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Monday, 23 February 2026

Precision Livestock Farming Market (2025 - 2033)

 

Precision Livestock Farming Market Summary

The global precision livestock farming market size was estimated at USD 7.50 billion in 2024 and is projected to reach USD 19.89 billion by 2033, growing at a CAGR of 11.75% from 2025 to 2033. The market is experiencing significant growth, driven by technological advancements in IoT, AI, and sensors.

Key Market Trends & Insights

Market Size & Forecast


Factors such as regulatory pressure, food safety concerns, labor shortages, and operational efficiency needs are expected to further fuel the growth. The rapid advancement of Internet of Things (IoT) devices, artificial intelligence (AI), and sophisticated sensors has revolutionized livestock management. These technologies are used to monitor the health and behavior of animals as well as environmental conditions in real time. Sensors can identify early indicators of illness, reproductive cycles, or stress, facilitating timely interventions.

Market Concentration & Characteristics

The Precision Livestock Farming (PLF) market is moderately concentrated, and the pace is accelerating, with a few global leaders such as Lely, DeLaval, Afimilk, MSD Animal Health, and Allflex dominating core segments like milking automation, livestock monitoring, and identification. Smaller startups and regional players drive innovation in AI, IoT, and traceability solutions.

Animal Insights

The bovine segment held the largest revenue share of 46.83% in 2024 and is expected to grow the fastest over the forecast period. The segment growth is driven by the rising global demand for beef and dairy products. Cattle farming requires intensive resource management, making precision tools such as automated milking systems, health monitoring sensors, and smart feeding solutions.

Solution Insights

The hardware segment dominated the precision livestock farming industry with the largest revenue share in 2024, owing to the widespread adoption of smart sensors, automated feeding systems, climate control units, and wearable devices. Farmers can make analytical decisions that improve efficiency and profitability due to hardware solutions that provide real-time insights into animal health, behaviour, and productivity

Application Insights

The milking management segment held the largest revenue share in 2024, boosted by the dairy industry’s increasing demand for efficiency, productivity, and animal welfare. Automated milking systems, sensors, and robotic solutions allow real-time monitoring of milk yield, udder health, and cow behavior. These innovations reduce labor costs and improve milk quality. Companies such as Lely, DeLaval, and GEA are continuously involved in advanced robotic milking systems and data-focused platforms to improve operational efficiency

Operation Insights

The large operation segment accounted for the largest revenue share of the precision livestock farming industry in 2024, owing to its capacity for investment in advanced technologies like automated feeding systems, robotic milking, and AI-driven livestock monitoring. These operations emphasize efficiency, productivity, and scalability to manage thousands of animals, ensuring optimized resource use and increased profitability.

End Use Insights

The livestock owners segment accounted for the largest revenue share in 2024. It is expected to be among the fastest-growing segments over the forecast period, as they are the primary adopters and direct beneficiaries of advanced farming technologies. To enhance productivity, herd health, and cost efficiency, stakeholders make investments in automated milking solutions, smart hardware, and behavioral monitoring.

Regional Insights

North America dominated the global precision livestock farming market in 2024, holding the largest revenue share of 28.58%. This can be attributed to the need for higher productivity, animal welfare, and sustainability. Key players include DeLaval, GEA, Afimilk, BouMatic, Lely, Nedap, Allflex, Neogen, and ag-tech innovators such as Cainthus and Connecterra are propelling the market growth with innovations. 

Key Precision Livestock Farming Companies:

The following are the leading companies in the precision livestock farming market. These companies collectively hold the largest market share and dictate industry trends.

Global Precision Livestock Farming Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global precision livestock farming market report based on animal, solution, application, operation, end use, and region: