Global Livestock Monitoring Market Size (2024 - 2029)

Livestock Monitoring Market Analysis

The Global Livestock Monitoring Market size is estimated at USD 6.85 billion in 2024, and is expected to reach USD 12.40 billion by 2029, at a CAGR of 12.60% during the forecast period (2024-2029).

The market's growth is driven by several factors such as expanding cow population, rising incidences of zoonotic diseases, and increased adoption of livestock monitoring technologies due to associated cost savings. The global livestock population has shown steady growth in recent decades. As of 2023, India, Brazil, and China collectively represented over 64% of the global cattle inventory. Managing such large numbers requires real-time monitoring solutions to ensure optimal health and productivity. In developed countries, animal monitoring devices have become increasingly common, enabling continuous livestock observation. Key drivers of market growth include a focus on real-time monitoring and early disease detection, increased integration of IoT and AI in livestock monitoring, and rising global meat demand. For instance, in April 2023, Advantech Co. Ltd. introduced an AI-powered system for early detection of livestock health issues. This system combines artificial intelligence and infrared vision to measure individual cow body temperatures.

The livestock management industry is experiencing significant transformation due to intense competition among market participants. Companies are focusing on expanding product lines and driving innovations to gain a competitive edge. A key trend is the integration of software platforms with hardware solutions, enabling improved data management, enhanced decision-making processes, and reduced labor costs. Government support initiatives aimed at enhancing livestock monitoring are further propelling market growth. For instance, the development of ClearFarm by the Universitat Autònoma de Barcelona (UAB) in February 2024, was funded by the European Union. This platform utilizes sensors installed on farms and animals to monitor various factors, including animal behavior, physical and mental health, environmental impact, and productivity.

North America and Europe dominate the livestock monitoring market, primarily due to their large-scale commercial livestock operations and advanced technological infrastructure. Strict animal welfare regulations and environmental sustainability requirements in these regions further strengthen their market position. The Asia-Pacific region is projected to experience rapid growth in this market, driven by rising demand for meat and dairy products, expanding livestock populations, and a gradual shift towards commercial farming practices. The global livestock monitoring market continues to evolve as technology transforms modern livestock farming methods.

Livestock Monitoring Industry Segmentation

Livestock monitoring technology involves collecting data to alert farmers about the conditions of their livestock environment. This technology tracks animals' nutrition, reproduction, and overall well-being in real-time, enabling farmers to observe and manage their livestock effectively. The global livestock monitoring market is segmented by animal type (Cattle, Poultry, Equine, and Others), component (Hardware, Software, and Services), application (Feeding Management, Milk Harvesting, Breeding Management, and Others), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the market size in value terms (USD) for the above segments.