Precision Livestock Farming Market worth $11.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Key Facts

• This growing population of dairy cattle is likely to propel the market for precision livestock farming solutions in the coming years.
• Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29706557 Browse in-depth TOC on "Precision Livestock Farming Market" 150 – Tables 70 – Figures 240 – Pages Precision Livestock Farming Market Report Scope: Report Coverage Details Market Revenue in 2023 $6.9 billion Estimated Value by 2028 $11.2 billion Growth Rate Poised to grow at a CAGR of 10.2% Market Size Available for 2019–2028 Forecast Period 2023–2028 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By System Type, Application, Offering, Farm Type, Farm Size and Geography Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Emergence & re-emergence of diseases and environmental concerns Key Market Opportunities Growing popularity of poultry robots and BSC smart cameras Key Market Drivers Surging labor costs and rising demand for automation in the livestock industry Milking robotic systems to hold the largest market share between 2023 and 2028.
• Robotics hardware, RFID tags, and sensors are likely to contribute a significant share in the overall precision livestock farming market between 2023 and 2028.
• The presence of many cattle and other livestock farms and increasing demand for dairy and other livestock-related products are the other factors supporting the market growth in Germany.

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