TABLE 129 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
                        TABLE 130 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                        TABLE 131 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                        TABLE 132 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 133 ASIA PACIFIC: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.2 CHINA
                        11.4.2.1 Modern farm practices for sustainable development in dairy farm yield
             11.4.3 JAPAN
                        11.4.3.1 Aging agriculture workforce and government support
             11.4.4 INDIA
                        11.4.4.1 Proliferation of commercial farms with deployment of modern technologies
             11.4.5 AUSTRALIA & NEW ZEALAND
                        11.4.5.1 High awareness among dairy farm owners
             11.4.6 REST OF ASIA PACIFIC
     11.5 ROW 
             TABLE 134 ROW: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 135 ROW: PRECISION LIVESTOCK FARMING MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 136 ROW: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
             TABLE 137 ROW: PRECISION LIVESTOCK FARMING MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
             TABLE 138 ROW: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2019–2022 (USD MILLION)
             TABLE 139 ROW: PRECISION LIVESTOCK FARMING MARKET, BY OFFERING, 2023–2028 (USD MILLION)
             TABLE 140 ROW: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 141 ROW: PRECISION LIVESTOCK FARMING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.1 MIDDLE EAST
                        11.5.1.1 Growing adoption of smart agriculture solutions by large farmlands
             11.5.2 AFRICA
                        11.5.2.1 Investments toward development of new commercial farming enterprises
 
12 COMPETITIVE LANDSCAPE (Page No. - 197)
     12.1 INTRODUCTION 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 142 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     12.3 MARKET SHARE ANALYSIS 
             FIGURE 68 PRECISION LIVESTOCK FARMING MARKET: MARKET SHARE ANALYSIS
             TABLE 143 PRECISION LIVESTOCK FARMING MARKET: INTENSITY OF COMPETITIVE RIVALRY
     12.4 REVENUE ANALYSIS 
             FIGURE 69 PRECISION LIVESTOCK FARMING MARKET: REVENUE SHARE ANALYSIS OF TOP FIVE PLAYERS (2018–2022)
     12.5 COMPANY EVALUATION QUADRANT 
             12.5.1 STARS
             12.5.2 PERVASIVE PLAYERS
             12.5.3 EMERGING LEADERS
             12.5.4 PARTICIPANTS
                        FIGURE 70 PRECISION LIVESTOCK FARMING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT
     12.6 COMPANY FOOTPRINT 
             TABLE 144 COMPANY FOOTPRINT
             TABLE 145 COMPANY FOOTPRINT, BY SYSTEM TYPE
             TABLE 146 COMPANY FOOTPRINT, BY APPLICATION
             TABLE 147 COMPANY FOOTPRINT, BY REGION
     12.7 STARTUPS/SMES/ EVALUATION QUADRANT 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                        FIGURE 71 PRECISION LIVESTOCK FARMING MARKET: EVALUATION QUADRANT FOR STARTUPS/SMES
                        TABLE 148 PRECISION LIVESTOCK FARMING MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 149 PRECISION LIVESTOCK FARMING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.8 COMPETITIVE SCENARIOS AND TRENDS 
             12.8.1 PRECISION LIVESTOCK FARMING MARKET
                        12.8.1.1 Product/Service launches
                                     TABLE 150 PRECISION LIVESTOCK FARMING MARKET: PRODUCT/SOLUTION/SERVICE LAUNCHES
                        12.8.1.2 Deals
                                     TABLE 151 PRECISION LIVESTOCK FARMING MARKET: DEALS
                        12.8.1.3 Other developments
                                     TABLE 152 OTHER DEVELOPMENTS
 
13 COMPANY PROFILES (Page No. - 218)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     13.1 KEY PLAYERS 
             13.1.1 DELAVAL
                        TABLE 153 DELAVAL: COMPANY SNAPSHOT
                        FIGURE 72 DELAVAL: COMPANY SNAPSHOT
                        TABLE 154 DELAVAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 155 DELAVAL: PRODUCT/SOLUTION/SERVICE LAUNCHES
                        TABLE 156 DELAVAL: DEALS
                        TABLE 157 DELAVAL: OTHER DEVELOPMENTS
             13.1.2 GEA GROUP
                        TABLE 158 GEA GROUP: COMPANY SNAPSHOT
                        FIGURE 73 GEA GROUP: COMPANY SNAPSHOT
                        TABLE 159 GEA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 160 GEA GROUP: PRODUCT/SOLUTION/SERVICE LAUNCHES
                        TABLE 161 GEA GROUP: DEALS
                        TABLE 162 GEA GROUP: OTHER DEVELOPMENTS
             13.1.3 AFIMILK LTD.
                        TABLE 163 AFIMILK LTD.: COMPANY SNAPSHOT
                        TABLE 164 AFIMILK LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 165 AFIMILK LTD.: PRODUCT/SOLUTION/SERVICE LAUNCHES
                        TABLE 166 AFIMILK LTD.: DEALS
                        TABLE 167 AFIMILK LTD.: OTHER DEVELOPMENTS
             13.1.4 ALLFLEX LIVESTOCK INTELLIGENCE (SUBSIDIARY OF MSD ANIMAL HEALTH)
                        TABLE 168 ALLFLEX LIVESTOCK INTELLIGENCE: COMPANY SNAPSHOT
                        TABLE 169 ALLFLEX LIVESTOCK INTELLIGENCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 170 ALLFLEX LIVESTOCK INTELLIGENCE: PRODUCT/SOLUTION/SERVICE LAUNCHES
                        TABLE 171 ALLFLEX LIVESTOCK INTELLIGENCE: DEALS
                        TABLE 172 ALLFLEX LIVESTOCK INTELLIGENCE: OTHER DEVELOPMENTS
             13.1.5 NEDAP N.V.
                        TABLE 173 NEDAP N.V.: BUSINESS OVERVIEW
                        FIGURE 74 NEDAP N.V.: COMPANY SNAPSHOT
                        TABLE 174 NEDAP N.V.: PRODUCTS OFFERED
                        TABLE 175 NEDAP N.V.: DEALS
             13.1.6 LELY INTERNATIONAL
                        TABLE 176 LELY INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 177 LELY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 178 LELY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 179 LELY INTERNATIONAL: DEALS
             13.1.7 WAIKATO MILKING SYSTEMS
                        TABLE 180 WAIKATO MILKING SYSTEMS: BUSINESS OVERVIEW
                        TABLE 181 WAIKATO MILKING SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 182 WAIKATO MILKING SYSTEMS: PRODUCT/SOLUTION/SERVICE LAUNCHES
             13.1.8 LIVESTOCK IMPROVEMENT CORPORATION
                        TABLE 183 LIVESTOCK IMPROVEMENT CORPORATION (LIC): COMPANY SNAPSHOT
                        FIGURE 75 LIVESTOCK IMPROVEMENT CORPORATION (LIC): COMPANY SNAPSHOT
                        TABLE 184 LIVESTOCK IMPROVEMENT CORPORATION (LIC): PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.9 BOUMATIC
                        TABLE 185 BOUMATIC: BUSINESS OVERVIEW
                        TABLE 186 BOUMATIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 187 BOUMATIC: PRODUCT/SOLUTION/SERVICE LAUNCHES
                        TABLE 188 BOUMATIC: DEALS
             13.1.10 FANCOM BV
                        TABLE 189 FANCOM BV: COMPANY SNAPSHOT
                        TABLE 190 FANCOM BV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 191 FANCOM BV: PRODUCT/SOLUTION/SERVICE LAUNCHES
                        TABLE 192 FANCOM BV: DEALS
     13.2 OTHER PLAYERS 
             13.2.1 HOKOFARM GROUP
             13.2.2 TRIOLIET
             13.2.3 BIG DUTCHMAN
             13.2.4 VDL AGROTECH (VDL GROEP)
             13.2.5 HID GLOBAL
             13.2.6 ALEIS
             13.2.7 ICEROBOTICS
             13.2.8 CONNECTERRA
             13.2.9 CAINTHUS
             13.2.10 FAROMATICS
             13.2.11 TIBOT
             13.2.12 MIROBOT
             13.2.13 FARMCONTROL
             13.2.14 MOOCALL
             13.2.15 SCIO+
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
14 APPENDIX (Page No. - 279)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS 
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     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 

 

The research study involved 4 major activities in estimating the precision livestock farming market size. Exhaustive secondary research has been done to collect significant information on the precision livestock farming market, peer market, and parent market. The next step has been to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the global market size. In next step the market breakdown and data triangulation have been used to estimate the market sizes of segments and sub-segments.

Secondary Research

The secondary sources referred for this research study includes FAOstat, International Federation of Robotics (Germany), United States Department of Agriculture (USDA) (US), International Livestock Research Institute (ILRI) (Kenya), The Commonwealth Scientific and Industrial Research Organization (Australia), and Japan Livestock Technology Association (Japan).

In the precision livestock farming market report, the top-down and the bottom-up approaches have been used to estimate and validate the size of the precision livestock farming market, along with several other dependent submarkets. The major players in the precision livestock farming market were identified using extensive secondary research and their presence using primary and secondary research. All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after understanding and analysing the precision livestock farming market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions—the Americas, Europe, Asia Pacific (APAC), and the Rest of the World (The Middle East, and Africa). Approximately 25% of the primary interviews have been conducted with the demand side and 75% with the supply side. These primary data have been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.

After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This and the in-house subject matter experts’ opinions have led us to the findings described in the remainder of this report.

Precision Livestock Farming Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the precision livestock farming market and various other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Identifying the market for precision livestock farming based on milking robotic systems, precision feeding systems, livestock identification, monitoring, and tracking systems and poultry monitoring and robotic systems in each country.
  • Identifying major offerings of precision livestock farming-related hardware, software, and services.
  • Identifying major applications of precision livestock farming-related applications such as milk harvesting, feeding management, livestock health and behavior monitoring, and other applications.
  • Estimating the size of the market in each region by adding the size of the country-wise markets
  • Tracking the ongoing and upcoming implementation of precision livestock farming projects by various companies in each region and forecasting the size of the precision livestock farming market based on these developments and other critical parameters
  • Arriving at the size of the global market by adding the size of the region-wise markets

Market Size Estimation Methodology-Bottom-up Approach

Precision Livestock Farming Market Size, and Bottom-up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall precision livestock farming market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the precision livestock farming market has been validated using both top-down and bottom-up approaches.

Market Definition

Precision livestock farming involves livestock management by continuous, automated, real-time monitoring of livestock production, reproduction, health and welfare, and environmental impact based on livestock image analysis, sound analysis, sensors, software, and AI-based solutions. Livestock farming operations are becoming more efficient with the increasing adoption of advanced technologies such as RFID tags & readers, milking robots, automated feeding systems, smart camera systems, ventilation and climate control, and the integration of emerging technologies such as AI, IoT, machine learning and big data.

Key Stakeholders

  • Hardware component suppliers and distributors
  • Semiconductor component and IoT-based electronic device manufacturers
  • Original equipment manufacturers (OEMs) and system integrators
  • Manufacturers of products like ear tags, leg tags, neck tags, smart collar tags, sensors, and GPS-based livestock tags.
  • Device suppliers and distributors
  • Software, service, and technology providers
  • Standardization and testing firms
  • Government bodies such as regulatory authorities and policymakers for the livestock industry
  • Associations, forums, and alliances related to robotics, semiconductor, electronics, and livestock industries
  • Research institutes and organizations
  • Market research and consulting firms
  • Commercial livestock farming companies, ranchers, and livestock research universities

The main objectives of this study are as follows:

  • To define, analyze, and forecast the precision livestock farming market size, by system type, offering, application, farm type, farm size, and geography, in terms of value and volume.
  • To forecast the precision livestock farming market size for various segments with respect to
    4 regions—Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the precision livestock farming market
  • To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contributions to the overall precision livestock farming market
  • To provide a detailed overview of the precision livestock farming value chain and analyze the market trends.
  • To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the precision livestock farming market
  • To strategically profile key players, comprehensively analyze their market rankings and core competencies2, and provide details of the competitive landscape.
  • To benchmark market players using competitive leadership mapping, which analyzes players based on various parameters of broad business categories and product strategies.
  • To map competitive intelligence based on company profiles, key player strategies, and game-changing developments such as product launches, partnerships, and mergers and acquisitions

Available Customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Detailed analysis for milking robotics systems, precision feeding systems, and livestock identification, tracking & monitoring devices
  • Detailed analysis of milking robotics systems, precision feeding systems, and hardware devices like RFID tags & readers, smart cameras for each country
  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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