Report : North America 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 6.5% CAGR, the North America Smart Animal Trap Market is speculated to be worth US$ 174.10 million by 2028, says The Insight Partne   

According to Business Market Insights’ research, the North America smart animal trap market was valued at US$ 119.44 million in 2022 and is expected to reach US$ 174.10 million by 2028, registering an annual growth rate of 6.5% from 2022 to 2028.  Rise in human-wildlife conflicts and rapid increase in population of several wildlife species are the critical factors attributed to the market expansion.                

Humans and wildlife conflicts (HWCs) occur when their respective requirements and behaviors clash, as humans and wildlife coexist in shared ecosystems and utilize common resources. The HWCs have been occurring in the form of livestock and crop destruction, and property damage. HWCs have increased as a result of changes in land usage, encroachment, fragmentation, habitat loss, and habitat restoration efforts (undertaken to meet the surging needs of the expanding human population). The cases of HWC rises with human settlements close to protected areas and higher wildlife population densities within the area. The destruction of crops, and the loss of animals and human lives by wildlife illustrates the social and economic costs that impact livelihoods and trigger poverty, which may ultimately prompt people to take appropriate conservation measures. HWCs also worsen the psychological well-being, health, livelihoods, and food security of households; these effects can be classified as direct costs, indirect costs, or opportunity costs. The consequences of HWCs are more intense in economies where agriculture and animal farming play a significant role in generating income. Nevertheless, HWCs are unavoidable because agriculture farming is a crucial component of community subsistence. Therefore, it is necessary to address the concerns of farmers by creating and implementing various conflict management methods. As a result, wildlife managers, researchers, and policymakers must collaborate to develop an effective conservation management approach utilizing smart animal traps, which satisfies both wildlife conservation needs and community demands. These factors boost the demand for smart animal traps, thereby driving the market growth.

On the contrary, high deployment costs hurdles the growth of North America smart animal trap market.    

  • Based on hardware, the North America smart animal trap market is segmented into sensors, cameras, and others. The cameras segment held 43.7% market share in 2022, amassing US$ 29.98 million. It is projected to garner US$ 40.21 million by 2028 to expand at 5.0% CAGR during 2022–2028.  
  • Based on application, the North America smart animal trap market is segmented into residential and commercial. The commercial segment held 66.0% market share in 2022, amassing US$ 78.78 million. It is projected to garner US$ 117.71 million by 2028 to expand at 6.9% CAGR during 2022–2028.
  • Based on component, the North America smart animal trap market is segmented into hardware, software, and services. The hardware segment held 57.5% market share in 2022, amassing US$ 68.64 million. It is projected to garner US$ 93.60 million by 2028 to expand at 5.3% CAGR during 2022–2028.
  • Based on country, the North America smart animal trap market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.1% market share in 2022. It was assessed at US$ 87.27 million in 2022 and is likely to hit US$ 130.46 million by 2028, exhibiting a CAGR of 6.9% during the forecast period.    

Key players dominating the North America smart animal trap market are Fallenmelder TRAPMASTER; Skyhawk; TrapSmart tm LLP.; Triotos; and Wildlife Dominion Management LLC. (HogEye) among others.  

  • In 2022, Skyhawk is going to participate in GPCA Summer conference at The Cloister at Sea Island, GA from July 11, 2022 to July 14, 2022.
  • In 2022, Skyhawk participated in Texas Pest Control Expo, held in Fort Worth Convention Center, Texas from June 21, 2022 to June 23, 2022.

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