Precision Livestock Farming Market Forecast Report 2020 – 2027 – Top Key Players Analysis
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About Precision Livestock Farming Market
Precision livestock farming is defined as the process of using advanced technologies to optimize the contribution of each animal. It helps in enhancing the animal welfare on farms, decreases the emission of greenhouse gas, and increases the performance of farms.
The significant factors contributing to the precision livestock farming market growth include the growing penetration of IoT and artificial intelligence in dairy farming, the strong demand for dairy herd optimization, the increasing requirement for food protein, and the accelerating adoption of livestock monitoring management to decrease overall production cost. Precision agricultural technology has the potential to transform the livestock sector, making traditional agricultural activities more efficient and economical.
The rising global demand for dairy products, extended profitability and high yield, and minimum impact on the environment and the changing climatic conditions are some other factors that are anticipated to surge the growth of the precision livestock farming market size. Moreover, the rising penetration of livestock farming robots driven by the lack of skilled farmers and the increasing labor cost is encouraging the usage of these techniques to enhance their productivity. The growing number of dairy farms and the accelerating demand livestock monitoring technology in developing countries will open new doors for the growth of the market. On the other hand, factors such as high initial cost and lack of technical expertise among dairy farmers are likely to hamper the growth of the market.
Competitive Landscape
The notable players in the Precision Livestock Farming market include GEA Group, Dairymaster, Fancom B.V., Afimilk Ltd., DeLaval Inc., Antelliq, BouMatic, Lely International N.V., Fullwood Packo, and Waikato Milking Systems NZ LP, among others.
Market Segmentation
Precision Livestock Farming Market by Offering:
- Hardware
o Robotics Hardware
o RFID Tags & Readers
o Sensors
- Temperature Sensor
- Accelerometer Sensor
- Motion Sensor
- Environmental Humidity Sensor
- Others
o Cameras
o GPS
o Others
- Software
o On-Cloud
o On-Premise
- Services
o System Integration & Deployment
o Managed Service
o Maintenance & Support
Precision Livestock Farming Market by Technology:
- Milking Robots
o Single-Stall Unit
o Multi Stall Unit
o Automated Milking Rotary
- Precision Feeding Systems
- Livestock Identification & Tracking
Precision Livestock Farming Market by Application:
- Milk Harvesting
- Feeding Management
- Livestock Behaviour & Health Monitoring
- Other Applications
Precision Livestock Farming Market by Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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