Europe 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)

Europe 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)

The Europe smart animal trap market is expected to grow from US$ 100.67 million in 2022 to US$ 165.17 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2022 to 2028.
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 loss of animals and human lives by wildlife, as well as the destruction of crops, 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.
Vendors in the smart animal trap market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the Europe smart animal trap market at a good CAGR during the forecast period.
Europe Smart Animal Trap Market Revenue and Forecast to 2028 (US$ Million)

Europe Smart Animal Trap Market Segmentation

The Europe smart animal trap market is segmented on the basis of hardware, application, component, and country. Based on hardware, the market is segmented into sensors, cameras, and others. The cameras segment dominated the market in 2022, and the sensors segment is expected to register the highest CAGR during forecast period. By application, the market is bifurcated into residential and commercial. The commercial segment dominated the market in 2022 and is expected to register a higher CAGR during the forecast period. In terms of component, the Europe smart animal trap market is segmented into hardware, software, and services. The hardware segment dominated the market in 2022, and the software segment is expected to register the highest CAGR during the forecast period. From country point of reference, the Europe smart animal trap market is segmented into Germany, France, Italy, Russia, UK, and Rest of Europe.
Alert House ApS, BOARMASTER, CatchAlive ApS, Fallenmelder TRAPMASTER, TFK Handels GmbH (Reviermanager), uWatch Ltd., and WildMelder.de are among the leading companies operating in the Europe smart animal trap market.

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