Growth Opportunities and Latent Adjacency in Plant Phenotyping Market
by Mit K. SEOThe advantages of obtaining accurate qualitative and
quantitative measurements using plant phenotyping technologies are the key
reasons contributing to the growth of this market, globally. Plant phenotyping
technologies are likely to gain traction in agricultural research and plant
breeding programs and prove to be an important tool for agriculture companies,
research organizations, and academic institutions focused on analyzing the
environmental and genetic factors impacting the physical factors in plants. The
plant
phenotyping market is projected to reach USD 268.1 million by 2023, at
a CAGR of 11.14% from 2018.
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Automation and significant advancements in the application
of imaging sensors for high-throughput data collection, growing importance of
sustainable crop production using improved crop varieties, and increasing
expansions and investments in plant phenotyping in developed regions are the
factors expected to play a significant role in the growth of the plant
phenotyping market. However, the lack of technical and conceptual awareness of
the plant phenotyping process serves as a restraint for the growth of the
market.
Target Audience:
The stakeholders for
the report are as follows:
• Plant
phenotyping equipment and conveyor system manufacturers, suppliers, and OEMs
• Plant
phenotyping service providers, technology providers, and lab analytical
instrument manufacturers
• Plant
phenotyping research associations and industry bodies
• Public
and commercial research institutions/agencies/laboratories
• Government
regulatory authorities with respect to agriculture and genetics
• Plant
breeders and seed companies
• Phenomic
centers and biotechnological companies
• Crop
farmer associations and cooperative societies
In terms of services, the statistical analysis segment is
projected to grow at a higher rate from 2018 to 2023. The increasing need for
making sense of the quantitative data acquired in abundance is likely to have a
positive effect on the services market for plant phenotyping. This is due to
the need for the generation of highly reliable data and rising interest of plant
breeders for this service.
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The European region is estimated to account for the largest
share in 2018 due to the strong presence of players such as LemnaTec (Germany),
CropDesign - BASF SE (Germany), Heinz Walz (Germany), KeyGene (Netherlands),
and Rothamsted Research (UK), which provide quality services to meet the
research requirements of plant breeders. Moreover, increasing collaborations
among companies and research institutions in the form of plant phenotyping
initiatives, programs, networks, and consortiums have helped the region to
remain competitive in the plant phenotyping market.
This report includes a study of marketing and development
strategies, along with the product portfolios of leading companies. It also
includes the profiles of key companies such as LemnaTec (Germany), Delta-T
Devices (UK), CropDesign - BASF SE (Germany), Heinz Walz (Germany), Phenospex
(Netherlands), WPS (Netherlands), Photon Systems Instruments (Czech Republic),
Qubit Systems (Canada), KeyGene (Netherlands), Rothamsted Research (UK), The
Vienna Biocenter Core Facilities (Austria), and Phenomix (France).
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Created on Jan 19th 2021 04:52. Viewed 242 times.