Global RFID tags market for livestock management at a CAGR of nearly 12%

Radio-frequency identification (RFID)tags are attached to the livestock that needs to be controlled and tracked. RFID technology uses an electromagnetic signature that accompanies the radio frequency in a specific spectrum to communicate information. This RFID tags market for livestock management analysis considers sales from cattle, goats and sheep, and other types.

In 2018, the cattle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rising adoption of automation in livestock management will play a significant role in the cattle segment to maintain its market position. Also, our global RFID tags market for livestock management report looks at factors such as regulations regarding animal welfare, emphasis on reducing methane emissions from livestock, and government regulations on transition to RFID tags. However, high cost of active RFID tags, data security and privacy issues, and threat of disruption in RFID frequencies may hamper the growth of the RFID tags market for livestock management over the forecast period.