Scope of the Study
Precision livestock farming is the advanced technologies which made possible by monitoring each individual animal or by statistical analysis. It allows farmers to constantly monitor as well as sustain livestock operations namely feeding, health, and milking. Ease of livestock management, greater sustainability, and higher productivity, augmented animal welfare, as well as government investments in precision livestock farming projects fillers, are likely to be a prime driver of the global precision livestock farming market. The market for precision livestock farming is anticipated to register a CAGR of over 17.1% during the forecast period.
The market study is being classified by Type (Precision Feeding Systems, Precision Milking Robots and Stable and FMS), by Application (Swine, Ruminant, Poultry and Others) and major geographies with country level break-up.
S.A.E. Afikim (Israel), Allflex (United States), BouMatic LLC (United States), Dairymaster (Ireland), DeLaval (United States) and GEA Group AG (Germany) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Precision Livestock Farming market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Precision Livestock Farming market by Type, Application and Region.
On the basis of geography, the market of Precision Livestock Farming has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Functional Process, the sub-segment i.e. Climate Control will boost the Precision Livestock Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Camera will boost the Precision Livestock Farming market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Preference for Protein-Based Diet Globally
- Increasing Usage of Big Data in Livestock Monitoring
- Technology Advancement in Precision livestock farming
- Stringent Safety Regulation regarding Animals in Stock Farming
- Rising Demand from Emerging Economics such as India, China and others
- Continuous Monitoring of Animal Health within the Big Groups of Animals
- Increasing Usage of Precision Livestock Farming is Foremost to Health Issues in Livestock
Market Leaders and their expansionary development strategies
In August 2017, according to an article published by Open Access Government, more than 60 billion animals are slaughtered every year for food production. In addition, demand for animal products is anticipated to increase by 75% by 2050 worldwide. Hence, it will affect the growth of the market in the future.
Key Target AudienceManufacturers of Precision Livestock Farming, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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