LIVESTOCK IDENTIFICATION MARKET ANALYSIS

Livestock Identification MarketSize and Trends

The livestock identification Market size is valued at US$ 3.83 Bn in 2024 and is expected to reach US$ 7.35 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031. ...The market is segmented into  product type, animal type, technology, application, component, and region. By technology, radio frequency identification (RFID) tags are the largest and fastest growing segment due to their accuracy, reliability, and usage in multiple applications like farm management, animal tracking, and others.

Livestock Identification Market Trends

• Transition towards digital identification methods globally: The market is witnessing a major transition from conventional visual ID methods like tattoos, tags, brands to electronic ID methods like RFID, GPS enabled tags globally due to benefits like real time monitoring, reduced labor costs. Adoption of electronic ID methods is a key trend. According to scientific report in 2023, the SmartGlove invention is an emblematic of the global shift towards digital identification methods, where the convergence of RFID technology and augmented reality (AR) smart glasses underscores a significant market trend toward more interactive, efficient, and integrated systems. This product's blend of RFID and AR positions it at the forefront of innovations aimed at improving and streamlining identification processes across various industries. The market trend shows a growing appetite for such advanced technologies, thereby potentially leading to a wide adoption of SmartGlove-like devices as standard tools in the era of digital transformation...