The smart pest monitoring management system market in Europe is expected to grow from US$ 213.94 million in 2021 to US$ 352.51 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2021 to 2028.
The UK, Germany, and Russia are major economies in Europe. Surge in adoption of advance technologies in agriculture sector is the major factor driving the growth of the Europe smart pest monitoring management system market. The mounting adoption of advanced technology to ease the overall processes performed in the agriculture sector, which includes adopting the automated pest monitoring system by the farmers, decreases the manual intervention in fields. The manual pest controlling process in farming is time-consuming, it involves more labor at an additional cost for farmers, and it raises safety issues for workers. The adoption of smart pest monitoring management systems reduces crop damage by pests and decreases the farmer’s field visits for pest monitoring from time to time. The application of smart pest monitoring management systems boosts the accuracy of pest monitoring at a lower cost. Additionally, the adoption of smart pest monitoring management systems in farm fields reduces the application of chemical pesticides. The smart pest monitoring management systems ease the risks by giving prior intimation to the farmers/end users with the help of accurate data about the influence of pests on the yields. Consequently, the early control of pests helps in resolving issues before the crop sustains severe damage. The adoption of IoT-enabled solutions is one of the most significant factors for adopting smart agriculture systems, which includes a smart pest monitoring management system. The smart pest monitoring system helps farmers embrace modern technologies such as artificial intelligence and analytics to enhance crop management and insect monitoring. Thus, the mounting adoption of advanced technologies in the agriculture sector is driving the adoption of smart pest monitoring management systems, which is further anticipated to drive the market in Europe.
Businesses in Europe are facing severe economic difficulties due to the wake of COVID-19. Several business activities have been suspended or substantially reduced. The member states such as Italy, Spain, and German, have implemented drastic measures and travel restrictions to limit the spread of COVID-19 among its citizens. The market players present in the region have started focusing on the development of wireless platforms, which allow the farmers to strengthen their real-time decision making with respect to pest monitor, crop health monitoring, yield monitoring, field mapping, harvesting management, and irrigation scheduling. The impact of COVID-19 pandemic is projected to be for shorter duration and the market is anticipated to offer lucrative opportunity in medium to long term.
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Europe Smart Pest Monitoring Management System Market Segmentation
Europe Smart Pest Monitoring Management System Market – By Component
- Hardware
- Software and Services
Europe Smart Pest Monitoring Management System Market – By End-User
- Commercial
- Residential
- Agriculture
- Industrial
Europe Smart Pest Monitoring Management System Market– By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe Smart Pest Monitoring Management System Market-Companies Mentioned
- Anticimex
- Bayer AG
- Bell Labs
- Corteva
- EFOS d.o.o
- Futura GmbH
- Pelsis Group Ltd
- PestWest USA
- Ratdar
- Rentokil Initial plc
- SnapTrap B.V.
- VM Products
Europe Smart Pest Monitoring Management System Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 213.94 Million |
Market Size by 2028 | US$ 352.51 Million |
Global CAGR (2021 - 2028) | 7.4% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Component
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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