Animal Tracking Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2185 | Last Updated On: Sep 05 2022 | Available Formats

> Global Animal Tracking Market Expected to reach a high CAGR of 10.14% By 2029: DataM Intelligence

Global Animal Tracking Market is segmented By Product (GPS Tags, Argos Doppler tags, Electronic Tags, Others), By Deployment (Mobile Phones, PC’s, Others), By Animal Type (Cattle, Horses, Sheep, Companion Animals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview:

[150 Pages Report] The Global Animal tracking Market is expected to grow at a CAGR of 10.14% High during the forecasting period (2022-2029).

Animal tracking Market - Strategic Insights

Metrics

Details

Market CAGR

 10.14%

Segments Covered

By Product, By Deployment, By Animal Type and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Tracking devices for animals monitor and comprehend the movement of people and groups inside the confined region and migrate across seas and continents. The major advantages related to the use of animal tracking equipment include easy animal identification, the opportunity to check frequent health remotely, early diagnosis of mastitis and other factors.

Market Dynamics:

Farmers can identify illnesses in animals using sensor technology and take quick action as a result. The use of sensing and management technology reduces the cost of livestock monitoring. Smart technology in livestock farming aid in the collection of real-time data on animals' health and general behaviour, such as eating habits, food and water quality, biosecurity, and cleanliness levels, among other things. Animals may also be tracked and traced by livestock owners. Furthermore, linked solutions aid in increasing dairy output while reducing hazardous gases like methane and maintaining the health of cattle. It is likely that the usage of tracking devices increase milk yield by 15% in dairy cattle. Furthermore, the increasing frequency of zoonotic disorders fuel the growth of the livestock surveillance market. Because these animal illness outbreaks can pose significant socioeconomic concerns resulting in the loss of output and disruption of local markets, rural economies and worldwide trade. In addition, many animal illnesses caused by viruses and bacteria infect humans are recognised. In the next few years, demand for animal monitoring will undoubtedly be increased by such causes.

These systems for animal monitoring provide large volumes of data, which are not easy to analyse and interpret for a nonprofessional. In addition, a poor understanding of how farmer technologies are available is also an important barrier in hindering market growth.

COVID-19 Impact:

As of November 2020, the COVID-19 epidemic triggered by SARS-CoV-2 had infected millions of individuals throughout the world. The highly infectious coronavirus is having an economic impact on a variety of industries, including the animal health business. Veterinary appointments have been halted or delayed across the country, which is likely to boost demand for livestock monitoring.

Market Segmentation:

The global animal tracking market is segmented on the basis of product into GPS tags, Argos Doppler tags, electronic tags, and others.

By 2020, livestock monitoring hardware was the biggest in the world as hardware was increasingly being used for livestock farm hardware such as RFID, sensors, smart cameras and GPS technology. The data gathered from these devices warn farmers about breeding, health food and animal welfare. In recent years, technological advances in animal monitoring software and services have also been pushing the market development. It is expected that the behaviour control application will continue to account for the biggest size of cattle surveillance market, mainly as the use of increasing hardware equipment like sensors, RFID tags & readers and livestock RFID active collars for early cattle disease identification, livestock management and livestock identification and tracking continues.

Geographical Penetration:

By region, the global animal tracking market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa.

The livestock monitoring market in North America was controlled by the gradual development of technology and increasing internet penetration in 2019 as a result of the biggest share of revenue of 31% in 2019. The increase in meat consumption in the region may possibly be attributable to it. For example, in 2018, the US ranks as largest intake of food has been added to further promote the need to protect cattle market-driven zoonotic and foodborne illnesses. The animal tracking market is predicted to develop rapidly over the projected period in Asia-Pacific. The very high livestock population is responsible for this. For example, more than 30% of the world livestock population is comprised of China and India.

Competitive Landscape:

The global animal tracking market is currently undergoing huge R&D activities for the development of novel technologies with higher batter life. New product launches with higher battery life, lighter in weight properties is the major strategy adopted by the prominent players in the global animal tracking market.  Some of the key players in the global animal tracking market include Telonics, Inc., Cellular Tracking Technologies LLC, Telemetry Solutions, Inc., Digital Animal, are among many other companies

  • In October 2019, FindMy launched its new FindMy e-Bell Model 2 Collar animal collar which is robust, smaller, lighter, and possess a longer-life replaceable battery.
  • In July 2019, San Francisco based animal tracking devices manufacturer launched pet wearables Whistle Go & Whistle Go Explore which has the inherent ability to track animal location, activity and health simultaneously.
  • Cainthus, a Dublin-based agri-tech firm, released ALUN nutrition in February 2020, a system that uses RFIDs and cameras to assess animal health and alter feed management plans accordingly.

Merck Animal Health:

Overview:

Merck Animal Health was founded in 1951. There headquarters is located at Kenilworth, New Jersey, United States. Merck Animal Health aims to make the world a better place for all the animals by providing information, technologies and veterinary services that truly advance animal healthcare.

Product Portfolio:

  • Livestock Indentification
  • Livestock Monitoring
  • Smart Data Solutions

Key Developments:

  • In 2021, Merck Animal Health Completes Acquisition of Poultry Sense Limited.  Poultry Sense Ltd. is an innovator in health and environmental monitoring solutions for the poultry industry.
  • Merck Animal Health Completes Acquisition of IdentiGEN, a leader in DNA-based animal traceability solutions for Livestock and Aquaculture from MML Growth Capital Partners Ireland.

Why Purchase the Report?

  • Visualize the composition of the global animal tracking market in terms of product, deployment, and animal type highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global Animal Tracking market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global animal tracking market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

Target Audience:

  • Investors/Investment Bankers
  • Livestock Owners & Pet Growers
  • Commercial Animal Rearing Setups
  • Pet Wearable Manufacturers
  • Research Organizations

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