North America is the largest regional market in the global smart pest monitoring management System market wherein countries such as the US, Canada, and Mexico have emerged as one of the major contributors. High manufacturing base of various industries including automotive, chemical, rubber, and others, and rising agriculture activities makes this region one of the largest consumers of smart pest monitoring management System. Thus, the rising manufacturing industries is influencing the growth of the smart pest monitoring management System market in the region. On the other hand, Europe held the second position in the smart pest monitoring management System market and one of the fastest growing market for smart pest monitoring management System in 2020. The region is estimated to offer several growth opportunities to market players during the forecast period. Germany and France are the key markets for smart pest monitoring management System in Europe. Rise in demand for consumer based goods and warehouses is estimated to drive the smart pest monitoring management System market in the region during the forecast period. Automotive, food & beverage and pharmaceutical industries are the three important industries in the region. In the food & beverage trade, the country has a large trade surplus. Further, the EU food law is highly harmonized, and it greatly benefits from the EU Single Market’s opportunities. Based on geography, the smart pest monitoring management system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Bell Laboratories, Inc., Bayer AG, Corteva, Anticimex and Rentokil Initial plc– Prominent Market Participants in Smart Pest Monitoring Management System Market
Bell Laboratories, Inc., Bayer AG, Corteva, Anticimex and Rentokil Initial plc are among the well-known players operating in the global smart pest monitoring management system market and are focused on product development and innovations.In order to target key insect pests of Australian agriculture, ADAMA Australia has initiated a nationwide network of more than 500 Trapview automated pest traps. Pest-Stop, a Pelsis Group brand has announced the launch of the new and improved, Solar Powered Mole Repeller. The product features a high quality solar powered rechargeable lithium battery of 2200mAh. Bayer AG has started preparations to kick off the sale of pest control unit Bayer Environmental Science with a price tag potentially topping 2.4 billion euros.
According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. In 2020, the world economy suffered significant consequences, and the effects are expected to endure to some extent. The outbreak has led to disruptions in primary sectors including electronics, semiconductor, hospitality, manufacturing, and residential sector. A sharp decline in the growth of mentioned industries is limiting the smart pest monitoring management system market growth. Factory shutdowns, travel and trade bans, and border lockdowns to combat and contain the infection have impacted the working of many industries across the world.
The top five companies in the market Bell Laboratories, Inc., Bayer AG, Corteva, Anticimex and Rentokil Initial plc. The above listing of key players is derived by considering multiple factors such as overall revenue, current smart pest monitoring management system portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | Plantaze makes use of SAS analytics deployed by partners DunavNET and the University of Donja Gorica for monitoring the presence of grape moths, which can cause serious damage. | Europe |
| 2020 | FaunaPhotonics is one of 4 startup companies to take part in second round of John Deere Startup Collaborator program during 2020. | Europe |
| 2020 | Placing sensors in a planted flower strip and in a natural field margin, FAUNAPHOTONICS tested its sensor technology with Syngenta at Lystrup gods in Denmark. | Europe |
