RFID Tags For Livestock Management Market to grow at a CAGR of 9.75% from 2022 to 2027, Driven by the regulations for animal welfare - Technavio

NEW YORK, March 15, 2023 /PRNewswire/ -- The global RFID tags for livestock management market size is estimated to grow by USD 880.8 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.75% during the forecast period. 

The regulations regarding animal welfare are major drivers fueling the global radio frequency identification (RFID) tags for livestock management market growth. Livestock gets affected by severe chronic diseases such as anthrax and other viral and bacterial infections, which has led to the need for regular monitoring. The number of animals slaughtered for human consumption is increasing significantly even though the number of people involved in livestock farming is limited. Resultantly, livestock production units are operated at overcapacity. Due to this, farmers cannot pay attention to the health and wellness of each animal. Thus, animal health and welfare are becoming a major concern for governments in several countries. 

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RFID Tags For Livestock Management Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on type (cattle, goats and sheep, and others), application (passive and active), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth by the cattle segment will be significant for the market growth during the forecast period. The rising investments in cattle farming to boost milk and meat production are increasing the number of livestock worldwide. Owners opt to manage livestock without any human intervention, which leads to increasing demand for automation in managing livestock units using advanced technologies such as RFID, NFC, and others, thereby driving the sales of RFID tags in cattle and is also expected to remain unchanged during the forecast period.

Geography Overview
By geography, the global RFID tags for livestock management market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global RFID tags for livestock management market.

• North America is estimated to contribute 28% to the growth of the global RFID tags for livestock market during the forecast period. The growth of the market can be attributed to factors such as the increasing population of livestock and rising investments in livestock farming. Farms usually vary widely based on the number and type of livestock like buffalos, sheep, goats, poultry, and pigs. The presence of many livestock animals presents challenges in the form of livestock management. This can be resolved through the adoption of RFID technology. The implementation of RFID for the welfare and management of livestock is mandated by the USDA. Hence, such factors are expected to increase the global RFID for livestock management market growth in this region during the forecast period.

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RFID Tags For Livestock Management Market ? Vendor Analysis

The global RFID tags for livestock management market is fragmented with the presence of various regional and global players. Allflex Group, Bartronics India Ltd., CoreRFID Ltd., Dalton Tags, Datamars SA, eAgile Inc., Essen Computers Ltd., GAO RFID Inc., HID Global Corp., Impinj Inc., Ketchum Mfg. Co., Mojix Inc., National Band and Tag Co., NXP Semiconductors NV, Omnia Technologies Pvt. Ltd., RFID Inc., Siemens AG, Tag Factory, Zebra Technologies Corp., and ID Tech Solutions Pvt. Ltd. are some of the major vendors in the market.

RFID Tags For Livestock Management Market ? Market Dynamics

Leading trends influencing the market 

• The rapid adoption of automation in livestock units is a key trend fueling the global RFID tags for livestock management market growth. 
• The global concentration of skilled workforce is declining in the agriculture and livestock sectors. The population involved in agriculture practices is steadily shifting toward the service sector or urban jobs, resulting in the remaining labor force charging higher-than-average wages.
• There is a further rise in labor costs due to the growing need for labor in the agriculture and livestock industry. Livestock owners implement automation to reduce the spending on wages and improve efficiency.
• Thus, automated equipment is used to carry out various farm operations, such as automatic identification, feeding, milking, birth detection, egg collection, barn cleaning, and others.

Major challenges hindering the market growth

• The high cost of active RFID tags is a major factor that may impede the growth of global RFID tags for livestock management market. 
• The cost of RFID systems depends on the type of tags and the type of readers. Passive tags used to manage livestock costs around USD 0.21, and UFH reader systems can process up to 1,000 tags per second. 
• For large-scale livestock companies, active RFID tags are required to manage the livestock on a large scale. Livestock owners require RFID readers to read information through active RFID tags, which are expensive, where a single reader costs up to USD 1,500. 
• This is slowing down the adoption of active RFID systems and hinders the growth of the global RFID tags market for livestock management.

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What are the key data covered in this RFID Tags For Livestock Management Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the RFID tags for livestock management market between 2023 and 2027
• Precise estimation of the size of the RFID tags for livestock management market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the RFID tags for livestock management market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of RFID Ttags for livestock management market vendors

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The radio frequency identification (RFID) market size for industrial applications is expected to increase by USD 1.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.3%. The evolution of industry 4.0 is a key driver supporting the radio frequency identification market growth for industrial applications.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global RFID tags for livestock management market 2017 - 2021 
• Exhibit 18: Historic Market Size ? Data Table on Global RFID tags for livestock management market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size ? Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size ? Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Cattle - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Cattle - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cattle - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cattle - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cattle - Year-over-year growth 2022-2027 (%)

• 6.4 Goats and sheep - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Goats and sheep - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Goats and sheep - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Goats and sheep - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Goats and sheep - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Passive - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Passive - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Passive - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Passive - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Passive - Year-over-year growth 2022-2027 (%)

• 7.4 Active - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Active - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Active - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Active - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Active - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Brazil - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Brazil - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Brazil - Year-over-year growth 2022-2027 (%)

• 9.12 Russia - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Allflex Group
• Exhibit 112: Allflex Group - Overview
• Exhibit 113: Allflex Group - Product / Service
• Exhibit 114: Allflex Group - Key offerings

• 12.4 Bartronics India Ltd. 
• Exhibit 115: Bartronics India Ltd. - Overview
• Exhibit 116: Bartronics India Ltd. - Product / Service
• Exhibit 117: Bartronics India Ltd. - Key offerings

• 12.5 Dalton Tags
• Exhibit 118: Dalton Tags - Overview
• Exhibit 119: Dalton Tags - Product / Service
• Exhibit 120: Dalton Tags - Key offerings

• 12.6 Datamars SA
• Exhibit 121: Datamars SA - Overview
• Exhibit 122: Datamars SA - Product / Service
• Exhibit 123: Datamars SA - Key offerings

• 12.7 Essen Computers Ltd.
• Exhibit 124: Essen Computers Ltd. - Overview
• Exhibit 125: Essen Computers Ltd. - Product / Service
• Exhibit 126: Essen Computers Ltd. - Key offerings

• 12.8 HID Global Corp.
• Exhibit 127: HID Global Corp. - Overview
• Exhibit 128: HID Global Corp. - Product / Service
• Exhibit 129: HID Global Corp. - Key news
• Exhibit 130: HID Global Corp. - Key offerings

• 12.9 Impinj Inc.
• Exhibit 131: Impinj Inc. - Overview
• Exhibit 132: Impinj Inc. - Product / Service
• Exhibit 133: Impinj Inc. - Key offerings

• 12.10 Ketchum Mfg. Co.
• Exhibit 134: Ketchum Mfg. Co. - Overview
• Exhibit 135: Ketchum Mfg. Co. - Product / Service
• Exhibit 136: Ketchum Mfg. Co. - Key offerings

• 12.11 Mojix Inc.
• Exhibit 137: Mojix Inc. - Overview
• Exhibit 138: Mojix Inc. - Product / Service
• Exhibit 139: Mojix Inc. - Key offerings

• 12.12 National Band and Tag Co. 
• Exhibit 140: National Band and Tag Co. - Overview
• Exhibit 141: National Band and Tag Co. - Product / Service
• Exhibit 142: National Band and Tag Co. - Key offerings

• 12.13 NXP Semiconductors NV 
• Exhibit 143: NXP Semiconductors NV - Overview
• Exhibit 144: NXP Semiconductors NV - Product / Service
• Exhibit 145: NXP Semiconductors NV - Key news
• Exhibit 146: NXP Semiconductors NV - Key offerings

• 12.14 Omnia Technologies Pvt. Ltd. 
• Exhibit 147: Omnia Technologies Pvt. Ltd. - Overview
• Exhibit 148: Omnia Technologies Pvt. Ltd. - Product / Service
• Exhibit 149: Omnia Technologies Pvt. Ltd. - Key offerings

• 12.15 RFID Inc.
• Exhibit 150: RFID Inc. - Overview
• Exhibit 151: RFID Inc. - Product / Service
• Exhibit 152: RFID Inc. - Key offerings

• 12.16 Siemens AG
• Exhibit 153: Siemens AG - Overview
• Exhibit 154: Siemens AG - Business segments
• Exhibit 155: Siemens AG - Key news
• Exhibit 156: Siemens AG - Key offerings
• Exhibit 157: Siemens AG - Segment focus

• 12.17 Tag Factory
• Exhibit 158: Tag Factory - Overview
• Exhibit 159: Tag Factory - Product / Service
• Exhibit 160: Tag Factory - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 163: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 13.5 List of abbreviations 
• Exhibit 167: List of abbreviations 

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