The Global Precision Livestock Farming Market is expected to rise at annual rate of 8.90% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 6.9 billion by 2028 due to the implementation of IoT- and AI-enabled devices for livestock monitoring.
On the other hand, high upfront cost and marginal return on investment are expected to obstruct the market growth in the above mentioned forecast period. The lack of technological awareness among livestock farmers is projected to challenge the precision livestock farming market.
Precision Livestock Farming Market Scenario
According to Data Bridge Market Research the markets for the precision livestock farming market is escalating due to the rise in the transition from precision livestock farming to decision livestock farming and increase in the demand for automation in livestock industry. Additionally, rise in the adoption of livestock monitoring technology in developing countries and increase in the surging labor costs positively affect the precision livestock farming market.
Furthermore, rise in the popularity of poultry robots and BSC smart cameras extend profitable opportunities to the market players.
Now the question is which are the other regions that precision livestock farming market is targeting? Data Bridge Market Research has estimated Asia-Pacific is expected to witness significant growth in the forecast period of 2021 to 2028 owning to the rise in the demand for automation in livestock industry in the region.
For more analysis on precision livestock farming market, request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-precision-livestock-farming-market
Precision Livestock Farming Market Scope
The precision livestock farming market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country-based analysis precision livestock farming market is further analyzed based on maximum granularity into further segmentation. The precision livestock farming market on the basis of offering has been segmented into hardware, software and services. Based on type, the precision livestock farming market is segmented into milking robots, precision feeding systems, livestock identification and tracking. The precision livestock farming market is also segmented on the basis of application into milk harvesting, feeding management, livestock behavior and health monitoring and others.
- Precision livestock farming is basically a smart technology which allows individual animals to be observed and monitored more nearly on farms.
To know more about the study, please click on the below mentioned link, https://www.databridgemarketresearch.com/reports/global-precision-livestock-farming-market
Key Pointers Covered in the Precision Livestock Farming Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- SCR Engineers LTD
- DeLaval
- GEA Group Aktiengesellschaft
- Afimilk Ltd
- BouMatic
- Lely
- DAIRYMASTER, LIC
- Fancom B.V
Above are the key players covered in the report, to know about more and exhaustive list of company secretarial software companies contact https://www.databridgemarketresearch.com/toc/?dbmr=global-precision-livestock-farming-market
Research Methodology: Global Precision Livestock Farming Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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