the radio frequency identification tags for livestock management market was valued at USD 1.35 billion in 2021 and is expected to reach the value of USD 1.53 billion by 2029, at a CAGR of 1.60% during the forecast period of 2022-2029.
Radio Frequency Identification (RFID) Tags for Livestock Management Market Dynamics
Drivers
Increasing support from government to encourage farmers
The increasing government support for encouraging farmers to adopt smart agricultural practises in order to boost agricultural output is a significant factor driving the growth of the global RFID tags for livestock management market. Many governments require the use of RFID tags for cattle and other animals in order to identify and track specific animals. Furthermore, the increasing adoption of automation in livestock management and government regulations governing the transition to RFID tags and animal welfare are expected to drive the global (RFID) tags for livestock management market forward.
Rising smart farming trends to assist the growth of the market
There is a trend toward smart farming, which uses smart solutions such as RFID readers, RFID tags, and RFID middleware to wirelessly collect livestock data from the field, such as changes in location, weight, treatment codes, and estimated birthing time. These advancements assist in the growth of the global (RFID) tags for the livestock management market.
Opportunity
Leading RFID market players are focusing their investments on more technologically advanced, cost-effective, and secure products and solutions for a wide range of applications. Governments in various countries implement various policies to improve the profitability and livelihood of farmers and ranchers.
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Market Definition
RFID tags for livestock management enable a person to accurately measure and track the movements of livestock animals. It can also identify livestock animals in the forest or field and track them in real time. These tags are essentially a technology that collects data from small GPS labels carried by sheep, cows, and other animals. It is widely used in slaughterhouse management, hatcheries, poultry farms, and by government agencies to track all types of pets and stray animals. RFID tags enable farmers to improve breeding control, improve traceability, increase conservation efforts, and collect data on every animal in the herd.
(RFID) Tags for Livestock Management Market Scope
The radio frequency identification (RFID) tags for livestock management market are segmented on the basis of type, application and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Active
Passive
Application
Sheep
Cows
Poultry
Others
Sales channel
Manufacturer
Distributor
Service Provider
Aftermarket
Competitive Landscape and Radio Frequency Identification (RFID) Tags for Livestock Management Market Share Analysis
The radio frequency identification (RFID) tags for livestock management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the radio frequency identification (RFID) tags for livestock management market.
Alien Technology, LLC (US)
GAO Group Inc. (Canada)
Honeywell International Inc. (US)
Imping, Inc. (US)
Mobile Aspects, Inc. (US)
RF Technologies, Inc. (US)
Radiance (US)
STID (US)
STANLEY Healthcare (US)
SATO HOLDINGS CORPORATION (Japan)
Motorola Solutions, Inc. (US)
CAEN RFID U.R.L. (Italy)
New Age Industries, Inc. (US)
IBM Corporation (US)
Siemens (Germany)
AMERICAN RFID SOLUTIONS, LLC (US)
3M (US)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: market Definition
Ø Chapter Four: Market Scope
Ø Chapter five: Market Share Analysis
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