Global Radio Frequency Identification RFID Tags for Livestock Management Market - Industry Trends and Forecast to 2029

Global Radio Frequency Identification (RFID) Tags for Livestock Management Market By Type (Active and Passive), Application (Sheep, Cows, Poultry, And Others), Sales Channel (Manufacturer/Distributor/Service Provider And Aftermarket) – Industry Trends and Forecast to 2029

Market Analysis and Size

RFID applications have many benefits in sheep and goat farming, hog and pig farming, equine facilities, poultry and egg production centres, dairy cattle ranching, beef steer ranching, and aquaculture. This is due to strong government support for farmers to adopt smart farming practises and increase agricultural output.

Data Bridge Market Research analyses that the radio frequency identification (RFID) tags for livestock management market was valued at USD 1.35 billion in 2021 and is expected to reach the value of USD 1.53 billion by 2029, at a CAGR of 1.60% during the forecast period of 2022-2029.

Market Definition

RFID tags for livestock management enable a person to accurately measure and track the movements of livestock animals. It can also identify livestock animals in the forest or field and track them in real time. These tags are essentially a technology that collects data from small GPS labels carried by sheep, cows, and other animals. It is widely used in slaughterhouse management, hatcheries, poultry farms, and by government agencies to track all types of pets and stray animals. RFID tags enable farmers to improve breeding control, improve traceability, increase conservation efforts, and collect data on every animal in the herd.

Report Scope and Market Segmentation

Radio Frequency Identification (RFID) Tags for Livestock Management Market Dynamics

Drivers

• Increasing support from government to encourage farmers

The increasing government support for encouraging farmers to adopt smart agricultural practises in order to boost agricultural output is a significant factor driving the growth of the global RFID tags for livestock management market. Many governments require the use of RFID tags for cattle and other animals in order to identify and track specific animals. Furthermore, the increasing adoption of automation in livestock management and government regulations governing the transition to RFID tags and animal welfare are expected to drive the global (RFID) tags for livestock management market forward.

• Rising smart farming trends to assist the growth of the market

There is a trend toward smart farming, which uses smart solutions such as RFID readers, RFID tags, and RFID middleware to wirelessly collect livestock data from the field, such as changes in location, weight, treatment codes, and estimated birthing time. These advancements assist in the growth of the global (RFID) tags for the livestock management market.

Opportunity

Leading RFID market players are focusing their investments on more technologically advanced, cost-effective, and secure products and solutions for a wide range of applications. Governments in various countries implement various policies to improve the profitability and livelihood of farmers and ranchers. The government organises workshops to educate and raise awareness among farmers about the benefits of smart agricultural and digital livestock management techniques.

Restraints

One of the major factors restraining the adoption of livestock identification devices by small farmers or farmers with limited budgets is the high cost of electronic identification devices such as RFID tags and readers. To improve livestock identification and management in less time, livestock identification solutions are integrated with high-cost technologies such as RFID, IoT modules, AI, and the cloud.

The radio frequency identification (RFID) tags for livestock management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the radio frequency identification (RFID) tags for livestock management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Radio Frequency Identification (RFID) Tags for Livestock Management Market

Various end-users of livestock identification solutions around the world were severely impacted during the pandemic. The epidemic caused factory closures. On the other hand, various factories were operating at lower levels than usual and continued to face new restrictions as a result of concerns about the continuous rise in cases and the arrival of the third and fourth waves of the pandemic in various countries around the world. As manufacturing plants remained closed and consumers remained sheltered at home due to lockdowns, the pandemic significantly impacted the labor sector, resulting in a scarcity of farm labourers.

Recent development

• Luoyang Laipson launched the UHF RFID handheld reader in February 2022, with a frequency range of 860 to 960 MHz. The reader can read UHF RFID Ear Tags such as the UM301, UM401, US201, UF301, and other UHF ear tags.
• MSD Animal Health acquired the assets of LIC Automation Ltd. (LIC) from Livestock Improvement Corporation Ltd. in July 2021. (LIC). LICA is a market leader in dairy automation and technology. MSD Animal Health expects this acquisition to broaden its product portfolio and help shape the future of animal health.
• Datamars acquired HerdInsights, a provider of dairy industry health monitoring systems, in June 2021 to accelerate and strengthen its livestock performance monitoring capabilities. With this acquisition, the company was able to assist its customers in making more informed decisions and achieve measurable results.
• Nedap N.V. partnered with Waikato Milking Systems, a leading company developing and manufacturing dairy technology, in May 2021. Waikato Milking Systems now offers integrated identification, monitoring, and automation solutions through its smart CowTraQ collars and TracHQ platform, which are controlled by Nedap's integrated platform.

Global Radio Frequency Identification (RFID) Tags for Livestock Management Market Scope

The radio frequency identification (RFID) tags for livestock management market is segmented on the basis of type, application and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Active
• Passive

Application

• Sheep
• Cows
• Poultry
• Others

Sales channel

• Manufacturer
• Distributor
• Service Provider
• Aftermarket

Radio Frequency Identification (RFID) Tags for Livestock Management Market Regional Analysis/Insights

The radio frequency identification (RFID) tags for livestock management market is analysed and market size insights and trends are provided by country, type, application and sales channel as referenced above.

The countries covered in the radio frequency identification (RFID) tags for livestock management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The Europe region is expected to grow at a faster CAGR during the forecast period. The increasing numbers of livestock farming units and smart farming solutions to boost agricultural production are expected to drive market growth. Several government initiatives mandating the use of RFID tags to track and identify specific animals are boosting the growth of the RFID tags for livestock management market in Europe.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Radio Frequency Identification (RFID) Tags for Livestock Management Market Share Analysis

The radio frequency identification (RFID) tags for livestock management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the radio frequency identification (RFID) tags for livestock management market.

Some of the major players operating in the radio frequency identification (RFID) tags for livestock management market are:

• Alien Technology, LLC (US)
• GAO Group Inc. (Canada)
• Honeywell International Inc. (US)
• Impinj, Inc. (US)
• Mobile Aspects, Inc. (US)
• RF Technologies, Inc. (US)
• Radianse (US)
• STID (US)
• STANLEY Healthcare (US)
• SATO HOLDINGS CORPORATION (Japan)
• Motorola Solutions, Inc. (US)
• CAEN RFID S.r.l. (Italy)
• NewAge Industries, Inc. (US)
• IBM Corporation (US)
• Siemens (Germany)
• AMERICAN RFID SOLUTIONS, LLC (US)
• 3M (US)