NEW
YORK, June 19, 2024 /PRNewswire/ -- The global
RFID tags for livestock management market size is
estimated to grow by USD
1.06 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of about 10.6%
during the forecast period. Regulations regarding animal
welfare is driving market growth, with a trend
towards increasing adoption of automation in livestock units.
However, high cost of active rfid tags poses a
challenge. Key market players include Allflex Group, Bartronics
India Ltd., CoreRFID Ltd., Dalton
Tags, Datamars SA, eAgile Inc., Essen Computers Ltd., GAO
RFID Inc., HID Global Corp., ID Tech Solutions Pvt. Ltd., Impinj
Inc., Ketchum Mfg. Co., Mojix Inc., National Band and Tag Co., NXP
Semiconductors NV, Omnia Technologies Pvt. Ltd., RFID Inc., Siemens
AG, Tag Factory, and Zebra Technologies Corp..
Get a detailed analysis on regions, market segments, customer
landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Cattle, Goats and
sheep, and Others), Application (Passive and Active), and Geography
(North America, Europe, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Allflex Group,
Bartronics India Ltd., CoreRFID Ltd., Dalton Tags, Datamars SA,
eAgile Inc., Essen Computers Ltd., GAO RFID Inc., HID Global Corp.,
ID Tech Solutions Pvt. Ltd., Impinj Inc., Ketchum Mfg. Co., Mojix
Inc., National Band and Tag Co., NXP Semiconductors NV, Omnia
Technologies Pvt. Ltd., RFID Inc., Siemens AG, Tag Factory, and
Zebra Technologies Corp.
|
Key Market Trends Fueling Growth
The agriculture and livestock sectors are experiencing a decline
in the skilled workforce, leading to higher labor costs. In
response, livestock owners are turning to automation, including the
use of RFID tags for livestock management. This technology aids in
various farm operations such as identification, feeding, milking,
and egg collection. By implementing RFID technology, farmers can
decrease labor expenses and enhance efficiency. In the Americas,
stringent immigration rules have accelerated this trend.
The RfID tags for livestock management market is witnessing
significant growth due to the increasing demand for efficient and
accurate animal tracking systems. These tags use radio frequency
identification technology to enable automatic data capture and
real-time monitoring of livestock. The trend towards automation in
agriculture and the need for better animal welfare are key drivers
for this market. RfID tags help farmers and ranchers manage their
livestock more effectively by providing information on animal
location, health, and movement. Additionally, RfID technology
enables easier and more accurate record keeping for regulatory
compliance. Overall, RfID tags offer a cost-effective and reliable
solution for livestock management.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- RFID tags offer advanced identification solutions for livestock
management, with costs varying based on tag and reader types.
Passive tags for small-scale operations cost around USD0.21, while active tags and UFH reader systems
for large-scale businesses can reach up to USD1,500 per reader. Active RFID tags' high cost,
coupled with significant initial investments for implementation,
pose challenges for small and medium livestock owners and vendors,
hindering the growth of the RFID tags market for livestock
management.
- The Rfid tags for livestock management market faces several
challenges. These tags must be durable enough to withstand outdoor
conditions and rough handling. The tags should also be able to
accurately identify and track each animal in real-time. Data
security is another concern, as sensitive information about the
livestock's location and health status must be protected.
Additionally, the system must be able to handle large volumes of
data and provide timely and accurate reports to farmers and
livestock owners. The use of solar-powered readers and long-range
tags can help address some of these challenges, but cost remains a
significant barrier for widespread adoption. Overall, the Rfid tags
for livestock management market requires innovative solutions to
overcome these challenges and provide farmers and livestock owners
with accurate, efficient, and secure tracking systems.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This rfid tags for livestock management market report
extensively covers market segmentation by
- Type
- 1.1 Cattle
- 1.2 Goats and sheep
- 1.3 Others
- Application
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Cattle- RFID tags play a crucial role in
livestock management systems. These tags help in identifying and
tracking individual animals, improving inventory management, and
ensuring animal welfare. Farmers can monitor the location and
health status of their livestock in real-time, enabling timely
interventions and reducing losses. RFID technology offers accuracy,
efficiency, and convenience, making it an essential tool for modern
livestock farming operations.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
RFID tags play a significant role in the livestock management
industry, enhancing traceability and efficiency in various farming
operations. These electronic devices employ radio waves to transmit
unique identifying numbers to reader devices, enabling real-time
monitoring of livestock. Equine facilities, poultry egg production
centres, dairy cattle ranches, and beef steer ranches all benefit
from RFID technology. It streamlines livestock management by
providing access to animal health records, breeding histories, and
other essential data for farmers and ranchers. RFID tags are also
used in aquaculture, forests, and even for pets. GPS tags can be
integrated with RFID technology to provide location information,
further enhancing the capabilities of this technology in the
livestock business.
Market Research Overview
The Rfid tags for livestock management market is witnessing
significant growth due to the increasing demand for automating and
improving livestock farming processes. These tags use radio
frequency identification technology to track and monitor livestock
in real-time, enabling farmers to efficiently manage their herds
and improve productivity. Rfid tags can provide valuable data on
livestock location, health status, feeding patterns, and breeding
cycles, among other things. The technology is particularly useful
in large-scale farming operations, where keeping track of livestock
can be a challenging task. Additionally, Rfid tags can help reduce
labor costs, minimize the risk of animal loss, and improve overall
herd management. The market for Rfid tags in livestock management
is expected to continue growing as farmers seek to optimize their
operations and increase profitability.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Cattle
- Goats And Sheep
- Others
- Application
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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