Livestock monitoring system (LMS) pursuits to display all animal transactions and animal products, screen milk and milk merchandise by rectangular code gadget, monitor from the center the ovine, bovine and hen animals for slaughter in order that they are able to attain the patron in safety and sign up the fisheries tactics and fishermen. Monitoring of all sort of animal disease, transportation activities, annual milk and meat consumption, remedy utilization and price, ordinary vaccination, the looking system in fisheries might be ensured and much greater efficient helping and precaution-taking could be provided. Furthermore, the machine can also be capable of monitor the single shank animals and the others along with dog and cats.
Traits in sensor generation which have taken place, and which are in progress or may be foreseen, will make available growing amounts of information applicable to monitoring animals and their surroundings, and hence their production, growth, and fitness. Structures are already to be had for figuring out and weighing animals and it is affordable to count on that systems turns into to be had for monitoring animals for tracking primary physiological factors which includes body temperature and heart rate and for assessing body conformation, and some limiting factors of the composition.
The Latin America livestock monitoring system market size become around USD 33.51 million in 2016. It is expected to develop at a CAGR of 16% to reach USD 70.39 million by 2021. It captures 8% of the worldwide market.
Drivers and Restraints:
The Primary factors responsible for fuelling the demand for livestock monitoring systems are increase in length and a wide variety of dairy farms, improvement of sensors that can acquire an increasing number of wide variety of records, new product launches for cattle management, and want for large cost financial savings related to livestock monitoring and management.
Using structures for figuring out and weighing animals is already being implemented globally, and it is anticipated that structures for tracking animals, tracking fundamental fitness related elements which include body temperature and heart rate, and for assessing body conformation, will witness high adoption charge in coming years.
On the premise of geography, the market is classed into Brazil, Chile, Argentina, and others. It is second to final in terms of market share owing to the rising concerns over global food protection and heavy investments by governments in this region.
Some of the main players of the market include Afimilk Ltd. (Israel), BouMatic LLC (U.S.), SCR Dairy, Inc. (Israel) DeLaval (Sweden), GEA Group AG (Germany), and livestock monitoring software and service providers such as DairyMaster (Ireland), SUM-IT Computer Systems, Ltd. (U.K.), and Valley Agriculture Software (U.S.).
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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