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Global Precision Livestock Farming Market by System Type (Milking Robotic Systems, Precision Feeding Systems, Livestock Monitoring Systems), Application, Offering, Farm Type (Dairy, Swine, Poultry), Farm Size and Geography - Forecast to 2028

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    Report

  • 278 Pages
  • May 2023
  • Region: Global
  • Markets and Markets
  • ID: 5204205
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Increasing Labor Cost and Consolidation of Livestock Farms in Developed Regions to Propel Demand

The global precision livestock farming market is estimated to be USD 6.9 billion in 2023 and projected to reach USD 11.2 billion by 2028, at a CAGR of 10.2%. Increasing need for optimization of dairy and poultry farms and the growing demand for livestock products are the primary drivers for the growth of the precision livestock farming market. Furthermore, increase in the number of dairy farms and rise in the adoption of livestock farming products in developing countries are expected to create opportunities for technology providers in this market. On the other hand, high initial investment, and lack of technological awareness among farmers are expected to restrain the growth of the precision livestock farming market during the forecast period.

The market for poultry monitoring and robotic systems to witness highest CAGR during the forecast period

The poultry monitoring and robotic systems segment is expected to witness the highest growth rate during the forecast period. Robotics is still at a nascent stage in poultry farms, with only a few players catering to the poultry segment. However, this segment is expected to grow at a substantial pace in the near future. Companies such as Farm Automation and Robotics SL (Faromatics), Octopus Biosafety, MSD Animal Health, and Tibot have significantly contributed to poultry farm robotics by introducing innovative products. Poultry monitoring and robotic systems have witnessed steady demand over the last few years due to rising labor costs and efforts to improve poultry farm operations. In poultry farms, advanced camera systems and smart sensors are used to detect the activity of birds, stress among flocks, and monitor the growth of birds. Robotic systems are also being increasingly used for monitoring purposes that provide farm-related information in real-time to farm operators for better decision-making.

The precision livestock farming software and services market is likely to grow at a higher CAGR between 2023 and 2028

The software and services segment market is expected to grow at the highest CAGR during the forecast period. The technological advancements in software and services used in precision livestock farming management systems are one of the key factors driving the market over the past few years. There is a growing demand for managed and maintenance services owing to the growing demand for livestock farming technology among livestock owners. Precision livestock farming is witnessing accelerated adoption of emerging technologies such as artificial intelligence, machine learning, and the Internet of Things. The connected farming environment has led the farmers to monitor different aspects of the farm and for efficient management. The integration of hardware and software has led to the development of several analytical tools to monitor the health and behavior of animals with a few of them providing suggestions to manage different situations pertaining to animal health.

The market for milk harvesting applications is likely to account for the largest market share from 2023 to 2028

Milk harvesting application is expected to hold the largest market share among all application segments during the forecast period mainly due to rising demand for milking robots on dairy farms from mid-sized to large-sized farms worldwide. Milk harvesting can be done once or twice a day, depending on the animal and the management practices. Proper hygiene and sanitation are crucial during the milking process to prevent the spread of diseases and ensure milk quality. Dairy farmers must also ensure their animals receive good nutrition and care to maintain optimal milk production. Companies such as DeLaval and GEA Group Aktiengesellschaft are launching new milking machines and robots to meet the growing demand for milk and dairy products and help farmers increase their productivity. These new machines and robots may incorporate innovative technologies and features that improve efficiency, milk quality, and animal welfare.

China is expected to account for the largest share of the precision livestock farming market in Asia-Pacific between 2023 and 2028

Increasing number of dairy cows, the high efficiency of dairy farms, and rising milk production are some of the major factors propelling the growth of the precision livestock farming market in China. The livestock industry in China is organized, and the country has many commercial farms with larger herd sizes. More than 40% of the dairy farms in China have herd size of more than 100 cows, and more than 25% of total farms in China have herd size of more than 500 cows. The country accounts for almost half of the world’s pork supply and has huge pig farms in the eastern region. Due to the rapid consolidation of smaller farms in China, the adoption of autonomous livestock technology is expected to increase in the coming years.

The breakup of primaries conducted during the study is depicted below:

  • By Company Type: Tier 1 - 35 %, Tier 2 - 40%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 57%, Directors - 29%, and Others - 14%
  • By Region: North America - 30%, South America - 15%, Europe - 20%, APAC - 25%, and RoW - 10%

The major players in the precision livestock farming market are DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), Lely International (Netherlands), Dairymaster (Ireland), Livestock Improvement Corporation (New Zealand), Fancom (Netherlands), and Fullwood Packo (UK).

Research Coverage

The report segments the precision livestock farming market and forecasts its size, by volume and value, based on region (Americas, Europe, Asia-Pacific, and RoW), offering (hardware, software, and services), system type (milking robotic systems, precision feeding systems, livestock monitoring systems, and poultry monitoring and robotic systems), farm type (dairy farms, swine farms, poultry farms, others (equine and bovine farms), farm size (small farms, mid-sized farms, large farms), and application (milk harvesting, feeding management, livestock health and behavior monitoring and others (Calf Management, Genetic Management, Cattle Sorting, Data Analysis, and Financial Management).

The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the precision livestock farming market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Reasons to Buy the Report

  • Analysis of key drivers (Implementation of IoT-and AI-enabled devices for livestock monitoring, transition from precision livestock farming to decision livestock farming, surging labor costs and rising demand for automation in livestock industry, growing demand for protein and dairy products, supporting government policies and incentive programs promoting dairy farm mechanization), restraints (High upfront cost and marginal return on investment, lack of technological awareness among livestock farmers, availability of plant-based alternative products for dairy milk), opportunities (increasing adoption of livestock monitoring technology in developing countries, increasing number of dairy, poultry and swine farms, growing popularity of poultry robots and BSC smart cameras), and challenges (global warming and other environmental concerns, emergence & re-emergence of diseases and environmental concerns) influencing the growth of the precision livestock farming market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the precision livestock farming market
  •  Market Development: Comprehensive information about lucrative markets - the report analyses the precision livestock farming market across varied regions
  •  Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the precision livestock farming market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), Lely International (Netherlands), Dairymaster (Ireland), Livestock Improvement Corporation (New Zealand), Fancom (Netherlands), and Fullwood Packo (UK). among others in the precision livestock farming market strategies

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition and Scope
1.3 Inclusions and Exclusions
1.3.1 Inclusions and Exclusions for Offering Segment
1.3.2 Inclusions and Exclusions for System Type Segment
1.3.3 Inclusions and Exclusions for Other Segments
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Geographic Scope
1.4.3 Years Considered
1.5 Summary of Changes
1.6 Currency Considered
1.7 Limitations
1.8 Stakeholders
1.9 Impact of Recession on Precision Livestock Farming Market

2 Research Methodology
2.1 Research Data
Figure 1 Precision Livestock Farming Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Capture Market Size by Bottom-Up Analysis
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Capture Market Size by Top-Down Analysis
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Size Estimation: Supply-Side Approach
Figure 5 Market Size Estimation: Demand-Side Approach
2.3 Research Assumptions
2.4 Risk Assessment
Table 1 Risk Assessment: Precision Livestock Farming Market
2.5 Market Breakdown and Data Triangulation
Figure 6 Data Triangulation
2.6 Recession Impact Assessment: Precision Livestock Farming Market

3 Executive Summary
Figure 7 Precision Livestock Farming Market, 2019-2028 (USD Million)
Figure 8 Services Segment to Record Highest CAGR from 2023 to 2028
Figure 9 Livestock Health & Behavior Monitoring to Record Highest CAGR from 2023 to 2028
Figure 10 Milking Robotic Systems to Account for Largest Market Size During Forecast Period
Figure 11 Poultry Farms to Record Highest CAGR During Forecast Period
Figure 12 Large Farms Secured Largest Market Share in 2023
Figure 13 Asia-Pacific Likely to Record Highest CAGR During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities for Players in Precision Livestock Farming Market
Figure 14 Increasing Labor Cost and Consolidation of Livestock Farms in Developed Regions to Propel Market
4.2 Precision Livestock Farming Market in Asia-Pacific, by System Type and Country
Figure 15 Precision Feeding Systems and China Secured Largest Share of Market in Asia-Pacific in 2022
4.3 Precision Livestock Farming Market, by System Type
Figure 16 Milking Robotic Systems to Hold Largest Market Share During 2023-2028
4.4 Precision Livestock Farming Market, by Application
Figure 17 Milk Harvesting to Dominate Market During 2023-2028
4.5 Precision Livestock Farming Market, by Offering
Figure 18 Hardware Segment to Dominate Market During Forecast Period
4.6 Precision Livestock Farming Market, by Farm Type
Figure 19 Dairy Farms to Dominate Market During Forecast Period
4.7 Precision Livestock Farming Market, by Farm Size
Figure 20 Large-Sized Farms Anticipated to Lead Market During Forecast Period
4.8 Regional Analysis of Precision Livestock Farming Market
Figure 21 Europe to Hold Largest Market Share from 2023 to 2028

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 22 Precision Livestock Farming Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Implementation of IoT- and AI-Enabled Devices for Livestock Monitoring
Figure 23 Installed Base of Livestock RFID Tags, 2018-2032 (Million Units)
5.2.1.2 Transition from Precision Livestock Farming to Decision Livestock Farming
5.2.1.3 Surging Labor Costs and Rising Demand for Automation in Livestock Industry
5.2.1.4 Increasing Focus on Real-Time Monitoring and Early Disease Detection
5.2.1.5 Growing Demand for Protein and Dairy Products
Figure 24 Meat Consumption Per Capita (KG/Capita)
5.2.1.6 Supporting Government Policies and Incentive Programs Promoting Dairy Farm Mechanization
Figure 25 Impact Analysis: Drivers
5.2.2 Restraints
5.2.2.1 High Upfront Cost and Marginal Return on Investment
Figure 26 Price Trend of Automated Milking Robots (USD Thousand) 2017-2025
5.2.2.2 Lack of Technological Awareness Among Livestock Farmers
5.2.2.3 Availability of Plant-based Products as Alternative
Table 2 Average Amount of Water Used and Co2 Produced by Different Types of Milk, Per Liter, 2020
Figure 27 Total Number of Participants in Veganuary Program, 2014-2022
Figure 28 Impact Analysis: Restraints
5.2.3 Opportunities
5.2.3.1 Rising Adoption of Livestock Monitoring Technology in Developing Countries
Table 3 Precision Livestock Farming: Global Technology Adoption
5.2.3.2 Increasing Number of Dairy, Poultry, and Swine Farms
Figure 29 Cattle Inventory of Major Countries in 2021 (Million Units)
5.2.3.3 Growing Popularity of Poultry Robots and BSC Smart Cameras
Figure 30 Impact Analysis: Opportunities
5.2.4 Challenges
5.2.4.1 Global Warming and Other Environmental Concerns
Table 4 Emissions Intensity of Agricultural Commodities (KG Co2 EG/KG)
5.2.4.2 Emergence and Re-Emergence of Diseases and Environmental Concerns
Figure 31 Impact Analysis: Challenges
5.3 Supply Chain Analysis
Figure 32 Precision Livestock Farming Market: Supply Chain Analysis
5.4 Precision Livestock Farming Market Ecosystem
Table 5 Precision Livestock Farming Market: Ecosystem
Figure 33 Precision Livestock Farming Market: Key Players in Ecosystem
5.5 Pricing Analysis: Average Selling Price Trends
5.5.1 Pricing Analysis: Livestock Monitoring Devices
Table 6 Average Selling Price of Livestock Monitoring Devices
Figure 34 Asp Trend for RFID Tags Used for Livestock Monitoring
5.5.2 Pricing Analysis: Milking Robots
Figure 35 Asp Trend for Milking Robots
5.6 Trends/Disruptions Impacting Customers' Businesses
Figure 36 Precision Livestock Farming Market: Revenue Shift
5.7 Technology Analysis
5.7.1 Body Conditioning Scoring Systems
5.7.2 Agricultural Drones
5.7.3 Automatic Cattle Traffic Management Systems
5.7.4 Parlor Monitoring Systems
5.7.5 Technologies Adopted in Dairy and Poultry Farms
5.8 Porter's Five Forces Analysis
Figure 37 Precision Livestock Farming Market: Porter's Five Forces Analysis
Figure 38 Porter's Five Forces Analysis
Table 7 Precision Livestock Farming Market: Impact of Porter's Five Forces Analysis
5.8.1 Threat of New Entrants
5.8.2 Threat of Substitutes
5.8.3 Bargaining Power of Suppliers
5.8.4 Bargaining Power of Buyers
5.8.5 Intensity of Competitive Rivalry
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in Buying Process
Figure 39 Influence of Stakeholders on Buying Process for Top Three Applications
Table 8 Influence of Stakeholders on Buying Process for Top Three Applications
5.9.2 Buying Criteria
Figure 40 Key Buying Criteria for Top Three Applications
Table 9 Key Buying Criteria for Top Three Applications
5.10 Case Study Analysis
5.10.1 Improvement in Milking Procedure at Newlands Family Farm, US
Table 10 Delaval VMS V300 Milking Robots Enhance Overall Milking Process
5.10.2 Increase in Labor Productivity at Van Adrichem's Family Dairy Farm, Australia
Table 11 Lely Astronaut Milking Robots Improve Labor Efficiency
5.10.3 Adoption of Cow Monitors to Boost Dairy Production
Table 12 Allflex Monitors Rumination and Activity of Cows
5.11 Trade Analysis
Table 13 Import Data for Milking Machines, HS Code: 843410, by Country, 2017-2021 (USD Million)
Figure 41 Milking Machines Import Values for Major Countries (2017-2021)
Table 14 Export Data for Milking Machines, HS Code: 843410, by Country, 2017-2021 (USD Million)
Figure 42 Milking Machines Export Values for Major Countries (2017-2021)
5.12 Patent Analysis
Figure 43 Precision Livestock Farming Market: Number of Patents Granted (2013-2022)
Figure 44 Precision Livestock Farming Market: Regional Analysis of Patents Granted (2013-2022)
Table 15 Precision Livestock Farming Market: List of Key Patents (2019-2022)
5.13 Key Conferences and Events, (2023-2024)
Table 16 Precision Livestock Farming Market: Detailed List of Conferences and Events
5.14 Tariff and Regulatory Landscape
5.14.1 Tariffs
Table 17 MFN Tariffs for Milking Machines Exported by France
5.14.2 Regulations
5.14.2.1 North America
5.14.2.2 Australia
5.14.2.3 Europe
5.14.3 Standards
5.14.3.1 International Organization of Standardization

6 Precision Livestock Farming Market, by System Type
6.1 Introduction
Table 18 Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Figure 45 Poultry Monitoring and Robotic Systems Segment to Record Highest CAGR from 2023 to 2028
Table 19 Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
6.2 Milking Robotic Systems
Table 20 Milking Robotic Systems: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Table 21 Milking Robotic Systems: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 22 Milking Robotic Systems: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Figure 46 Precision Livestock Farming Market for Milking Robotic Systems in Asia-Pacific to Display Highest CAGR from 2023 to 2028
Table 23 Milking Robotic Systems: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
Table 24 Milking Robotic Systems: Precision Livestock Farming Market, by Farm Size, 2019-2022 (USD Million)
Table 25 Milking Robotic Systems: Precision Livestock Farming Market, by Farm Size, 2023-2028 (USD Million)
6.2.1 Single-Stall Milking Units
6.2.1.1 Used Across Small and Mid-Sized Dairy Farms
6.2.2 Multi-Stall Milking Units
6.2.2.1 Suitable for Mid-Sized Dairy Farms
6.2.3 Automated Milking Rotary
6.2.3.1 Provides Information Necessary to Monitor and Analyze Herd Performance
6.3 Precision Feeding Systems
6.3.1 Increasing Adoption of Feeding Robots to Mitigate Labor Shortage Issue
Table 26 Precision Feeding Systems: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Figure 47 Services Segment to Record Highest CAGR in Market for Precision Feeding Systems During 2023-2028
Table 27 Precision Feeding Systems: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 28 Precision Feeding Systems: Precision Livestock Farming Market, by Farm Type, 2019-2022 (USD Million)
Table 29 Precision Feeding Systems: Precision Livestock Farming Market, by Farm Type, 2023-2028 (USD Million)
Table 30 Precision Feeding Systems: Precision Livestock Farming Market, by Farm Size, 2019-2022 (USD Million)
Figure 48 Small Farms Segment to Exhibit Highest CAGR in Market for Precision Feeding Systems During Forecast Period
Table 31 Precision Feeding Systems: Precision Livestock Farming Market, by Farm Size, 2023-2028 (USD Million)
Table 32 Precision Feeding Systems: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 33 Precision Feeding Systems: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
6.4 Livestock Monitoring Systems
6.4.1 Growing Development of Active RFID Tags in Medium-Sized and Large Livestock Farms
Table 34 Livestock Monitoring Systems: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Table 35 Livestock Monitoring Systems: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 36 Livestock Monitoring Systems: Precision Livestock Farming Market, by Application, 2019-2022 (USD Million)
Figure 49 Feeding Management Segment to Display Highest CAGR in Market for Livestock Identification, Monitoring, and Tracking Systems During Forecast Period
Table 37 Livestock Monitoring Systems: Precision Livestock Farming Market, by Application, 2023-2028 (USD Million)
Table 38 Livestock Monitoring Systems: Precision Livestock Farming Market, by Farm Type, 2019-2022 (USD Million)
Table 39 Livestock Monitoring Systems: Precision Livestock Farming Market, by Farm Type, 2023-2028 (USD Million)
Table 40 Livestock Monitoring Systems: Precision Livestock Farming Market, by Farm Size, 2019-2022 (USD Million)
Table 41 Livestock Monitoring Systems: Precision Livestock Farming Market, by Farm Size, 2023-2028 (USD Million)
Table 42 Livestock Monitoring Systems: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 43 Livestock Monitoring Systems: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
6.5 Poultry Monitoring and Robotic Systems
6.5.1 Rising Efforts to Improve Poultry Farm Operations
Table 44 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Figure 50 Software Segment to Register Highest CAGR in Market for Poultry Monitoring and Robotic System During Forecast Period
Table 45 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 46 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Application, 2019-2022 (USD Million)
Table 47 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Application, 2023-2028 (USD Million)
Table 48 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Farm Size, 2019-2022 (USD Million)
Table 49 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Farm Size, 2023-2028 (USD Million)
Table 50 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 51 Poultry Monitoring and Robotic Systems: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)

7 Precision Livestock Farming Market, by Offering
7.1 Introduction
Table 52 Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Figure 51 Precision Livestock Market for Services to Record at Highest CAGR During Forecast Period
Table 53 Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
7.2 Hardware
Table 54 Hardware: Precision Livestock Farming Market, by Type, 2019-2022 (USD Million)
Table 55 Hardware: Precision Livestock Farming Market, by Type, 2023-2028 (USD Million)
Table 56 Hardware: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 57 Hardware: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
Table 58 Hardware: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Figure 52 Precision Livestock Market for Hardware in Asia-Pacific Expected to Record Highest CAGR During Forecast Period
Table 59 Hardware: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
7.2.1 Robotics Hardware
7.2.1.1 Increasing Herd Size of Dairy Farms and Rising Labor Costs
7.2.2 RFID Tags & Readers
7.2.2.1 Rising Adoption of Low-Frequency RFID Tags to Identify & Track Livestock
7.2.3 Sensors
7.2.3.1 Ensure Continuous Productivity of Healthy Herd
7.2.3.2 Temperature Sensors
7.2.3.3 Accelerometer Sensors
7.2.3.4 Motion Sensors
7.2.3.5 Environmental Humidity Sensors
7.2.3.6 Others
7.2.4 Cameras
7.2.4.1 Increasing Awareness Among Ranchers Regarding for Remote Livestock Monitoring Technology
7.2.5 GPS
7.2.5.1 Surging Demand for Livestock Location Tracking
7.2.6 Others
7.3 Software
Table 60 Software: Precision Livestock Farming Market, by Type, 2019-2022 (USD Million)
Figure 53 Precision Livestock Market for AI and Data Analytics to Display Highest CAGR During Forecast Period
Table 61 Software: Precision Livestock Farming Market, by Type, 2023-2028 (USD Million)
Table 62 Software: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 63 Software: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
Table 64 Software: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 65 Software: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
7.3.1 On-Cloud
7.3.1.1 Provides Flexibility and Scalability and is Affordable
7.3.2 On-Premise
7.3.2.1 Beneficial for Organizations Migrating from One System to Another
7.3.3 AI and Data Analytics
7.3.3.1 Drives Decision-Making of Livestock Farm Owners
7.4 Services
7.4.1 Increasing Deployment of Livestock Farming Devices and Equipment
Table 66 Services: Precision Livestock Farming Market, by Type, 2019-2022 (USD Million)
Figure 54 System Integration & Consulting Services to Capture Largest Market Share in 2028
Table 67 Services: Precision Livestock Farming Market, by Type, 2023-2028 (USD Million)
Table 68 Services: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 69 Services: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
Table 70 Services: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 71 Services: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
7.4.2 System Integration & Consulting
7.4.3 Managed Services
7.4.4 Maintenance & Support Services

8 Precision Livestock Farming Market, by Farm Type
8.1 Introduction
Table 72 Precision Livestock Farming Market, by Farm Type, 2019-2022 (USD Million)
Figure 55 Poultry Farms to Register Highest CAGR During Forecast Period
Table 73 Precision Livestock Farming Market, by Farm Type, 2023-2028 (USD Million)
8.2 Dairy Farms
8.2.1 Significant Use of Robotic Milking Systems in Large Farms
Table 74 Dairy Farms: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 75 Dairy Farms: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
8.3 Swine Farms
8.3.1 High Adoption of RFID and Cameras to Monitor Swine Health and Body Temperature
Table 76 Swine Farms: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Figure 56 Swine Farms to Record Highest CAGR in Market for Livestock Identification, Monitoring, and Tracking Systems
Table 77 Swine Farms: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
8.4 Poultry Farms
8.4.1 Predominant Use of Several Farming Solutions Including Cameras in Poultry Farms
Table 78 Poultry Farms: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 79 Poultry Farms: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
8.5 Others
Table 80 Others: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 81 Others: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)

9 Precision Livestock Farming Market, by Farm Size
9.1 Introduction
Table 82 Precision Livestock Farming Market, by Farm Size, 2019-2022 (USD Million)
Figure 57 Precision Livestock Farming Market for Small Farms to Exhibit Highest CAGR from 2023 to 2028
Table 83 Precision Livestock Farming Market, by Farm Size, 2023-2028 (USD Million)
9.2 Small Farms
9.2.1 Common in Developing South and Southeast Asian Countries
Table 84 Small Farms: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 85 Small Farms: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
9.3 Mid-Sized Farms
9.3.1 Most Commonly Observed in Mid-Sized Farms
Table 86 Mid-Sized Farms: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 87 Mid-Sized Farms: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
9.4 Large Farms
9.4.1 Offer Economies of Scale to Farm Owners Involved in Capital-Intensive Farming
Table 88 Large Farms: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 89 Large Farms: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)

10 Precision Livestock Farming Market, by Application
10.1 Introduction
Table 90 Precision Livestock Farming Market, by Application, 2019-2022 (USD Million)
Figure 58 Livestock Behavior & Health Monitoring to Record Highest CAGR from 2023 to 2028
Table 91 Precision Livestock Farming Market, by Application, 2023-2028 (USD Million)
10.2 Milk Harvesting
10.2.1 Rising Demand for Milking Robots on Dairy Farms
Table 92 Milk Harvesting: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 93 Milk Harvesting: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
10.3 Feeding Management
10.3.1 Growing Awareness Among Livestock Farm Owners for Better Management of Feed Inventory and Animal Diets
Table 94 Feeding Management: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 95 Feeding Management: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
10.4 Livestock Behavior and Health Monitoring
10.4.1 Increasing Awareness Among Ranchers and Dairy Farm Owners to Track Heat Detection and Early Disease Identification
Table 96 Livestock Health & Behavior Monitoring: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Figure 59 Europe to Lead Market for Livestock Behavior & Health Monitoring During Forecast Period
Table 97 Livestock Health & Behavior Monitoring: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
10.5 Others
Table 98 Others: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Figure 60 Asia-Pacific to Record Highest CAGR in Market for Other Applications During Forecast Period
Table 99 Others: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)

11 Precision Livestock Farming Market, by Geography
11.1 Introduction
Figure 61 Regional Snapshot: India to Witness Highest CAGR from 2023 to 2028
Table 100 Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 101 Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
11.2 Americas
Figure 62 Americas: Precision Livestock Farming Market Snapshot
11.2.1 Americas: Recession Impact
Figure 63 Americas: Impact of Recession (Pre-Recession Scenario vs. Post-Recession Scenario)
Table 102 Americas: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 103 Americas: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
Table 104 Americas: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 105 Americas: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
Table 106 Americas: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Table 107 Americas: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 108 Americas: Precision Livestock Farming Market, by Application, 2019-2022 (USD Million)
Table 109 Americas: Precision Livestock Farming Market, by Application, 2023-2028 (USD Million)
11.2.2 North America
Table 110 North America: Precision Livestock Farming Market, by Country, 2019-2022 (USD Million)
Table 111 North America: Precision Livestock Farming Market, by Country, 2023-2028 (USD Million)
Table 112 North America: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 113 North America: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
11.2.2.1 US
11.2.2.1.1 US to Remain Largest Market for Precision Livestock Farming in Region
11.2.2.2 Canada
11.2.2.2.1 Substantial Demand Generated by Dairy Industry
11.2.2.3 Mexico
11.2.2.3.1 Growing Cattle Industry
11.2.3 South America
Table 114 South America: Precision Livestock Farming Market, by Country, 2019-2022 (USD Million)
Table 115 South America: Precision Livestock Farming Market, by Country, 2023-2028 (USD Million)
Table 116 South America: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 117 South America: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
11.2.3.1 Brazil
11.2.3.1.1 Rapid Adoption of Precision Livestock Farming Technology by Commercial Farmers
11.2.3.2 Argentina
11.2.3.2.1 Large Cattle Population to Accelerate Demand for Livestock Identification, Monitoring, and Tracking
11.2.3.3 Rest of South America
11.3 Europe
Figure 64 Europe: Precision Livestock Farming Market Snapshot
11.3.1 Europe: Recession Impact
Figure 65 Europe: Impact of Recession (Pre-Recession Scenario vs. Post-Recession Scenario)
Table 118 Europe: Precision Livestock Farming Market, by Country, 2019-2022 (USD Million)
Table 119 Europe: Precision Livestock Farming Market, by Country, 2023-2028 (USD Million)
Table 120 Europe: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 121 Europe: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
Table 122 Europe: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Table 123 Europe: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 124 Europe: Precision Livestock Farming Market, by Application, 2019-2022 (USD Million)
Table 125 Europe: Precision Livestock Farming Market, by Application, 2023-2028 (USD Million)
11.3.2 UK
11.3.2.1 Established Milk and Meat Industries to Support Market Growth
11.3.3 Germany
11.3.3.1 Largest Dairy Producer in Region to Propel Market
11.3.4 France
11.3.4.1 Growing Number of Livestock Farms to Contribute to Market Growth
11.3.5 Denmark
11.3.5.1 High Adoption of Automated Milk Harvesting Systems to Drive Market
11.3.6 Sweden
11.3.6.1 Higher Adoption of Precision Livestock Farming Technologies to Fuel Market
11.3.7 Netherlands
11.3.7.1 Surging Adoption of Precision Livestock Farming Solutions in Milk Harvesting and Feeding Management Applications to Drive Market
11.3.8 Rest of Europe
11.4 Asia-Pacific
Figure 66 Asia-Pacific: Precision Livestock Farming Market Snapshot
11.4.1 Asia-Pacific: Recession Impact
Figure 67 Asia-Pacific: Impact of Recession (Pre-Recession Scenario vs. Post-Recession Scenarios)
Table 126 Asia-Pacific: Precision Livestock Farming Market, by Country, 2019-2022 (USD Million)
Table 127 Asia-Pacific: Precision Livestock Farming Market, by Country, 2023-2028 (USD Million)
Table 128 Asia-Pacific: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 129 Asia-Pacific: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
Table 130 Asia-Pacific: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Table 131 Asia-Pacific: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 132 Asia-Pacific: Precision Livestock Farming Market, by Application, 2019-2022 (USD Million)
Table 133 Asia-Pacific: Precision Livestock Farming Market, by Application, 2023-2028 (USD Million)
11.4.2 China
11.4.2.1 Modern Farm Practices for Sustainable Development in Dairy Farm Yield
11.4.3 Japan
11.4.3.1 Aging Agriculture Workforce and Government Support
11.4.4 India
11.4.4.1 Proliferation of Commercial Farms with Deployment of Modern Technologies
11.4.5 Australia & New Zealand
11.4.5.1 High Awareness Among Dairy Farm Owners
11.4.6 Rest of Asia-Pacific
11.5 RoW
Table 134 RoW: Precision Livestock Farming Market, by Region, 2019-2022 (USD Million)
Table 135 RoW: Precision Livestock Farming Market, by Region, 2023-2028 (USD Million)
Table 136 RoW: Precision Livestock Farming Market, by System Type, 2019-2022 (USD Million)
Table 137 RoW: Precision Livestock Farming Market, by System Type, 2023-2028 (USD Million)
Table 138 RoW: Precision Livestock Farming Market, by Offering, 2019-2022 (USD Million)
Table 139 RoW: Precision Livestock Farming Market, by Offering, 2023-2028 (USD Million)
Table 140 RoW: Precision Livestock Farming Market, by Application, 2019-2022 (USD Million)
Table 141 RoW: Precision Livestock Farming Market, by Application, 2023-2028 (USD Million)
11.5.1 Middle East
11.5.1.1 Growing Adoption of Smart Agriculture Solutions by Large Farmlands
11.5.2 Africa
11.5.2.1 Investments Toward Development of New Commercial Farming Enterprises

12 Competitive Landscape
12.1 Introduction
12.2 Strategies Adopted by Key Players
Table 142 Overview of Strategies Adopted by Key Players
12.3 Market Share Analysis
Figure 68 Precision Livestock Farming Market: Market Share Analysis
Table 143 Precision Livestock Farming Market: Intensity of Competitive Rivalry
12.4 Revenue Analysis
Figure 69 Precision Livestock Farming Market: Revenue Share Analysis of Top Five Players (2018-2022)
12.5 Company Evaluation Quadrant
12.5.1 Stars
12.5.2 Pervasive Players
12.5.3 Emerging Leaders
12.5.4 Participants
Figure 70 Precision Livestock Farming Market (Global): Company Evaluation Quadrant
12.6 Company Footprint
Table 144 Company Footprint
Table 145 Company Footprint, by System Type
Table 146 Company Footprint, by Application
Table 147 Company Footprint, by Region
12.7 Startups/SMEs/ Evaluation Quadrant
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
Figure 71 Precision Livestock Farming Market: Evaluation Quadrant for Startups/SMEs
Table 148 Precision Livestock Farming Market: Detailed List of Key Startups/SMEs
Table 149 Precision Livestock Farming Market: Competitive Benchmarking of Key Startups/SMEs
12.8 Competitive Scenarios and Trends
12.8.1 Precision Livestock Farming Market
12.8.1.1 Product/Service Launches
Table 150 Precision Livestock Farming Market: Product/Solution/Service Launches
12.8.1.2 Deals
Table 151 Precision Livestock Farming Market: Deals
12.8.1.3 Other Developments
Table 152 Other Developments

13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 Key Players
13.1.1 Delaval
Table 153 Delaval: Company Snapshot
Figure 72 Delaval: Company Snapshot
Table 154 Delaval: Products/Solutions/Services Offered
Table 155 Delaval: Product/Solution/Service Launches
Table 156 Delaval: Deals
Table 157 Delaval: Other Developments
13.1.2 Gea Group
Table 158 Gea Group: Company Snapshot
Figure 73 Gea Group: Company Snapshot
Table 159 Gea Group: Products/Solutions/Services Offered
Table 160 Gea Group: Product/Solution/Service Launches
Table 161 Gea Group: Deals
Table 162 Gea Group: Other Developments
13.1.3 Afimilk Ltd.
Table 163 Afimilk Ltd.: Company Snapshot
Table 164 Afimilk Ltd.: Products/Solutions/Services Offered
Table 165 Afimilk Ltd.: Product/Solution/Service Launches
Table 166 Afimilk Ltd.: Deals
Table 167 Afimilk Ltd.: Other Developments
13.1.4 Allflex Livestock Intelligence (Subsidiary of MSD Animal Health)
Table 168 Allflex Livestock Intelligence: Company Snapshot
Table 169 Allflex Livestock Intelligence: Products/Solutions/Services Offered
Table 170 Allflex Livestock Intelligence: Product/Solution/Service Launches
Table 171 Allflex Livestock Intelligence: Deals
Table 172 Allflex Livestock Intelligence: Other Developments
13.1.5 Nedap N.V.
Table 173 Nedap N.V.: Business Overview
Figure 74 Nedap N.V.: Company Snapshot
Table 174 Nedap N.V.: Products Offered
Table 175 Nedap N.V.: Deals
13.1.6 Lely International
Table 176 Lely International: Company Snapshot
Table 177 Lely International: Products/Solutions/Services Offered
Table 178 Lely International: Products/Solutions/Services Offered
Table 179 Lely International: Deals
13.1.7 Waikato Milking Systems
Table 180 Waikato Milking Systems: Business Overview
Table 181 Waikato Milking Systems: Products/Solutions/Services Offered
Table 182 Waikato Milking Systems: Product/Solution/Service Launches
13.1.8 Livestock Improvement Corporation
Table 183 Livestock Improvement Corporation (LIC): Company Snapshot
Figure 75 Livestock Improvement Corporation (LIC): Company Snapshot
Table 184 Livestock Improvement Corporation (LIC): Products/Solutions/Services Offered
13.1.9 Boumatic
Table 185 Boumatic: Business Overview
Table 186 Boumatic: Products/Solutions/Services Offered
Table 187 Boumatic: Product/Solution/Service Launches
Table 188 Boumatic: Deals
13.1.10 Fancom BV
Table 189 Fancom BV: Company Snapshot
Table 190 Fancom BV: Products/Solutions/Services Offered
Table 191 Fancom BV: Product/Solution/Service Launches
Table 192 Fancom BV: Deals
13.2 Other Players
13.2.1 Hokofarm Group
13.2.2 Trioliet
13.2.3 Big Dutchman
13.2.4 VDL Agrotech (VDL Groep)
13.2.5 HID Global
13.2.6 Aleis
13.2.7 Icerobotics
13.2.8 Connecterra
13.2.9 Cainthus
13.2.10 Faromatics
13.2.11 Tibot
13.2.12 Mirobot
13.2.13 Farmcontrol
13.2.14 Moocall
13.2.15 Scio+
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies

14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: The Subscription Portal
14.4 Available Customization

Executive Summary

Companies Mentioned

  • Afimilk Ltd.
  • ALEIS
  • Allflex Livestock Intelligence (Subsidiary of MSD Animal Health)
  • Big Dutchman
  • BouMatic
  • Cainthus
  • Connecterra
  • DeLaval
  • Fancom BV
  • Farmcontrol
  • Faromatics
  • GEA Group
  • HID Global
  • Hokofarm Group
  • IceRobotics
  • Lely International
  • Livestock Improvement Corporation
  • Mirobot
  • Moocall
  • Nedap N.V.
  • Scio+
  • Tibot
  • Trioliet
  • VDL Agrotech (VDL Groep)
  • Waikato Milking Systems

Methodology

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Table Information

Report AttributeDetails
No. of Pages278
PublishedMay 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 6.9 Billion
Forecasted Market Value ( USD ) by 2028 $ 11.2 Billion
Compound Annual Growth Rate10.2%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Precision Livestock Farming Market

Precision Livestock Farming (PLF) is a technology-driven approach to livestock management that uses sensors, automation, and data analysis to improve the efficiency and productivity of livestock production. PLF systems provide real-time monitoring of animal health, nutrition, and environment, allowing farmers to make informed decisions about their livestock. This technology can also be used to reduce the environmental impact of livestock production, such as reducing water and feed waste, and improving animal welfare. PLF systems are becoming increasingly popular among livestock producers, as they provide a cost-effective way to improve the efficiency and productivity of their operations. By providing real-time data and insights, PLF systems can help farmers make informed decisions about their livestock, leading to improved animal health and welfare, and increased profitability. Some companies in the Precision Livestock Farming market include Afimilk, Allflex, Cargill, DeLaval, GEA, and SCR. Show Less Read more

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