The smart pest monitoring management system market size is projected to reach US$ 1403.99 million by 2031 from US$ 706.92 million in 2023. The market is expected to register a CAGR of 9.0% during 2023–2031. The rise in the adoption of advanced technologies in the agriculture sector and several government regulations for the implementation of smart PEST monitoring management systems are likely to be the key drivers and trends of the market.
The smart Pest Monitoring management system market is experiencing significant growth globally. This growth is attributed to factors such as the rise in the adoption of advanced technologies in the agriculture sector and several government regulations for the implementation of smart PEST monitoring management systems. Moreover, rising rates of urbanization and middle-class population drive pest control demand in residential applications, and the mounting adoption of advanced technologies and applications is anticipated to hold several opportunities for the market in the coming years.
A system for detecting the pest attack, intimating the farmer about the infection automatically, and comparing the obtained real-time values with the database to identify the affected leaf and to alert the farmer through the GSM module is proposed. With the interpretation of smart agriculture, insect monitoring systems are progressively used in agriculture, forestry, landscaping, customs, professional standardized science and technology demonstration parks, and many other fields. Monitoring, early warning, forecasting, and forecasting of information on changes in the pest situation in the field, and assisting managers in formulating specific prevention and control measures promptly.
The rise in advanced technologies in agriculture technologies is indeed driving the market. Technological advances such as precision farming are gaining traction owing to the adoption of advanced analytics and the Internet of Things (IoT). Advanced analytics utilizes numerous methods and instruments to obtain and analyze information regarding the conditions of soil and yield. Precision farming practices are likely to witness significant growth since these practices allow farmers to boost productivity, regulate field fluctuations, and lower production prices. This raises the agricultural yield, which increases the requirement of a smart pest monitoring market. Thus, the rise in advanced technologies in agriculture is driving the market.
Integrated Pest Management (IPM) is a valuable and environmentally sensitive approach to pest management that depends on a combination of common-sense practices. IPM programs utilize current, comprehensive statistics on the life cycles of pests and their relations with the environment. This information, in combination with available pest control methods, is managed to manage pest damage by the most economical means and with the minimum possible hazard to people, property, and the environment. Moreover, various companies offer IPM. For example, LEAF offers a farmer guide to integrated pest management.
Key segments that contributed to the derivation of the smart pest monitoring management system market analysis are component and end users.
The geographic scope of the smart pest monitoring management system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the smart pest monitoring management system market. High technology adoption trends in various industries in the North American region have fuelled the growth of the smart pest monitoring management system market. Factors such as increased adoption of digital tools and high technological spending by government agencies. The rise in the adoption of advanced technologies in the agriculture sector and several government regulations for the implementation of smart PEST monitoring management systems are expected to drive the North American smart pest monitoring management system market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has many smart pest monitoring management system market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the smart pest monitoring management system market.
The regional trends and factors influencing the Smart Pest Monitoring Management System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Smart Pest Monitoring Management System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 706.92 Million |
| Market Size by 2031 | US$ 1403.99 Million |
| Global CAGR (2023 - 2031) | 9.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Smart Pest Monitoring Management System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Smart Pest Monitoring Management System Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The smart pest monitoring management system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the smart pest monitoring management system market are listed below:
The “Smart Pest Monitoring Management System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The expected CAGR of the smart pest monitoring management system market is 9.0%.
The global smart pest monitoring management system market is expected to reach US$ 1403.99 million by 2031.
The key players holding majority shares in the global smart pest monitoring management system market are Ratdar, Anticimex, Bell Laboratories, Inc., Bayer AG, Corteva, EFOS d.o.o, SnapTrap, B.V.Pelsis Group Ltd, VM Products, Rentokil Initial Plc.
The mounting adoption of integrated pest management is anticipated to drive the market in the forecast period.
The rise in the adoption of advanced technologies in the agriculture sector and several government regulations for the implementation of smart pest monitoring management systems are some of the factors driving the smart pest monitoring management system market.
North America is anticipated to dominate the smart pest monitoring management system market in 2023.