While it's easy to understand spending $80 on a GPS collar for a dog, livestock wearables are booming. The market is expected to grow from $1B to $2.6B by 2025.
While it’s easy to understand the pet owner who invests $80 in a GPS collar for their dog, you might not expect the same treatment for a cow. But as Modern Farmer magazine reports, livestock wearables are one of the fastest growing segments of the wearables tech market.
Lely’s electronic collars are just one example of a growing number of health wearables for livestock.
According to IDTechEX, the market for animal wearables is expected to grow from about $1 billion today to $2.6 billion in 2025. This includes wearable devices for livestock, pets and wild animals - anything from ultrasound-delivering treatment patches to electronic saddle optimization for horses. That’s right, we’re not just keeping track of your puppy anymore.
The growing number of gadgets for livestock are part of a larger move toward precision agriculture, where technology is woven into every aspect of farming. When huge companies like Monsanto and John Deere are investing in GPS-guided tractors and robotic milking machines, tracking collars for livestock seem almost routine.
But not all livestock wearables are just a mirror of human or domesticated pet equivalents. As reported by Modern Farmer, here are three new technologies that represent the future of livestock farming.
While emerging technology presents amazing opportunities for farmers to know their livestock like never before, everything comes with a price tag. Lely doesn’t list collar prices on their website, but the company’s robotic milking system costs more than $200,000. TekVet advertises their E-pill in batches of 10,000 for $100,000, coming in at $10 per cow. Still, with the market growing fast, we can assume farmers’ investments are paying off.
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