RFID Tags Market for Livestock Management | Size, Share, Growth, Trends | Industry Analysis | Forecast 2023

RFID technology uses an electromagnetic signature that accompanies the radio frequency in a specific spectrum to communicate information. RFID tags used for livestock management are mainly based on three frequencies, namely low frequency, high frequency, and ultra-high frequency.

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Smart farming incorporates smart solutions that use RFID systems such as RFID tags, RFID readers, and RFID middleware to gather vital information regarding livestock. Smart solutions enable the wireless collection of livestock data from the field, such as a change in weight, location, treatment codes, and estimated birthing time. The data are recorded and uploaded in smart farming applications. The application consists of information such as health records and production processes such as milking. The solution supports simultaneous data collection and recording.

The increasing adoption of smart solutions is encouraging market participants such as software solution providers to develop and launch smart farming applications. RFID readers read the information from RFID tags and store the data. Smart solutions enable livestock owners to analyze the behavior of livestock. Hence, the increasing adoption of RFID in smart farming applications is expected to augment the growth of the global RFID tags market for livestock management at a CAGR of 11.86% during the forecast period.

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