July 19, 2024
Plant Phenotyping Market

The Plant Phenotyping Market Is Expected To Be Flourished By The Adoption Of Advanced Technologies

Plant Phenotyping Involves The Study And Analysis Of Observable Physical And Biochemical Characteristics Of Plants, Which Enables Measuring Several Plant Traits. It Helps Analyze Traits Related To Plant Performance And Composition Under Different Environmental Conditions. Modern Phenotyping Uses Advanced Technologies Like Sensors, Cameras, And Spectroscopy Techniques For High-Throughput Field-Based Or Greenhouse Plant Phenotyping. Traits Such As Plant Height, Leaf Area, Root Structure, Drought Tolerance, Seed Weight, And Biomass Are Assessed. Researchers Use Plant Phenotyping To Develop Superior Cultivars With Better Biotic And Abiotic Stress Tolerance.

The Global Plant Phenotyping Market Is Estimated To Be Valued At US$ 227.28 Mn In 2023 And Is Expected To Exhibit A CAGR Of 2.4% Over The Forecast Period 2023 To 2030, As Highlighted In A New Report Published By Coherent Market Insights.

Market Dynamics:

Adoption Of Advanced Technologies Like Sensors, Imaging Systems, And Phenotyping Software Is Expected To Drive The Growth Of The Plant Phenotyping Market Over The Forecast Period. Modern Technologies Facilitate High-Throughput Quantitative Measurement Of Multiple Plant Traits And Enable Analyzing A Large Number Of Plants In Parallel Under Different Environments. This Helps Gain Deeper Insights Into Plant Performance For Developing Superior Cultivars. Additionally, Increasing R&D Funding For Crop Improvement Projects By Government Organizations Also Supports The Adoption Of Modern Plant Phenotyping Methods. For Instance, The U.S. National Science Foundation Invested $55 Million For Establishing Six National Plant Phenotyping Centers For Development And Application Of Novel Technologies To Enhance Plant Research Capabilities.

Segment Analysis

The Plant Phenotyping Market Is Segmented Into Equipment, Software, And Sensors. Among These, The Equipment Segment Dominates The Market And Accounts For Over 50% Share Of The Total Market. This Is Because Equipment Such As Phenotyping Platforms Are Essential Components In Plant Phenotyping Processes. They Help Analyze Various Morphological And Physiological Traits Of Plants Under Natural Or Controlled Conditions. Key Equipment Used In Plant Phenotyping Include Cameras, Sensors, Environmental Control Systems, And Image Analysis Software.

PEST Analysis

Political: Governments Of Various Countries Are Supporting Initiatives Toward Plant Phenotyping Research Through Funding. This Is Being Done To Enhance Agriculture Production And Address Food Security Challenges.
Economic: Rising Crop Yield Expectations From Farmers And Growing Requirement Of Evaluating New Plant Varieties Fast Are Driving Investments In Plant Phenotyping. It Helps Reduce Various Costs Associated With Conventional Breeding Techniques.
Social: With Growing World Population, Demand For Food Is Rising Rapidly. This Is Increasing Focus On Boosting Agriculture Productivity Through Advanced Tools For Developing High-Yielding Crop Variants. Plant Phenotyping Aids In Expediting Crop Breeding Programs.
Technological: Introduction Of Technologies Like Imaging, Robotics, Sensors And Advanced Image Analysis Software Is Boosting Plant Phenotyping Capabilities. It Allows Analyzing Huge Number Of Plant Traits Non-Destructively And Under Differing Environment Conditions.

Key Takeaways

The Global Plant Phenotyping Market Growth Is Expected To Witness High Growth Over The Forecast Period Driven By Various Factors. The Global Plant Phenotyping Market Is Estimated To Be Valued At US$ 227.28 Mn In 2023 And Is Expected To Exhibit A CAGR Of 2.4% Over The Forecast Period 2023 To 2030.

Regional Analysis Comprises: North America Dominates Currently Due To Significant Research Activities In The Fields Of Plant Biology And Plant Breeding In Countries Like The US And Canada. Asia Pacific Is Expected To Grow At Fastest Pace Due To Rising Government Focus On Boosting Agriculture Production In Countries Such As India And China.

Key Players Related Content Comprises: Key Players Operating In The Plant Phenotyping Market Are BIOTRONIK SE & Co.KG, Medtronic Plc., Boston Scientific Corporation, Abbott Laboratories, Livanova Plc., Osypka Medical Gmbh, And MEDICO S.P.A. Rising Investments By These Companies In Development Of Advanced Plant Phenotyping Solutions Will Further Help Drive The Overall Market Growth Over The Coming Years.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it