According to a market report by Lucintel, the future of the RFID tag for livestock management market looks promising with opportunities in the sheep, cow, and poultry applications. The global RFID tag for livestock management market is expected to reach an estimated $2.16 billion by 2028 with a CAGR of 6.7% from 2023 to 2028. The major drivers for this market are rising trend for automation in livestock management, increasing governmental support for farmers to use smart farming techniques for enhanced agricultural production, and growing concern towards animal health as well as welfare.
Active and passive are the two types of RFID tags for livestock management used by various end use industries. Lucintel forecasts that passive is expected to witness higher growth over the forecast period as these tags are affordable, compact, and durable and helps in tracking and identifying animals, smart agricultural techniques, and collecting livestock data in real-time.
Within this market, cow is expected to remain the largest segment due to significantly growing demand for beef products and increasing use of this RFID technology for tracking, disease diagnosis and treatment, breeding management, and feeding schedules.
North America will remain the largest region due to the extensive consumption of meat and dairy products, supportive investments towards livestock farming, and presence of key players in the region.
Alien Technology, Confidex, Smartrac, Atmel, HID Global, Impinj, and Invengo Information Technology are the major suppliers in the global RFID tag for livestock management market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global RFID tag for livestock management market by product type, distribution channel, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global RFID Tag for Livestock Management Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global RFID tag for livestock management market by product type, distribution channel, application, and region, as follows:
RFID Tag for Livestock Management Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
RFID Tag for Livestock Management Market by Distribution Channel [Shipment Analysis by Value from 2017 to 2028]:
Manufacturer
Distributor
Service Provider
Aftermarket
RFID Tag for Livestock Management Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Sheep
Cows
Poultry
Others
RFID Tag for Livestock Management Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions: Q.1. What are some of the most promising, high-growth opportunities for the RFID tag for livestock management market by product type (active and passive), distribution channel (manufacturer, distributor, service provider, and aftermarket), application (sheep, cows, poultry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?