Plant Phenotyping Market is Projected to Reach $268.1 million by 2023

The plant phenotyping market is estimated to be USD 158.2 million in 2018 and is projected to reach USD 268.1 million by 2023, at a CAGR of 11.14%. The market growth is driven by factors such as the growing demand for sustainable crop production using improved crop varieties and significant advancements in imaging sensors.

On the basis of services, measurement acquisition & data analysis are gaining strong demand from research institutions, academia, and few industry players. These services are preferred in the case of field-based phenotyping as the measurement of hundreds of plants is required to be taken.

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The equipment segment accounted for the largest share among all products in 2018. The large share of this segment is due to the high demand from plant breeders for equipment such as conveyor systems and drones that find major application in the assessment of different plant characteristics, morphology, and physiology. Also, manufacturers in the plant phenotyping market offer a wide range of equipment for use in laboratories, greenhouses, and fields.

The plant phenotyping software market is estimated to be dominated by the image analysis segment in 2018. This dominance is attributed to the increased demand for image-based plant phenotyping using automated digital cameras. Additionally, image-based analysis provides high-throughput plant trait data and can be performed within a limited time.

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.

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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 Dec 1st 2021 03:07. Viewed 188 times.

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