Precision Livestock Farming Market to reach USD 7.33 Bn at a CAGR of 8.5 percent by 2030- Says Maximize Market Research

May 17 18:34 2024
Precision Livestock Farming Market to reach USD 7.33 Bn at a CAGR of 8.5 percent by 2030- Says Maximize Market Research
Precision Livestock Farming Market
The Global Precision Livestock Farming Market is witnessing substantial growth driven by rising labour cost and growing automation demand for livestock farming . The Global Precision Livestock Farming Market is segmented into By Offering, By Technology ,By Farm Type ,By Application.

Maximize Market Research, a leading Healthcare business consultancy and research firm has published a report on the “Global Precision Livestock Farming Market”. The total market opportunity for Global Precision Livestock Farming  Market was USD 4.14 Bn in 2023 and is expected to grow at a CAGR of  8.5 percent through the forecast period, reaching USD  7.33 Bn by 2030. As per the report, the global Global Precision Livestock Farming  Market is expected to be dominated by the North American and European regions to grow at a significant growth rate through the forecast period.

Global Precision Livestock Farming Market Report Scope and Research Methodology

Market Size in 2023: USD 4.14 Billion

Market Size in 2030: USD 7.33 Billion

CAGR: 8.5 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 218

No. of Tables: 135

No. of Charts and Figures: 185

Segment Covered: By Offering, By Technology ,By Farm Type ,By Application

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Global Precision Livestock Farming Market Scope and Research Methodology

The Global Precision Livestock Farming  Market analysis thoroughly examines the market structure and competitive landscape using a bottom-up approach to calculate the industry’s size and growth. Key findings include drivers of market growth at regional and global levels, barriers to future growth, and potential opportunities arising from technological advancements. Regional analysis is conducted to provide insights into market key region, penetration, and demographic impact  on the industry. The market is segmented into By Offering,By Technology ,By Farm Type ,By Application , allowing for a deeper understanding of target markets, and producers, and the development of tailored advertising campaigns. A competitive matrix is created to analyze the competition in the Global Precision Livestock Farming  Market, including both market leaders and new entrants. The report provides a summary of each company with key points on  financial status, technology progress, recent changes, revenue, mergers, partnerships, collaborations, and marketing strategies.

Global Precision Livestock Farming Market Overview

Precision livestock farming is characterized by smart technology that stays on farms to increase the size of their operations and makes it possible to observe and monitor individual animals more closely. The market for precision livestock farming heavily utilizes a variety of technology, including identification and tracking, feeding systems, and robots for precise milking. Increasing adoption of digital solutions in agriculture sector – One of the main factors for the growth of the precision livestock farming market has been the emergence of IoT and AI-based devices for Precision Livestock Farming.

Global Precision Livestock Farming Market Dynamics

Global precision Livestock farming market are driven by a Rising labour costs and demand for automation in farming The need to reduce dependency on manual labour and streamline operations has led to the adoption of automated systems like robotic milking and feeding systems in dairy and livestock farming However increasing automation and rising need to improve the efficiency of farming .Better management practices ,less contamination and increasing production control of livestock are driving the growth of precision livestock farming

Global Precision Livestock Farming Market Regional Insights

North America dominated the Global Precision Livestock Farming  Market and is expected to grow with an increasing CAGR through the forecast period. The precision livestock market supported by the Asia Pacific region is also growing significantly. High population growth, increase in the demand for animal products, and sustainable farming methods are the factors stimulating the adoption of precision farming technologies across the region. In countries such as China, and India, increasing livestock population is leading to increased investment in sophisticated technologies to improve production, to control diseases such as BSE, FMD, and Brucellosis, and for effective management of animals. The new markets for precision livestock farming includes regions such as South America, the Middle East, and Africa.

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Global Precision Livestock Farming Market Segmentation

By Offering:

  • Hardware
  • Software
  • Services

By Technology:

  • Identification And Tracking
  • Milking Robotic Systems
  • Poultry Monitoring and Robotic Systems
  • Precision Feeding Systems
  • Sensors And Monitoring Devices
  • Software And Data Analytics
  • GPS Tracking and Geolocation Systems
  • Others

By Farm Types:

  • Dairy Farms
  • Poultry Farms
  • Swine Farms
  • Others (Equine and Bovine Farms)

Based on Farm Type,Dairy farms Dominated the Precision Livestock Farming market In 2023, the dairy farms segment held the largest share of the precision livestock farming market and is continuing to account for the largest market size during the forecast period. Increasingly strict regulations on the use of antibiotics and other medications in livestock production and environmental protection regulations are  driving the adoption of precision livestock farming technologies in the dairy industry. Further, government support and initiatives can significantly impact the dairy farming market by providing financial assistance, improving infrastructure, and offering technical guidance to farmers. This assistance can include subsidies, loans, insurances, and grants to invest in modern technologies and high-quality livestock, leading to improved milk production.

By Application:

  • Livestock Health and Behavior Monitoring Management
  • Environmental Monitoring
  • Feed Management
  • Milk Harvesting
  • Sorting, Animal Weighing Data Analysis, And Financial
  • Waste Management

Global Precision Livestock Farming Market Key Competitors include:

North America

  • BouMatic (US)
  • Fullwood Paco Ltd
  • Precision Livestock Technologies
  • Breedr
  • Aimer (Electronic Equipment and Instruments)


  • Dairymaster (Ireland)
  • DeLaval (Sweden)
  • Fancom B.V.
  • Farm Control
  • GEA Farm Technology (Germany)
  • HokoFarm-Group
  • Moocall
  • Regrowth
  • Livestocker
  • LeeO Precision Farming
  • Animals AI

Asia Pacific

  • Zero Cow Factory
  • Farmship

Middle East & Africa

  • Afimlik (Israel)
  • FarmSee

South America

  • AgroSB
  • Cattlevis
  • Tilabras
  • XX

Key questions answered in the Global Precision Livestock Farming Market are:

  • What is Precision Livestock Farming?
  • What is the current growth rate of the Global Precision Livestock Farming Market? 
  • Who are the key players in the Global Precision Livestock Farming Market?
  • What are the growth prospects in developing countries for the Global Precision Livestock Farming Market?
  • Which segment is expected to witness the fastest growth and why in the Global Precision Livestock Farming Market?
  • What are the factors affecting growth in the Global Precision Livestock Farming Market?
  • Who held the largest market share in the Global Precision Livestock Farming Market?
  • What are the opportunities for the Global Precision Livestock Farming Market?
  • What are the strategies used by competitors in the Global Precision Livestock Farming Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by Different Segments | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Product, Sales Channel, Feature, and Age Group and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Healthcare research firm, has also published the following reports:

Agricultural Waste Market:Global Agricultural Waste Market size was valued at USD 17.58 Bn in 2023 and is expected to reach USD 28.60 Bn by 2030, at a CAGR of 7.20% from forecast period 2024 to 2030 The agricultural waste market is experiencing significant growth as it addresses the demand for sustainable and eco-friendly resources. With a focus on environmental consciousness and the circular economy, agricultural waste offers a valuable solution by repurposing unutilized materials generated during agricultural processes. Its versatility allows for diverse applications across industries such as food and beverage, where it is used to create biofuels, animal feed, and organic fertilizers

Slurry Pump Market:Slurry Pump Market size was valued at US$ 1187.37 Mn. in 2023 and the total revenue is expected to grow at 1.2% through 2024 to 2030, reaching nearly US$ 1290.78 Mn. A slurry pump is a hose pump, centrifugal pump, or lobe pump used in many sectors to convey slurry hydraulically. Although there are so many distinct types of pumps used to convey slurry, centrifugal pumps are the most prevalent. A centrifugal slurry pump’s revolving impeller provides the kinetic energy required for slurry transmission.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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