The Livestock Monitoring Market was valued at USD 4.42 billion in 2024, and is projected to reach USD 8.53 billion by 2030, rising at a CAGR of 11.80%. The market growth can be attributed to the increased focus on livestock monitoring, along with disease detection. Furthermore, the prevalence of zoonotic diseases among livestock, rising adoption of IoT and AI by dairy farmers, increasing number of dairy farms, and significant cost-saving due to livestock monitoring management are some of the major drivers of the market. 
Extensive animal-derived food production and increased investments in R&D and animal health management in developed economies have led to higher productivity. Encouragement from government animal welfare organizations is also boosting the market growth. Further, government funding and reforms are expected to propel market growth shortly. In addition, increasing awareness regarding animal nutrition, genetic breeding, milk harvesting, and animal health is expected to promote the adoption of livestock monitoring systems.
There is an increased demand for animal products, and thus several countries are focusing on livestock rearing. This has led to an increase in the livestock population. In addition, the prevalence of zoonotic diseases is further fueling the growth of the market. This is because these disease outbreaks in the livestock can be major socioeconomic threats, resulting in production loss and disruption of local markets, rural economy, and international trade.
Industry players are involved in strategies including mergers & acquisitions, collaborative agreements, and geographic expansion to gain an edge over the competition. For instance, in January 2023, Astrocast partnered with Digitanimal for the development of a livestock monitoring solution known as Satellite IoT (SatIoT). The two companies are collaborating jointly to commercialize a tracking device that links to the worldwide satellite network of Astrocast. In February 2021, MSD Animal Health announced the acquisition of PrognostiX Poultry Limited, a provider of health and environmental monitoring solutions for the poultry business, which expanded its product portfolio.
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Extensive animal-derived food production and increased investments in R&D and animal health management in developed economies have led to higher productivity. Encouragement from government animal welfare organizations is also boosting the market growth. Further, government funding and reforms are expected to propel market growth shortly. In addition, increasing awareness regarding animal nutrition, genetic breeding, milk harvesting, and animal health is expected to promote the adoption of livestock monitoring systems.
There is an increased demand for animal products, and thus several countries are focusing on livestock rearing. This has led to an increase in the livestock population. In addition, the prevalence of zoonotic diseases is further fueling the growth of the market. This is because these disease outbreaks in the livestock can be major socioeconomic threats, resulting in production loss and disruption of local markets, rural economy, and international trade.
Industry players are involved in strategies including mergers & acquisitions, collaborative agreements, and geographic expansion to gain an edge over the competition. For instance, in January 2023, Astrocast partnered with Digitanimal for the development of a livestock monitoring solution known as Satellite IoT (SatIoT). The two companies are collaborating jointly to commercialize a tracking device that links to the worldwide satellite network of Astrocast. In February 2021, MSD Animal Health announced the acquisition of PrognostiX Poultry Limited, a provider of health and environmental monitoring solutions for the poultry business, which expanded its product portfolio.
Livestock Monitoring Market Report Highlights
- The bovine segment held the largest revenue share of 51.6% in 2024, attributed to increasing demand for beef and dairy products, rising herd health awareness, and the need for disease prevention.
- The poultry segment is expected to grow at a CAGR of 11.4% over the forecast period, owing to a rising meat and egg demand, adoption of IoT and sensors for real-time health and environmental monitoring, and consumer preference for traceable, ethical products.
- The hardware segment dominated the market with the largest revenue share of 42.6% in 2024, driven by rising demand for real-time livestock tracking, health monitoring, and productivity optimization using sensors, GPS, RFID, cameras, and automated devices.
- The software segment is expected to grow at a CAGR of 12.0% over the forecast period, as the software has promoted interoperability between different data management systems and ultimately added value for customers.
- The milking management accounted for the largest revenue share in 2024, due to increasing demand for dairy products, adoption of automated milking systems, and the need for enhanced milk yield, quality control, and labor efficiency in dairy farming operations
- The behavioral monitoring segment is expected to grow at the fastest CAGR of 13.0% over the forecast period, owing to rising awareness of animal welfare, demand for early disease detection, and the need to optimize livestock productivity by tracking movement, eating patterns.
- The dairy segment held the largest revenue share of 51.5% in 2024. The meat segment is anticipated to grow significantly over the forecast period.
- North America dominated the global livestock monitoring market with the largest revenue share in 2024, primarily driven by the region's large-scale livestock operations, particularly in cattle and dairy farming, drive the demand for efficient management solutions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Global Livestock Monitoring Market Variables, Trends, & Scope
Chapter 4. Global Livestock Monitoring Market: Animal Business Analysis
Chapter 5. Global Livestock Monitoring Market: Solution Business Analysis
Chapter 6. Global Livestock Monitoring Market: Application Business Analysis
Chapter 7. Global Livestock Monitoring Market: Sector Business Analysis
Chapter 8. Global Livestock Monitoring Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
List of Tables
List of Figures
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | May 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.42 Billion |
| Forecasted Market Value ( USD | $ 8.53 Billion |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
