North America Livestock Monitoring Market Size & Outlook
North America livestock monitoring market, 2018-2030 (US$M)
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North America livestock monitoring market highlights
- The North America livestock monitoring market generated a revenue of USD 1,642.8 million in 2022.
- The market is expected to grow at a CAGR of 17.7% from 2023 to 2030.
- In terms of segment, cattle was the largest revenue generating animal type in 2022.
- Poultry is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,642.8 million |
| Market revenue in 2030 | USD 6,058.9 million |
| Growth rate | 17.7% (CAGR from 2022 to 2030) |
| Largest segment | Cattle |
| Fastest growing segment | Poultry |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cattle, Poultry, Swine, Equine |
| Key market players worldwide | GEA Group AG, Merck & Co Inc, Afimilk, DeLaval, Sensaphone, BouMatic, Dairymaster, Lely, Fullwood Packo, Fancom |
Other key industry trends
- In terms of revenue, North America region accounted for 31.1% of the global livestock monitoring market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,740.3 million by 2030.
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Livestock Monitoring Market Scope
Livestock Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America livestock monitoring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to livestock monitoring market will help companies and investors design strategic landscapes.
Cattle was the largest segment with a revenue share of 43.83% in 2022. Horizon Databook has segmented the North America livestock monitoring market based on cattle, poultry, swine, equine covering the revenue growth of each sub-segment from 2018 to 2030.
The prevalence of zoonotic diseases has fueled demand for technology to monitor sick animals, which is anticipated to drive North American market. According to United Nation Food and Agriculture Organization (UNFAO), the U.S. is the largest producer of poultry meat in the world, accounting for 18.0% of the overall output in 2019
This is driving the need to prevent zoonotic & foodborne diseases associated with livestock animals. In addition, progressive developments in sensor technology are fueling livestock monitoring market growth.
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Target buyers of North America livestock monitoring market databook
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Our clientele includes a mix of livestock monitoring market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America livestock monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into North America livestock monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America livestock monitoring market size, by country, 2018-2030 (US$M)
North America Livestock Monitoring Market Outlook Share, 2022 & 2030 (US$M)
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