The Global Livestock Monitoring System Market size was around USD 418.9 million in 2016. It is expected to grow at a CAGR of 17.9% to reach USD 954.29 million by 2021.
Hyderabad, India -- (SBWIRE) -- 03/02/2018 -- Livestock monitoring systems are used for watching tack rooms, sick animals, and observe animals in the trailer remotely. These systems monitor the whole livestock surroundings round the clock and alert the user by text, phone or email if the system alters from a pre-set parameter, for the prompt response. Currently, livestock monitoring systems market is experiencing gradual adoption of integrated monitoring systems, within which data from databases, sensors, and different information bases are combined, taken and analyzed. Several systems containing few of the elements of an integrated monitoring system are easily obtainable commercially for cattle, poultry, swine, and milk production.
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The Global Livestock Monitoring System Market size was valued at USD 418.9 million in 2016. It is calculated to grow with a CAGR of 17.9% to touch USD 954.29 million by 2021. Major drivers of the market embody growing size of dairy farms, increasing focus of major firms on technological advancements alongside new product launches, and substantial price savings related to livestock monitoring management.
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Progressive developments in sensor technology have been creating increasing amounts of knowledge relevant to observing animals and their atmosphere, and therefore their production, growth and health. Continuously rising demand for the massive cattle and poultry, new and advanced techniques are being used to assist the tracking and observance of animals. Poultry, cattle and other animals require absolute best living conditions to remain healthy and maximize their yield. Instrumentation failures like ventilation systems, circulation fans, heaters and air conditioners will threaten their health and might cause issues if not handled diligently.
Key factors driving the demand for livestock monitoring systems also include — increase in size and range of dairy farms, new product launches for livestock management, development of sensors which may gather a large range of data, and demand for price savings related to livestock observance & management. Constantly growing demand for the big beef and poultry, advanced techniques are being employed to assist the farmer in the observance and tracking of animals.
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As of now, North America with its advanced farming methods remains in the position of the top market share contributor. The Asia-Pacific market is predicted to provide a huge untapped market potential to the global market in the form of emerging markets in the region.
The leading companies in the present Livestock Monitoring Market are DairyMaster, Lely Holding S.À.R.L., DeLaval, GEA Group AG, Afimilk Ltd., Communications Group Lethbridge Ltd., Sensaphone. Rugged Networks Limited, BouMatic LLC., and SCR Dairy Inc.
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