Livestock Wearables Market – By Product Type , By Livestock Type , By Application , By Components, By Technology, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: CMR 1581 Report Format: PDF + Excel

Livestock Wearables Market Overview:

Livestock Wearables Market size is estimated to reach $608 Million by 2030, growing at a CAGR of 12.5% during the forecast period 2024-2030. Livestock wearables refer to technology-based devices designed for use in the agricultural sector to monitor and manage the well-being and performance of farm animals. These wearables can provide farmers with valuable data to optimize animal health, improve breeding practices, and enhance overall farm management.
 
Health Monitoring Devices are Wearables that track vital signs, detect signs of illness, or monitor overall health metrics in animals. GPS Tracking Devices are Used to monitor the location and movement of livestock, preventing loss and aiding in herd management. Activity Monitors are used to Track behavioral patterns to detect signs of heat, stress, or other conditions. Smart Collars and Tags are Equipped with sensors to collect data on individual animals, including identification and health information.

Livestock Wearables Market - Report Coverage:

The “Livestock Wearables Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Livestock Wearables Market.
 
Attribute Segment
 

By Product Type

  • Smart Collar

  • Smart Camera

  • Smart Harness

  • Smart Vest

  • Others

 

By Livestock Type

  • Cattle

  • Poultry

  • Swine

  • Equine

  • Others

 

By Application

  • Identification and Tracking

  • Behavior Monitoring and Control

  • Medical Diagnosis and Treatment

  • Fitness Monitoring

  • Others

 

By Components

  • Hardware

  • Software

  • Service

 

By Technology

  • RFID Devices

  • GPS

  • Sensors

  • Bluetooth



 

By Geography

  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia, and Rest of South America)

  • Rest of the World (Middle East and Africa).

 

COVID-19 / Ukraine Crisis - Impact Analysis:  

The COVID-19 pandemic has led to disruptions in global supply chains, affecting the production and distribution of various goods, including electronic components and technologies. This disruption could have influenced the availability of livestock wearables. Depending on the severity of the pandemic in different regions, disruptions in farm operations and labor shortages may have affected the implementation of new technologies, including livestock wearables. The immediate challenges posed by the pandemic, such as ensuring food supply chain stability and addressing workforce issues, may have led to a temporary shift in priorities for some farmers. Investments in technology, including wearables, might have been postponed or reevaluated.
 
The Ukraine crisis could disrupt the Livestock Wearables Market by causing Geopolitical tensions and crises Which can lead to disruptions in global supply chains. If any components of livestock wearables are sourced from regions affected by the crisis, it could impact the production and availability of these technologies. Geopolitical events can create economic uncertainty, affecting investment decisions across various sectors, including agriculture technology. Farmers may become more cautious about adopting new technologies, including livestock wearables, in times of economic instability.

Key Takeaways:

Hardware to Dominate the Livestock Monitoring Market

Hardware, particularly sensors and wearables, is crucial for collecting real-time data on various aspects of livestock health, behavior, and environmental conditions. Wearable devices equipped with sensors can monitor parameters such as temperature, activity levels, and vital signs. Hardware components enable the collection of diverse data points related to livestock. This data is essential for gaining insights into the overall health and well-being of animals. The connectivity features of hardware facilitate the transmission of this data for analysis. In livestock monitoring, the accuracy and reliability of data are paramount. Hardware components, including precision sensors and monitoring devices, contribute to the generation of reliable data, ensuring that farmers can make informed decisions based on accurate information.

Increasing Focus on Real Time Monitoring and Early Disease Detection

Real-time monitoring and early disease detection align with the principles of preventive healthcare for animals and precision agriculture for crops. By continuously monitoring the health and behavior of livestock or the condition of crops, farmers can identify potential issues at their early stages. The advancement of sensor technologies and data analytics allows for the collection and analysis of large volumes of data in real time. This data can be used to make informed and timely decisions. In agriculture and livestock management, this can mean detecting signs of disease, stress, or other issues before they become severe. Early detection of diseases or abnormalities can help prevent the spread of illnesses within a herd or a crop, reducing economic losses for farmers. Timely interventions, such as targeted treatments or adjustments to farming practices, can mitigate the impact of diseases on overall productivity.
 
Fastest Growth of Asia Pacific Region
 
APAC to witness the highest CAGR 14.6% from 2024 to 2030. The Asia Pacific region has experienced a rising demand for livestock products, including meat, dairy, and other animal-based products. As the demand increases, there is a greater need for efficient and technology-driven livestock management practices to optimize production and meet consumer demands. The Asia Pacific region has been undergoing rapid urbanization and industrialization. This shift has led to changes in traditional agricultural practices, with a growing emphasis on technology adoption in the agriculture sector, including livestock monitoring, to enhance productivity and sustainability.

High Cost of Livestock Monitoring Solutions

The high cost of livestock monitoring solutions can be a significant barrier to entry for small and medium-sized farms with limited budgets. These farms may be less likely to invest in expensive technologies, affecting the overall adoption rate of livestock wearables. Large-scale commercial farms may be more capable of absorbing the high costs associated with advanced livestock monitoring solutions. However, even for these operations, the return on investment (ROI) needs to be carefully evaluated. High costs may delay adoption until the economic benefits are clearly demonstrated. The high cost of entry may lead to a concentration of market players catering to larger, well-funded farms. This can create a competitive landscape where only a few companies dominate, potentially limiting innovation and diversity in the livestock wearable market.

Global Warming and Other Environmental Concerns

Livestock wearables, by enabling precision farming practices, contribute to resource efficiency. Monitoring the health and behavior of individual animals helps optimize feed usage, reducing overconsumption and subsequently lowering greenhouse gas emissions associated with digestion. Livestock wearables aid in monitoring reproductive cycles and health conditions, leading to more efficient breeding practices. This, in turn, helps manage herd sizes and can contribute to lower emissions associated with the overall livestock population.The adoption of precision livestock farming, enabled by wearables, allows for targeted and precise management of livestock. This minimizes the environmental impact of farming practices by optimizing resource use, minimizing waste, and reducing the overall ecological footprint.
 
Livestock Wearables Market Share (%) By Region, 2023

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Livestock Wearables Market. The top 10 companies in this industry are listed below:
 
1. Afimilk Ltd 
2. Allflex Livestock Intelligence 
3. Lely International NV
4. LPWAN Space 
5. Digital Matter 
6. Digit animal 
7. Postscapes 
8. Telonics Ltd
9. Ixorigue 
10. Animal Trackem 

Scope of Report: 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

12.5%

Market Size in 2030

$608 Million

Segments Covered

Product Type, Livestock Type, Application, Components, Technology, Geography



 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).




 

Key Market Players

  1. Afimilk Ltd

  2. Allflex Livestock Intelligence

  3. Lely International NV

  4. LPWAN Space

  5. Digital Matter

  6. Digit animal

  7. Postscapes

  8. Telonics Ltd

  9. Ixorigue

  10. Animal Trackem

 
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1. Livestock Wearables Market- Overview
2. Livestock Wearables Market- Executive Summary
3. Livestock Wearables Market- Comparative Analysis 
    3.1. Company Benchmarking – Key Companies
    3.2. Financials Analysis–Key Companies
    3.3. Market Share Analysis- Key Companies
    3.4. Patent Analysis - Global
    3.5. Pricing Analysis–Average Pricing
4. Livestock Wearables Market– Startup companies Scenario Premium 
    4.1. Investments
    4.2. Revenue
    4.3. Venture Capital and Funding Scenario
5. Livestock Wearables Market– Industry Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Case studies of successful ventures
6. Livestock Wearables Market- Forces
    6.1. Market Drivers
    6.2. Market Constraints & Challenges
    6.3. Porters five force model
        6.3.1. Bargaining power of suppliers
        6.3.2. Bargaining powers of customers
        6.3.3. Threat of new entrants
        6.3.4. Rivalry among existing players
        6.3.5. Threat of substitutes 
7. Livestock Wearables Market- Strategic Analysis 
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle Analysis
8. Livestock Wearables Market- By Product Type
    8.1. Smart Collar
    8.2. Smart Camera
    8.3. Smart Harness 
    8.4. Smart Vest 
    8.5. Others
9. Livestock Wearables Market- By Livestock Type
    9.1. Cattle
    9.2. Poultry
    9.3. Swine
    9.4. Equine
    9.5. Others
10. Livestock Wearables Market- By Application
    10.1. Identification and Tracking
    10.2. Behavior Monitoring and Control
    10.3. Medical Diagnosis and Treatment
    10.4. Fitness Monitoring
    10.5. Others
11. Livestock Wearables Market- By Components
    11.1. Hardware
    11.2. Software
    11.3. Service
12. Livestock Wearables Market- By Technology
    12.1. RFID Devices
    12.2. GPS
    12.3. Sensors
    12.4. Bluetooth
13. Livestock Wearables Market- By Geography
    13.1. North America
        13.1.1. U.S.
        13.1.2. Canada
        13.1.3. Mexico
    13.2. Europe
        13.2.1. U.K.
        13.2.2. Germany
        13.2.3. France
        13.2.4. Italy
        13.2.5. Spain
        13.2.6. Russia
        13.2.7. Netherlands
        13.2.8. Rest of Europe
    13.3. Asia-Pacific
        13.3.1. China
        13.3.2. Japan
        13.3.3. South Korea
        13.3.4. India
        13.3.5. Australia
        13.3.6. Indonesia
        13.3.7. Malaysia
        13.3.8. Rest of Asia-Pacific
    13.4. South America
        13.4.1. Brazil
        13.4.2. Argentina
        13.4.3. Chile
        13.4.4. Colombia
        13.4.5. Others
    13.5. Rest of the World
        13.5.1. Middle East
        13.5.2. Africa
14. Livestock Wearables Market– Entropy
15. Livestock Wearables Market – Industry/Segment Competition Landscape   
    15.1. Market Share Analysis
        15.1.1. Market Share by Region – Key companies
        15.1.2. Market Share by Countries – Key Companies
    15.2. Competition Matrix
    15.3. Best Practices for Companies
16. Livestock Wearables Market– Key Company List by Country Premium
17. Livestock Wearables Company Analysis (Overview, Financials, Developments, Product Portfolio)
    17.1. Afimilk Ltd 
    17.2. Allflex Livestock Intelligence 
    17.3. Lely International NV
    17.4. LPWAN Space 
    17.5. Digital Matter 
    17.6. Digit animal 
    17.7. Postscapes 
    17.8. Telonics Ltd
    17.9. Ixorigue 
    17.10. Animal Trackem 
 
"*Financials would be provided on a best-efforts basis for private companies"
 

The Livestock Wearables Market is projected to grow at 12.5% CAGR during the forecast period 2024-2030.

Global Livestock Wearables Market size is estimated to be $266 Million in 2023 and is projected to reach $608 Million by 2030.

The leading players in the Livestock Wearables Market are Afimilk Ltd , Allflex Livestock Intelligence, Lely International NV, LPWAN Space, Digital Matter, Digit animal, Postscapes, Telonics Ltd, Ixorigue, Animal Trackem and others.

Increasing Focus on Real Time Monitoring and Early Disease Detection, High Cost of Livestock Monitoring Solutions are some of the major Livestock Wearables Market trends in the industry which will create growth opportunities for the market during the forecast period

Technological advancements, Integration with Artificial Intelligence are the driving Factors and opportunities of the market.