The report on the RFID tags for the livestock management market forecasts a significant growth of $880.8 million between 2022 and 2027, with a projected compound annual growth rate (CAGR) of 9.75%. It provides a comprehensive analysis of the market, including size and forecast, trends, growth drivers, challenges, and vendor analysis encompassing approximately 25 vendors.
Key factors driving market growth include regulatory measures for animal welfare, efforts to reduce methane emissions from livestock, and government mandates transitioning to RFID tags. The market segmentation covers types (cattle, goats, sheep, and others), applications (passive and active), and geography (North America, Europe, APAC, South America, Middle East, and Africa).
The increasing adoption of automation in livestock units, along with the rising use of RFID in smart farming applications and cloud technologies to enhance dairy production, are identified as prime growth drivers. The report includes a detailed vendor analysis, covering leading companies like GAO RFID Inc., Allflex Group, Bartronics India Ltd., CoreRFID Ltd., and others.
Furthermore, the report presents a thorough analysis of market dynamics, including customer landscape, geographic segmentation, market drivers, challenges, and emerging trends. It also outlines a comprehensive vendor landscape and includes a detailed vendor selection methodology and analysis.
Through a combination of primary and secondary research, the report offers reliable and extensive market insights, supported by data synthesis and analysis of key parameters such as profit, pricing, competition, and promotions. It aims to assist companies in strategizing and leveraging forthcoming growth opportunities in the RFID tags for the livestock management market.