Factors such as rapid adoption of automation
technology and IoT-enabled devices for efficient management of livestock farms
and increased focus of livestock farmers on real-time identification and
tracking of animals are among the driving factors of the livestock identification
market. Moreover, Rising number of government initiatives encouraging livestock
identification technology use and growing adoption of livestock identification
solutions in developing countries to create lucrative opportunities in the livestock identification
market.
Who are the major consumers of livestock
identification solutions that are expected to drive the growth of the market in
the next 5 years?
The major consumers for livestock identification
devices are cattle farms, poultry farms, swine farms, and bovine as well as
equine farms are expected to have a significant share in this market. .
Which livestock identification hardware type is
expected to dominate the market during the forecast period?
Electronic identification tags accounted for the
largest share of the livestock identification market for hardware offerings in
2021. The growth of the segment can be attributed to the rising demand for RFID
tags for livestock identification, especially due to mandates of governments in
various countries to tag livestock species.
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Which is the potential market for livestock
identification in terms of the region?
The Europe region is expected to dominate the
livestock identification market due to the presence of numerous consumers and
livestock identification device manufacturing companies.
Which are the major companies in the livestock
identification market? What are their major strategies to strengthen their
market presence?
The major companies in the livestock identification
market are – Allflex Livestock Intelligence (US), Datamars (Switzerland), Nedap
N.V. (Netherlands), MS Schippers (Netherlands), Livestock Improvement Corporation
(New Zealand), Shearwell Data Ltd. (UK), Leader Products (Australia), CAISLEY
International GmbH (Germany), Kupsan Tag Company Ltd. (Turkey), and Luoyang
Laipson Information Technology Co., Ltd. (China). The major strategies adopted
by these players are product launches, collaborations, partnerships, contracts,
agreements, expansions, and acquisitions.
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