According to our latest market study on “Smart Pest Monitoring Management System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component and End User,” the smart pest monitoring management system market is expected to grow from US$ 805.06 million in 2022 to US$ 1,219.35 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Smart pest monitoring management system, based on hardware, comprises smart monitoring traps, mechanical rats and mouse traps, sensors, and GPS drones, among others. Smart monitoring traps are monitoring devices that attract targeted insect pests, sense the entering insect, and take pictures of it. The trap also includes strong attractants (pheromone and/or food) to increase capture efficiency and traps the insect on its sticky floor. Further, the mechanical rats and mouse traps use jaws operated by a coiled spring and triggering mechanism. The above-mentioned pest monitoring hardware is widely used in commercial and residential places. However, GPS drones are widely used in agriculture for monitoring and controlling the pest. In agricultural modernization, unmanned aerial vehicles (UAVs) or drones can monitor the incidence of crop decreases and pests from the ground micro and air macro perspectives. Developments in hardware will create more opportunities for new smart pest monitoring system fabrication, and in turn fueling the smart pest monitoring management system market growth.
Concerning hardware used in smart pest monitoring systems, companies such as FarmSense are developing new systems to enhance crop management. The company’s system assists the farmers in adopting advanced machine learning, artificial intelligence, and real-time analytics to enhance crop management and insect monitoring. Additionally, the company’s FlightSensor utilizes newer optical sensor technology for automating real-time insect classification and counting processes. This sensor provides immediate access for farmers, which helps in making mission-critical decisions efficiently on pest control and crop. Similarly, in October 2021, Syngenta a Switzerland company known for offering agricultural science and technology for seeds and pesticides is exploring DIOPSIS (Digital Identification of Photographically Sampled Insect Species) insect scanner. This scanner assists growers in obtaining insight into beneficial insects and pests for their crops. Faunabit, a start-up, founded this scanner, in which Syngenta is exploring scanners for regular agriculture practice. The scanner will also help measure biodiversity in the field and develop a decision support system for farmers. Such developments are projected to create lucrative business opportunities for advanced pest monitoring systems and propelling the smart pest monitoring management system market growth.
Impact of COVID-19 Pandemic on Smart Pest Monitoring Management System Market
The major countries in the MEA facing the economic impact of COVID-19 pandemic include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. The region registered a swift decline in manufacturing activities due to industries shutting down and technology innovations witnessed temporary disruptions across Middle East and Africa region. Due to the global COVID-19 pandemic, the regional activites was negatively impacted. In addition to this, the factory lockdowns, business shutdowns, and travel bans further aggravated the economic problems in the region. In Saudi Arabia and the UAE, the imposition of travel restrictions and disruption of supply chains limited the smart pest monitoring management system market growth to a certain extent. The impact of the COVID-19 pandemic on smart pest monitoring management system market has been huge both as a merit and demerit. However, it will certainly see a heavy rise after the pandemic.
A pandemic-induced shock to the Middle Eastern economies will take a long time to recover from, increasing poverty rates and lowering GDP. Despite challenges like the digitalization of pest management techniques like the smart pest monitoring system, software and hardware for pest monitoring, technical expertise, accessibility to resources, and infrastructure limitations. To accommodate the growing population, crop production, farming activities, and trade volumes will need to rise. In order to enhance crop yields, farmers and commercial agricultural firms will also expand their purchases of arable land, which is anticipated to raise demand for pest monitoring systems. This factor of increasing arable land will impact the MEA smart pest monitoring management system market share.
The Middle East has a booming manufacturing sector, owing to the governments’ efforts to encourage the expansion of the sector. The UAE is the most advanced country in the region, and the country’s government is taking initiatives to strengthen the overall manufacturing infrastructure of the country. For instance, the UAE government launched Dubai Industrial Strategy 2030 to make Dubai a preferred manufacturing platform for global businesses, promote environmentally friendly and energy-efficient manufacturing, and make Dubai a global product market center. Hence, the flourishing manufacturing industries in the region are expected to boost the smart pest monitoring management system market as the manufacturing industry is one of the prime users of smart pest monitoring and controlling solutions at their premises. The aforesaid factors related to industrial growth would accelerate the smart pest monitoring management system market share in a pest monitoring market.
The smart pest monitoring management system market size is segmented into component, end-user, and geography. Based on component, the smart pest monitoring management system market analysis is categorized into hardware and software & services. By end-user, the smart pest monitoring management system market analysis is segmented into commercial, residential, agriculture, and industrial. On the basis of geography, the smart pest monitoring management system market size is primarily segregated into North America, Europe, Asia Pacific (Asia Pacific), the Middle East & Africa (MEA), and South America.
Anticimex, Bell Labs, Bayer AG, Corteva, Ecolab, and Rentokil Initial PLC are some prominent smart pest monitoring management system market players. The market is highly fragmented, with several smart pest monitoring management system market players localized in a specific region to cater to domestic demand.
Smart Pest Monitoring Management System Market Share – by Region, 2021
Smart Pest Monitoring Management System Market Size by 2028
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Smart Pest Monitoring Management System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software & Services) and End User (Commercial, Residential, Agriculture, and Industrial)
Smart Pest Monitoring Management System Market Size by 2028
Download Free SampleSmart Pest Monitoring Management System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software & Services) and End User (Commercial, Residential, Agriculture, and Industrial)
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