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Smart Insect Traps and Smart Pest Traps Market Size Worth $1.5 Billion By 2030: IndustryARC

Mar 11, 2024 7:00 PM ET

Smart Insect Traps and Smart Pest Traps Market Size Worth $1.5 Billion By 2030: IndustryARC

The Global Smart Insect Traps/Smart Pest Traps Market size is predicted to reach $1.5 billion by 2030, growing at a CAGR of 6.5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC.  The integration of these devices into broader smart home ecosystems are fueling the growth of the Smart Insect Traps/Smart Pest Traps Market during the forecast period, finds IndustryARC in its recent report, titled “Smart Insect Traps/Smart Pest Traps Market Size, Share & Trends Analysis Report – By Pest Type (Mosquito traps, Fly traps, Rodent traps, General insect traps), By Technology (IoT-enabled traps, Sensor-based traps, Camera-equipped traps), By Connectivity (Wi-Fi, Bluetooth, Zigbee, Others), By Price Range (Low, Medium, High), By Application (Residential, Commercial, Agricultural, Industrial, Others), By Distribution Channel (Supermarkets and Hypermarkets, Independent Retail Stores, E-Commerce), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030.”

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North America to Register Highest Market Share:

Geographically, in the global Smart Insect Traps/Smart Pest Traps market share, North America has highest market share 35% in 2023. North America is critical to the growth of the Smart Insect Traps/Smart Pest Traps market. Several things can be credited to the region’s great contribution. For starters, North America has a strong and technologically mature market environment, with a high level of consumer awareness and adoption of smart technology. The growing emphasis on sustainability, combined with growing worries about vector-borne diseases, has resulted in an increase in demand for effective and smart pest control solutions. Furthermore, the region’s well-developed infrastructure and widespread acceptance of Internet of Things (IoT) devices aid in the smooth integration of smart insect traps into residential, commercial, and industrial settings.

Smart Insect Traps/Smart Pest Traps Market 2024-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.5%

Market Size in 2030

$1.5 billion

Segments Covered

Pest Type, Technology, Connectivity, Price Range, Application, Distribution Channel and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. DynaTrap
  2. Biogents
  3. Woodstream Corporation (Victor)
  4. Aspectek
  5. Bell Laboratories, Inc.
  6. B&G Equipment Company
  7. Catchmaster
  8. Mosquito Magnet
  9. Safs Organic Enterprises
  10. Cardigo

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Smart Insect Traps/Smart Pest Traps Market Report – Key Takeaways:

Mosquito Trap Sector to Grow the Fastest

As per the Smart Insect Traps/Smart Pest Traps Market forecast, the Mosquito Trap sector is estimated to grow at the fastest CAGR of 7.1% during the forecast period in terms of pest type. Mosquitoes are not just nuisance pests, but also disease vectors, making effective mosquito management a major priority for consumers worldwide. The rising prevalence of mosquito-borne illnesses, along with a growing awareness of the need of mosquito control, has resulted in a surge in demand for sophisticated and efficient solutions, elevating mosquito traps to prominence within the smart pest traps market.

Bluetooth Segment to Register Highest Growth

As per the Smart Insect Traps/Smart Pest Traps Market analysis, the Bluetooth segment is estimated to register the highest market share of 33% in 2023 due to the seamless connectivity and improved user experience. Bluetooth technology has become a vital feature of smart pest traps, providing users with the ease of wireless communication between the traps and the devices to which they are linked. This connectivity enables simple monitoring, management, and data retrieval from the traps, making pest control more user-friendly and efficient. Smart Insect Traps with Bluetooth connectivity provide benefits such as real-time notifications, status updates, and the option to remotely alter settings via dedicated mobile applications.

Increasing Technological Advancements and IoT Integration to Boost the Market Size

The rapid evolution of technology, particularly the integration of the Internet of Things (IoT), is a major driver of the Smart Insect Traps/Smart Pest Traps market. Traditional pest traps have given way to sophisticated devices equipped with sensors, networking choices, and advanced data processing capabilities. These traps can connect, gather, and analyze data thanks to IoT integration, offering users with real-time insights into pest activities.

Smart pest traps provide exceptional ease and efficiency by leveraging IoT. The ability to incorporate smart pest traps into these ecosystems effortlessly positions them as essential components, driving demand and market growth.

High Initial Costs and Affordability Concerns to Hamper Market Growth

The high initial costs associated with these technologically complex devices are a key barrier to broad adoption of smart insect traps. Smart pest traps frequently combine cutting-edge technologies like IoT connectivity, sensors, and data analytics, which increase their effectiveness but also raise their production costs. As a result, the initial expenditure required for consumers to include these traps into their pest control methods might be significant.

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Key Opportunity Analysis:

Growing Concerns About Vector-Borne Diseases

The expanding frequency of vector-borne diseases, combined with growing global health concerns, represents a potential opportunity for the Smart Insect Traps/Smart Pest Traps market. Mosquitoes, in particular, are known disease vectors for Zika, dengue, and malaria. As these health hazards worsen, there is a greater awareness of and demand for efficient mosquito control techniques.

Smart bug traps with advanced sensors, attractants, and real-time monitoring capabilities provide a focused and efficient approach to vector-borne disease control. The opportunity is in selling these smart traps as critical instruments for disease prevention as well as pest management. Collaborations with public health initiatives, educational campaigns, and collaborations with healthcare organizations can assist in positioning smart pest traps as valuable components of larger health and wellness programs, resulting in improved acceptance and market growth.

Focus on Sustainable and Eco-Friendly Solutions

The global trend towards sustainability and ecologically friendly practices represents a significant opportunity for the market for Smart Insect Traps/Smart Pest Traps. Traditional pest management methods frequently rely on chemical pesticides, which raises issues about the environment and human health. Smart pest traps, which are created with sustainability in mind, provide an environmentally beneficial alternative.

Manufacturers can capitalize on this trend by emphasizing the use of non-toxic materials, energy-efficient technology, and biodegradable components in the design of their smart pest traps. Furthermore, the use of natural attractants and biological control approaches corresponds with the growing customer preference for environmentally friendly solutions. By promoting smart pest traps as environmentally responsible options, the market can reach out to a sector of consumers that value sustainability, resulting in increased adoption and market expansion.

Advancements in Sensor Technologies and AI Integration

Continuous improvements in sensor technologies and artificial intelligence (AI) create a significant opportunity for the market of Smart Insect Traps/Smart Pest Traps. Smart pest traps with modern sensors can detect and identify pests precisely, eliminating false positives and increasing total trapping effectiveness. These traps can analyze data trends, adapt to changing pest behavior, and optimize trapping techniques over time thanks to AI integration.

Pushing the frontiers of sensor and AI capabilities to produce more intelligent and adaptive smart pest traps represents an opportunity. Manufacturers can spend on research and development to improve sensor accuracy and sensitivity, allowing traps to detect a broader spectrum of pests. Furthermore, improving AI algorithms for data analysis and decision-making might lead to more successful pest management tactics. As these technologies evolve, the market has the potential to offer increasingly sophisticated and high-performing smart pest traps, enticing consumers looking for cutting-edge pest control solutions.

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The Report also Covers the Following Areas:

Smart Insect Traps/Smart Pest Traps Market Size and Forecast

Smart Insect Traps/Smart Pest Traps Market Trends

Smart Insect Traps/Smart Pest Traps Market Analysis by Deployment Type

Smart Insect Traps/Smart Pest Traps Market 2024-2030: Key Highlights

CAGR of the market during the forecast period 2024-2030

Value Chain analysis of key stake holders

Detailed analysis of market drivers and opportunities during the forecast period

Smart Insect Traps/Smart Pest Traps Market size estimation and forecast

Analysis and predictions on end users’ behavior and upcoming trends

Competitive landscape and Vendor market analysis including offerings, developments, and financials

Comprehensive analysis of challenges and constraints in the Smart Insect Traps/Smart Pest Traps Market

Covid and Ukrainian Crisis Impact:

The COVID-19 pandemic had a wide-ranging impact on the Smart Insect Traps/Smart Pest Traps business. On the one hand, increasing hygiene and cleanliness consciousness during the pandemic increased demand for effective pest management products, potentially driving market growth. With more people staying at home for longer period of time due to lockdowns and remote work trends, household demand for smart pest traps may have increased. However, the epidemic brought with it new issues, like as interruptions in global supply networks, which impacted manufacturing and distribution. Businesses in the commercial and industrial sectors, which are major users of smart pest traps, were subjected to operational limits during lockdowns, which could have hampered the adoption of such devices.

The conflict between Russia and Ukraine had adverse effect on the growth of Smart Insect Traps/Smart Pest Traps market. Geopolitical tensions and wars can reverberate through global markets, affecting supply chains, economic stability, and consumer confidence. Potential implications in the Smart Insect Traps/Smart Pest Traps market include disruptions in the production and delivery of these goods. The war might disrupt raw material supplies, cause industrial delays, and make it difficult to move goods across affected regions.

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List of Key Market Players in Smart Insect Traps/Smart Pest Traps Market:

The key companies profiled in the Smart Insect Traps/Smart Pest Traps Market Report are listed below:

  1. DynaTrap
  2. Biogents
  3. Woodstream Corporation (Victor)
  4. Aspectek
  5. Bell Laboratories, Inc.
  6. B&G Equipment Company
  7. Catchmaster
  8. Mosquito Magnet
  9. Safs Organic Enterprises
  10. Cardigo
  11. Atlantik Networxx
  12. Shieldeck
  13. IndiaMART InterMESH Ltd.
  14. AgriExpo
  15. iBELL

Related Reports:

Fly Traps Market– The global Fly Traps Market size was valued at $ 220.8 million in 2022, and it is expected to reach $373.7 million by 2030, growing at a compound annual growth rate (CAGR) of 6.80% from 2023 to 2030. The market for fly traps and related insect control products has been steadily growing, driven by rising awareness about the importance of pest control and sanitation in both residential and commercial settings.

Insect Pest Control Market– Insect Pest Control Market size is forecast to reach US$22,078.2 million by 2027, after growing at a CAGR of 5.2% during 2022-2027. The market for insect pest control is being driven due to the increasing concern for household hygiene in order to establish healthy living conditions.

Pest Control Services Market– Pest control services market size is forecast to reach US$ 29.6 billion by 2027, after growing at a CAGR of 4.3% during 2022-2027. The rising growth of urbanization in developed as well as developing countries leads to the new construction activities and also the restoration of older buildings, which is driving the pest control services market growth.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

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IndustryARC

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Contact Information:

Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518-282-4727



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