Report : North America Smart Collar Tags for Cow Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (GPS Based, Radio Based, and Others); Application (Tracking, Training, and Others)
Radio Based Segment Held Largest Share of Product Type in North America Smart Collar Tags for Cow Market in 2019
According to a new market research study of ‘North America Smart Collar Tags for Cow Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type and Application’ the North America Smart collar tags for cow market is expected to reach US$ 141.0 million in 2027 from US$ 72.7 million in 2019. The market is estimated to grow with a CAGR of 9.7% from 2020-2027. The report provides trends prevailing in the North America Smart collar tags for cow market and the factors driving market along with those that act as hindrances.
Based on product type, the smart collar tags for cow market is segmented into GPS based, radio based, and others. In 2019, the radio based segment held the largest market share and is also expected to register the highest CAGR during the forecast period. Radio-based smart collar tags for cows offer benefits such as low power consumption, enhanced accuracy in both indoor and outdoor situations, and low cost. Radio-based smart collar tags are available in a wide frequency range options such as low radio frequency range, high-frequency range, and very high-frequency range. Adopting the GPS-based smart collar for cows is a costly solution for small farmers, owing to which the low-cost radio-based collars are dominating the market. Further, improvement in battery backup (i.e.~ 3 months) in radio-based smart collar is augmenting the segment growth.
The growth of this market is estimated to grow owing to key driving factors such as the rising need for cattle tracking solutions and an increasing demand in dairy farming applications. However, the market is expected experiencing slow growth during the forecast period owing to the availability of substitute technologies.
Afimilk Ltd, BouMatic, Connecterra B.V., Cowlar Inc., CowManager B.V, Lely, QUANTIFIED AG, and SCR Dairy are among the leading companies operating in the North America Smart collar tags for cow market.
The report segments North America Smart Collar Tags for Cow Market as Follows:
By Product Type
- GPS Based
- Radio Based
- Others
By Application
- Tracking
- Training
- Others
By Country
- North America
- US
- Canada
- Mexico
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