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At CAGR of 7.2% Smart Pest Monitoring Management System Market is projected to reach US$ 1,219.35 Million by 2028

Smart Pest Monitoring Management System Market: Key Insights

According to our latest market study on “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),” 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.

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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.

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Smart pest monitoring management systems are utilized for real-time monitoring of pest populations in residential, commercial, agriculture, and industrial premises. The smart pest monitoring system allows users to use smart pest traps devices such as smart monitoring traps, mechanical rats, and mouse traps with objects to analyze and predict pest population growth using predictive analysis. Smart pest monitoring system helps the user to take preventive action before the pest population rises. It reduces the cost of users by reducing the use of chemicals and other pest activities as it provides the whole details of the site and location with many targeted insects on the premise. The global smart pest monitoring management system players are offering more advanced solution with the advent of radio signals technology that Bayer introduces prompt facility manager when a rodent is caught, and this solution as a Rodent Monitoring System (RMS).

Smart Pest Monitoring Management System Market: Competitive Landscape and Key Developments

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.

The smart pest monitoring management system market players mainly focus on developing advanced and efficient products.

  • In 2022, RATSENSE’s technology will be applied in NEA markets. All NEA markets and hawker centers will have rat surveillance devices installed. Under a two-year experiment, the NEA will deploy around 20 rat surveillance technologies every month, beginning with marketplaces and hawker centers.
  • In 2022, Bayer AG announced the launch of its brand-new Research and Innovation Center at Kendall Square in Boston-Cambridge, Massachusetts (U.S.A.), further extending the company’s presence into one of the most cutting-edge pharmaceutical research and development centers worldwide.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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