Precision Livestock Farming Market

Precision Livestock Farming - Global Market Outlook (2018-2027)

5.0 (59 reviews)
Published: September 2019 ID: SMRC18596
5.0 (59 reviews)
Published: September 2019 ID: SMRC18596

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Precision Livestock Farming market accounted for $2.76 billion in 2018 and is expected to reach $7.17 billion by 2027 growing at a CAGR of 11.2% during the forecast period. Increasing implementation of IoT and AI in dairy ranches, generous cost-sparing related to domesticated animals management and growing requirement for optimization of dairy herds are the key driving factors for the market growth. However, lack of technological knowledge among dairy farmers may hinder market growth.

Precision Livestock Farming (PLF) is a method of managing livestock with the help of continuous real-time information that is obtained through the monitoring, control, and tracking of animals. This technology allows farmers to constantly monitor and carry on livestock operations such as feeding, health, and milking.

Based on the offering, the hardware segment is likely to have a huge demand due to the high acceptance of automation and control devices, such as the robotics component, sensors, and RFID tags. By geography, Europe is going to have a lucrative growth during the forecast period owing to the growing herd size, and increasing labour cost in the countries of this region.

Some of the key players profiled in the Precision Livestock Farming market include Antelliq, Afimilk Ltd, Lely International N.V., Delaval, Dairymaster, GEA Farm Technology, Boumatic LLC, Fullwood Packo Ltd, Fancom B.V., Waikato Milking Systems LP, Hokofarm Group, Allflex, and VDL Agrotech.
Technologies Covered:
• Livestock Identification & Tracking
• Precision Feeding Systems
• Precision Milking Robots

Offerings Covered:
• Software
• Services
• Hardware

Applications Covered:
• Feeding Management
• Milk Harvesting
• Livestock Behavior and Health Monitoring
• Swine
• Ruminant
• Poultry
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.


Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.