U.S. Livestock Monitoring Market Size & Outlook, 2022-2030
U.S. livestock monitoring market, 2018-2030 (US$M)
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U.S. livestock monitoring market highlights
- The U.S. livestock monitoring market generated a revenue of USD 1,255.1 million in 2022 and is expected to reach USD 4,532.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 17.4% 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.
Livestock monitoring market data book summary
| Market revenue in 2022 | USD 1,255.1 million |
| Market revenue in 2030 | USD 4,532.1 million |
| Growth rate | 17.4% (CAGR from 2022 to 2030) |
| Largest segment | Cattle |
| Fastest growing segment | Poultry |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 23.8% of the global livestock monitoring market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. livestock monitoring market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,526.9 million by 2030.
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Livestock Monitoring Market Scope
Livestock Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 43.4% in 2022. Horizon Databook has segmented the U.S. livestock monitoring market based on cattle, poultry, swine, equine covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing animal health care spending is responsible for the rising adoption of livestock monitoring equipment for production animals. According to USDA, farm production expenditure accounted in 2019, where the poultry and livestock & related expenses showed an 12% increase in 2019 from 2018.
The local presence of major players, such as BouMatic and Sensaphone, has positively influenced the livestock monitoring market growth. These companies are conducting research and development to produce efficient livestock monitors.
For instance, in July 2019, Allflex Livestock Intelligence launched SenseHub Beef Monitoring System. The product permits beef farmers to trace their herd anytime and anywhere, allowing improved livestock health and well-being.
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Target buyers of U.S. 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 country-level data and insights on the U.S. livestock monitoring market , including forecasts for subscribers. This country databook contains high-level insights into U.S. livestock monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. livestock monitoring market size, by animal type, 2018-2030 (US$M)
U.S. Livestock Monitoring Market Outlook Share, 2022 & 2030 (US$M)
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