The global Artificial Intelligence in Livestock Farming market is set to experience significant growth in the coming years, according to a new report by InsightAce Analytic. The market is expected to see a compound annual growth rate (CAGR) of 26.2% from 2024 to 2031.
Artificial Intelligence (AI) technologies are revolutionizing the livestock farming industry, with solutions such as software, apps, IoT sensors, and services playing a crucial role in enhancing productivity and efficiency. Technology such as deep learning, machine learning, and predictive analytics are being used to monitor and manage livestock behavior, health, feed, water, control, and production.
The adoption of AI in livestock farming is driven by the need for data-driven decision-making, improved health management of livestock, and increased productivity. With the help of AI technologies, farmers can optimize feed quality, monitor livestock health in real-time, enhance supply chain efficiency, and improve overall farm management.
The North American market is expected to lead the way in AI adoption in livestock farming, thanks to the region’s focus on technology-driven farming practices, increased demand for high-quality dairy products, and a growing interest in automated livestock handling systems. Major players in the market include BovControl, BinSentry Inc, Connecterra, Cainthus, and Quantified AG.
In Europe, Asia Pacific, Latin America, and the Middle East & Africa regions, the adoption of AI in livestock farming is also expected to grow significantly. Factors such as increasing food consumption, disease prevalence among livestock, and advancements in IoT and computer vision technologies will drive market growth in these regions.
Collaborations and agreements within the industry are helping to drive innovation and improve products for the cattle industry. For example, tech company Cainthus developed Alus Behavior, a system that monitors cows’ behavior to enhance milk production and animal welfare. In another example, Merck Animal Health acquired Quantified Ag, a data and analytics company focused on early sickness detection in cattle.
Overall, the global Artificial Intelligence in Livestock Farming market is poised for substantial growth in the coming years, driven by technological advancements, increasing demand for high-quality animal products, and a focus on improving livestock health and welfare. With continued innovation and collaboration, the industry is set to undergo significant transformation, benefiting farmers and consumers alike.
