According to a research report published by Spherical Insights & Consulting, the Global Precision Livestock Farming Market Size Expected to Grow from USD 3.80 Billion in 2023 to USD 8.76 Billion by 2033, at a CAGR of 8.71% during the forecast period 2023-2033.

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Precision livestock farming (PLF) is employed to monitor livestock to manage and improve their health, welfare, and production. Precision livestock farming is also known as the integrated application of sensor technologies together with algorithms, interfaces, and animal husbandry. In precision livestock farming their quick health alerts to make decisions. Furthermore, the livestock sector is an important component of world food security that supplies calories and protein globally through the production of meat, milk, and eggs. The production of ruminant meat and milk, particularly in grazing systems, is essential and sometimes requires terrain unsuitable for crop development. However, precision livestock farming (PLF) is a cutting-edge method of managing livestock that enhances productivity and animal welfare through data-driven decision-making and real-time monitoring.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Precision Livestock Farming Market Size, Share, and COVID-19 Impact Analysis, By Offering (Software, Hardware, and Services), By Technology (Identification & Tracking, Milking Robots, and Precision Feeding Systems), By Application (Milk Harvesting, Livestock Health, Feeding Management & Behavior Monitoring, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The hardware segment is anticipated to hold the highest market revenue share through the projected period.

Based on the offering, the precision livestock farming market is divided into software, hardware, and services. Among these, the hardware segment is anticipated to hold the highest market revenue share through the projected period. Precision livestock farming (PLF) technologies are becoming increasingly prevalent in modern agriculture. They are frequently paired with other state-of-the-art technology to boost output, run modern farms profitably and sustainably, and improve the interactions between people and cattle.

The milking robots segment is expected to hold the largest market share through the forecast period.

Based on the technology, the precision livestock farming market is segmented into identification & tracking, milking robots, and precision feeding systems. Among these, the milking robots segment is expected to hold the largest market share through the forecast period. The milking robot is the first innovation in precision animal farming that transfers dairy products all over the world. For the milking, the cows will be allowed to spread out over 24 hours or at a predetermined time.

The milk harvesting segment dominates the market with the highest market share through the forecast period.

Based on the application, the precision livestock farming market is divided into milk harvesting, livestock health, feeding management & behavior monitoring, and others. Among these, the milk harvesting segment dominates the market with the highest market share through the forecast period.

This market sector is anticipated to increase as the demand for dairy products and growing farmers emphasize increasing milk yield. This application can be employed to maintain harvesting schedules for individual animals, lower labor costs, and enhance milking efficiency.

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Europe is estimated to hold the largest share of the precision livestock farming market over the predicted timeframe.

Europe is estimated to hold the largest share of the precision livestock farming market over the predicted timeframe. Europe is leading the global precision livestock farming market. The region’s leadership is driven by the use of advanced farming technologies, such as automated monitoring systems and precision feeding, which enable efficient and sustainable livestock farming techniques.

North America is estimated to grow at the fastest CAGR growth of the precision livestock farming market during the forecast period. As labor prices rise and the demand for milk and meat increases, precision feeding systems, livestock identification, monitoring, and tracking systems, and milking robots have become ubiquitous. Additionally, poultry monitoring and robotic systems are growing in popularity in the region.

Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Precision Livestock Farming Market are Afimilk Agricultural Cooperative Ltd, Aleis Pty Ltd, Allflex USA, BouMatic, Cainthus, Connecterra, Dairymaster, DeLaval Holding AB, Fancom BV, Fullwood Packo SAS, GEA Group, Aktiengesellschaft, HokoFarm-Group, IceRobotics, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In March 2024, in an effort to revolutionize the livestock farming sector, the Government of India’s Ministry of Fisheries, Animal Husbandry, and Dairy introduced a groundbreaking initiative under the National Digital Livestock Mission. The most recent update to this project is the Farmers Mobile Application, “1962,” which is available for download from the Google Play Store.

• In July 2021, DSM acquired Midori USA, Inc., a biotechnology start-up with a state-of-the-art precision platform developing innovative targeted eubiotics that improve animal health and environmental impact.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the precision livestock farming market based on the below-mentioned segments:

Global Precision Livestock Farming Market, By Offering

• Software
• Hardware
• Services

Global Precision Livestock Farming Market, By Technology

• Identification & Tracking
• Milking Robots
• Precision Feeding Systems

Global Precision Livestock Farming Market, By Application

• Milk Harvesting
• Livestock Health
• Feeding Management
• Behavior Monitoring
• Others

Global Precision Livestock Farming Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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