Report : Asia Pacific Smart Animal Trap Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Component (Hardware, Software, and Services), Hardware (Sensors, Cameras, and Others), and Application (Residential and Commercial)
At 7.6% CAGR, the APAC Smart Animal Trap Market is speculated to be worth US$ 124.61 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the APAC smart animal trap market was valued at US$ 80.28 million in 2022 and is expected to reach US$ 124.61 million by 2028, registering an annual growth rate of 7.6% from 2022 to 2028. Need for human life protection and high-quality crops and integration of advanced connectivity and computing technologies are the critical factors attributed to the market expansion.
Animal attacks in agricultural residential areas, which have become common in many areas, result in the death of locals and destruction of crops. The paddy fields and crops cannot be fenced constantly. Therefore, there is a real chance that cows and goats will devour crops, which may lead to significant crop loss. Villagers are left defenseless against their fate due to a lack of adequate protection measures. Therefore, a good detection system could effectively save crops and human lives. Traditionally Fences, noisemakers, and other deterrent types are deployed to keep wild animals away and protect human lives as well as protect crops. The animal controls and deterrents are applied when animal presence is discovered in the vicinity based on farmer’s observations. Further, animals might develop tolerance to the noise with time, which hampers their effectiveness and hence failing to protect crops on the farms and human lives too. Fencing can be a more effective deterrent for bigger farms due to the limited feasibility of noisemakers. Modest sections of fencing may steer animals away from high-value or delicate crops, but they might be an effective in all the regions of farms as some wild animals might break it by their strength. This problem presents an opportunity for smart animal trap providers, which are effective on all types of wild animals under all climatic conditions. Thus, old methods can be used to prevent wildlife from entering agriculture fields, but they are not effective on all wildlife animals and are also limited to certain field setups, which underlines the demand and benefits of smart animal traps.
On the contrary, high deployment costs hurdles the growth of APAC smart animal trap market.
Based on hardware, the APAC smart animal trap market is segmented into sensors, cameras, and others. The cameras segment held 47.0% market share in 2022, amassing US$ 22.25 million. It is projected to garner US$ 32.08 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on application, the APAC smart animal trap market is segmented into residential and commercial. The commercial segment held 68.8% market share in 2022, amassing US$ 55.22 million. It is projected to garner US$ 87.43 million by 2028 to expand at 8.0% CAGR during 2022–2028.
Based on component, the APAC smart animal trap market is segmented into hardware, software, and services. The hardware segment held 59.0% market share in 2022, amassing US$ 47.38 million. It is projected to garner US$ 69.98 million by 2028 to expand at 6.7% CAGR during 2022–2028.
Based on country, the APAC smart animal trap market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 33.2% market share in 2022. It was assessed at US$ 26.62 million in 2022 and is likely to hit US$ 45.05 million by 2028, exhibiting a CAGR of 9.2% during the forecast period.
Key players dominating the APAC smart animal trap market are Encounter Solutions Ltd.; Econode Ltd.; PestSense Pty Ltd Animal Trap Solutions; and Fallenmelder TRAPMASTER among others.
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