Market Introduction
Smart collar tags for cow are the introduction of the Internet of things (IoT) technology in the livestock industry that brought new solutions for dairy farmers to manage the livestock more effectively. New smart technologies, such as real-time animal activity monitoring, automated feeding systems, and health tracking devices, have boosted the revenue margin for dairy farmers. The cost-saving benefits experienced after mounting the collars on a cow is one of the key factors for the smart collar tag for cow market growth. Dairy farmers and ranchers are adopting smart collars to locate and monitor the cow's activities.
Market Overview and Dynamics
The Asia Pacific smart collar tags for cow market is expected to reach US$ 124.3 million in 2027 from US$ 54.2 million in 2019. The market is estimated to grow with a CAGR of 12.0% from 2020-2027. 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.
Key Market Segments
Based on product type, the smart collar tags for cow market is segmented into GPS based, radio based, and others. Based on application, the smart collar tags for cow market, is segmented into tracking, training, and others.
Major Sources and Companies Listed
Some of the major primary and secondary sources for smart collar tags for cow market included in the report are the Food and Agriculture Organization (FAO), the Sierra Wireless company, and others.
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ASIA PACIFIC SMART COLLAR TAGS FOR COW MARKET SEGMENTATION
By Product Type
By Application
By Country
Company Profiles