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Precision Livestock Market Share

Report ID: GMI10413
Published Date: Jul 2024
Report Format: PDF

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Precision Livestock Market Share

GEA Farm Technologies and DeLavala are prominent players in networking and cybersecurity solutions, playing a pivotal role in the precision livestock industry through its advanced technology offerings. These companies provide essential tools for smart farming with its robust networking infrastructure, which includes IoT connectivity solutions, edge computing platforms, and comprehensive cybersecurity measures. Their IoT products enable seamless connectivity for agricultural sensors, drones, and smart irrigation systems, while edge computing solutions help process data in real time to enhance farm operations.

Precision Livestock Market Companies

Major players operating in the precision livestock industry are:

Afimilk Ltd.
Allflex Livestock Intelligence
BouMatic
DairyMaster
DeLaval
Fancom
GEA Farm Technologies
Hokofarm Group
Nedap N.V.
SCR Dairy
Zinpro Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for precision livestock was valued at USD 7.6 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032, driven by factors such as technological advancements, sustainability, and environmental concerns to improve efficiency in farming and animal husbandry.

In 2023, the hardware segment accounted for a market share of over 43%. The growth is driven by shift toward automation and data-driven decision-making in livestock management, favoring the demand for hardware components such as sensors, RFID tags, milking robots, and automated feeders.

In 2023, North America dominated the precision livestock market with around 34% share and will continue to grow through 2032, owing to the well-developed infrastructure for internet connectivity, cloud computing, and data analysis, necessary for utilizing and reaping the benefits of PLF technologies.

Afimilk Ltd., Allflex Livestock Intelligence, BouMatic, DairyMaster, DeLaval, Fancom, GEA Farm Technologies, Hokofarm Group, Nedap N.V., SCR Dairy, and Zinpro Corporation.