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The Europe livestock monitoring market grew at a CAGR of around 12% during 2015-2020. Livestock monitoring is a part of a livestock management system that enables the farmers to trace animal activity on their farmsteads. It is primarily adopted for maintaining the health and productivity of poultry, swine, cattle, and equine. Livestock monitoring offers diverse applications pertaining to milk harvesting, feeding, heat stress, breeding, animal comfort, behavioral control, etc. The monitoring system also assists the farmers in keeping a check on the vitality of livestock in real-time, analyze disease outbreaks, track grazing animals, and optimize the breeding practices.
In Europe, the expanding animal husbandry sector along with the rising penetration of automated systems for real-time monitoring of livestock is currently driving the market growth. Furthermore, the increasing demand for animal-based food products, such as meat, eggs, and milk, is also propelling the need for efficient and cost-effective livestock management systems. Additionally, the high prevalence of various zoonotic diseases is further bolstering the adoption of livestock monitoring for gathering historical data to identify trends in animal health and track the spread of illness. Besides this, the European Commission is launching several policies and subsidies for livestock farmers to enhance productivity and control disease outbreaks in the region. Additionally, the growing integration of numerous advanced technologies, such as IoT, AI, biometrics, GPS, etc., with livestock monitoring is also augmenting the market growth in Europe. In line with this, the emergence of livestock management software for gathering real-time data related to feed consumption, breeding, health, etc., will continue to drive the Europe livestock monitoring market in the coming years. Looking forward, IMARC Group expects the Europe livestock monitoring market to continue its strong growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe livestock monitoring market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, offering, application, species and farm type.
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The competitive landscape of the industry has also been examined with some of the key players being Afimilk Agricultural Cooperative Ltd, BouMatic Robotics B.V., Dairymaster, DeLaval International AB (Tetra Laval International S.A.), Fancom B.V. (Berkshire Hathaway Inc.), Fullwood Packo Ltd, GEA Group Aktiengesellschaft, MSD Animal Health (Merck & Co. Inc.), Nedap N.V. and Sum-It Computer Systems Ltd.
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