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MarketersMEDIA / Newsroom / Global Precision Livestock Farming Market is expected to reach $7.17 billion by 2027 growing at a CAGR of 11.2% during 2018 to 2027.

Global Precision Livestock Farming Market is expected to reach $7.17 billion by 2027 growing at a CAGR of 11.2% during 2018 to 2027.

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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.

— 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.

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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.

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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.

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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 France
o Italy
o UK
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 UAE
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
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-precision-livestock-farming-market-is-expected-to-reach-717-billion-by-2027-growing-at-a-cagr-of-112-during-2018-to-2027/88925219

Source: MarketersMedia

Release ID: 88925219

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