Precision Livestock Farming Market Revenue, Growth, Developments, Size, Share and Forecast 2029

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Precision Livestock Farming Market size was valued at USD 3.82 Bn. in 2022 and the total Precision Livestock Farming revenue is expected to grow by 8.5 % from 2023 to 2029, reaching nearly USD 6.76 Bn.

Precision Livestock Farming Market Overview: 

The primary goal of this research is to assist the user in understanding the Precision Livestock Farming Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Precision Livestock Farming industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals. 

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Precision Livestock Farming Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Precision Livestock Farming Market Segmentation: 

Based on Offerings, it is anticipated that the hardware segment would account for a large majority of the worldwide precision livestock farming market throughout the forecast period. Hardware, software, and services make up the three primary market segments. In order to gather and analyze vital data points at both the individual and herd levels, the hardware devices used in precision livestock farming are essential. These gadgets collect information on the health, heat stress, feeding effectiveness, and estrus of animals, among other characteristics.

From 2023 to 2029, the feeding management application segment is anticipated to be the precision livestock farming market’s second-largest market size. This market is anticipated to increase significantly as a result of the rising awareness of livestock farm owners regarding the effective management of feed inventory and animal diets. With key minerals like phosphorus (P) and potassium (K) being crucial for healthy milk production, maintenance, and growth of dairy cattle, adequate feed intake is required for achieving high milk output in dairy cows.

Precision Livestock Farming Market, by Offering (2022-2029)
1. Hardware
2. Software
3. Services
Precision Livestock Farming Market, by Technology (2022-2029)
1. Identification And Tracking
2. Milking Robotic Systems
3. Poultry Monitoring and Robotic Systems
4. Precision Feeding Systems
5. Sensors And Monitoring Devices
6. Software And Data Analytics
7. GPS Tracking and Geolocation Systems
8. Others
Precision Livestock Farming Market, by Farm Type (2022-2029)
1. Dairy Farms
2. Poultry Farms
3. Swine Farms
4. Others (Equine and Bovine Farms)
Precision Livestock Farming Market, by Application (2022-2029)
1. Livestock Health and Behavior Monitoring Management
2. Environmental Monitoring
3. Feed Management
4. Milk Harvesting
5. Sorting, Animal Weighing Data Analysis, And Financial
6. Waste Management
Precision Livestock Farming Market, by Region (2022-2029)
5. North America
5. Europe
5. Asia Pacific
5. Middle East and Africa
5. South America

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Precision Livestock Farming Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Precision Livestock Farming market are

1. Afimlik (Israel)
3. Allflex (Israel)
4. Antelliq
5. BouMatic (US)
7. Connecterra
8. Cowlar
9. Dairymaster (Ireland)
10. DeLaval (Sweden)
11. Fancom B.V.
12. Farm Control
13. Fullwood Paco Ltd.
14. GEA Farm Technology (Germany)
16. HokoFarm-Group
17. IceRobotics
18. Lely International (Netherlands)
20. Moocall
21. Trioliet B.V
22. VDL Agrotech
23. Waikato Milking System

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Regional Analysis:

The report focuses on Global Regions and Market Size of Precision Livestock Farming, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on Precision Livestock Farming Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Precision Livestock Farming industry in 2021.

Key Questions Answered in the Precision Livestock Farming Market Report are: 

  • What is the function of Precision Livestock Farming?
  • What is the predicted revenue generation of the Precision Livestock Farming market?
  • At what growth rate is the Precision Livestock Farming market evolving?
  • Who are the major market giants operating in the Precision Livestock Farming market?

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