Global Precision Livestock Farming Market Expected to reach $11.2 billion by 2028

The precision livestock farming market is estimated to be USD 6.9 billion in 2023 and is projected to reach USD 11.2 billion by 2028, at a CAGR of 10.2%.

The global demand for dairy products, including butter, cheese, curd, whey, and yogurt, has been steadily increasing, leading to a continuous rise in the population of dairy cattle. This surge in dairy cattle numbers is expected to drive the market for precision livestock farming solutions in the foreseeable future. Precision livestock farming is becoming increasingly popular across various farm types due to the escalating costs of labor and the expansion of farm sizes. Additionally, heightened awareness of animal health and safety has contributed to the widespread adoption of precision livestock tracking and monitoring systems on farms in recent years. As the dairy industry continues to grow, the integration of precision farming technologies is likely to play a crucial role in optimizing productivity and ensuring the well-being of livestock.

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The global demand for premium-quality dairy products is anticipated to drive the widespread adoption of milking robots, particularly the Automated Milking Rotary (AMR) technology. Developed by DeLaval in Sweden, AMR represents a cutting-edge advancement in high-capacity automated milking systems. Tailored for large dairy farms with sizable herds, the AMR system is designed to offer efficient and automated milking solutions. The technology operates by identifying individual cows and gently guiding them to the appropriate position, facilitating seamless initiation of the cleaning, preparation, and milking processes. As the demand for high-quality dairy products continues to rise, the implementation of AMR technology is poised to play a pivotal role in enhancing efficiency and productivity within the dairy industry on a global scale.

Livestock behavior and health monitoring systems represent advanced technological solutions aimed at overseeing and analyzing crucial aspects of animal well-being in livestock production. These systems employ sensors, cameras, and other monitoring devices to gather data on animal behavior, physiological parameters, and environmental conditions. The integration of computerized dairy management systems with sensors and other monitoring devices, particularly in conjunction with automated feeding systems or milking robots, is on the rise. This integration not only provides real-time insights into livestock behavior but also opens new avenues for automating routine monitoring of feeding patterns. As technology continues to evolve, the utilization of these monitoring systems contributes to improved management practices, enhanced animal welfare, and increased efficiency in livestock production.

The Americas stands as one of the foremost markets for precision livestock farming technology, driven by a confluence of factors. The region's significant market presence is attributed to factors such as expansive herd sizes, widespread technology integration, supportive government policies related to livestock farming, a progressive farming community, and the substantial presence of relevant companies. Notably, North America leads in the adoption of advanced monitoring and farming techniques within the livestock sector. The region has embraced technologies like milking robots, precision feeding systems, and livestock identification, monitoring, and tracking systems, fueled by the imperative to address rising labor costs and meet the growing demand for milk and meat. Furthermore, there is a discernible uptick in the adoption of poultry monitoring and robotic systems, highlighting the dynamic and evolving landscape of precision livestock farming in the Americas.

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The major players in the precision livestock farming companies are DeLaval (Sweden), Allflex Livestock Intelligence (US), GEA Farm Technology (GEA Group) (Germany), Afimilk (Israel), and Lely International (Netherlands).