The global RFID 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, growing with a CAGR of 1.60% during the forecast period of 2022-2029.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global RFID Tags for Livestock Management Market . Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide RFID Tags for Livestock Management Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. RFID tags on animals help people keep track of their movements and measure them accurately. It can also recognise and track animals in forests or fields in real time. These tags are basically a technology that gathers information from small GPS tags that sheep, cows, and other animals wear. It is used in a lot of places, like slaughterhouses, hatcheries, and chicken farms. It is also used by the government to track all kinds of pets and stray animals. RFID tags let farmers keep better track of breeding, make it easier to find animals, help with conservation efforts, and get information about each animal in their herd.
RFID Tags for Livestock Management market size estimates and forecasts are given in terms of sales volume (K units) and revenue (million USD), with data from 2017 to 2030 as the base year. This report describes in detail the different parts of the global RFID Tags for Livestock Management market. Regional market sizes are also given for products by type, by use, and by player. When figuring out how big the market was, we thought about how COVID-19 and other global crises would affect it.
The global RFID Tags for Livestock Management market is a professional and accurate study of different business aspects, such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been put together based on the different segments and subsegments of the global market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the RFID Tags for Livestock Management Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as RFID Tags for Livestock Management Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.
Based on types, the RFID Tags for Livestock Management Market is segmented into:
- Active
- PassiveOn the Basis of Application:
- Sheep
- Cows
- Poultry
- others
By Sales Channel
- Manufacturer/Distributor/Service Provider
- Aftermarket
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Industry news and major changes
Alien Technology, LLC, a leader in RFID technology, joined forces with Digital China in 2020 to combine their strengths and increase RFID sales by selling products and services to clients in China.
In 2019, HID Global Corporation, a world leader in trusted identity solutions, said it would buy LUX-Ident, a leading provider of radio frequency identification (RFID) components. The goal of this purchase is to improve RFID technology and make it even more dominant in the market.
In February 2022, with a range of frequencies from 860 MHz to 960 MHz. The reader can read UHF RFID Ear Tags like the UM301, UM401, US201, and UF301. It can also read other UHF ear tags.
July of 2021. (LIC). LICA is the market leader in dairy technology and automation. MSD Animal Health thinks that this purchase will help it offer more products and shape the future of animal health.
In June 2021, to speed up and improve its ability to track the performance of livestock. With this purchase, the company was able to help its customers make better decisions and get results that could be measured.
On the Basis of Region:
Geographically, the global RFID Tags for Livestock Management market has been studied in places like North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be dominated by the global RFID Tags for Livestock Management region. During the forecast period, the CAGR for the Europe region is expected to be higher. The market is expected to grow because there are more livestock farms and more smart farming solutions that help farmers make more food. RFID tags are becoming more popular in the European livestock management market because of laws that require RFID tags to be used to track and identify specific animals.
Regional RFID Tags for Livestock Management Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in RFID Tags for Livestock Management Market include:
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- RFID Tags for Livestock Management Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
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Key Market Participants in the RFID Tags for Livestock Management Market :
Alien Technology, Confidex Ltd, HID Global Corporation, Honeywell international Inc., Omni-ID Ltd (U.S.), Impinj, Inc., Invengo Information Technology Co. Ltd, Smartrac N.V., The Tag Factory, and others.
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