The Plant Phenotyping Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Plant Phenotyping market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Plant Phenotyping. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The global Plant Phenotyping Market is poised to experience significant growth, with an estimated valuation of approximately US$ 175.9 million expected by 2023. This anticipated advancement is primarily attributed to proactive support and initiatives from various government bodies, fostering a projected Compound Annual Growth Rate (CAGR) of 11.0% from 2023 to 2033. By 2033, the market is projected to reach a substantial total valuation of around US$ 497.4 million.
A key driver behind the expansion of the plant phenotyping market is the collaborative synergy and strategic partnerships forged among industry players, research institutions, and technology providers. These collaborative alliances within the industry serve as catalysts for the development of integrated phenotyping solutions, effectively integrating hardware, software, and analytical capabilities.
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Collaborative efforts among technology firms, equipment manufacturers, and research institutions have led to the emergence of innovative and user-friendly phenotyping platforms. These collaborations not only expedite the widespread adoption of plant phenotyping technologies but also foster the creation of tailored solutions to meet the specific requirements of different crops and agricultural systems.
Plant phenotyping plays a crucial role in breeding programs by enabling the identification and selection of desirable plant characteristics for crop improvement. Integrating phenotypic data with genomics and molecular breeding techniques facilitates the development of superior crop varieties with increased yield, disease resistance, and enhanced quality attributes. This streamlining of large-scale screening and acceleration of the breeding cycle ultimately reduces the time and costs associated with phenotyping.
The growing demand for high-throughput phenotyping is expected to significantly impact market growth. High-throughput phenotyping allows for the rapid and simultaneous analysis of extensive plant populations, providing valuable insights into genetic variation, trait inheritance, and plant-environment interactions. Researchers and breeders are increasingly seeking efficient and scalable methods for collecting phenotypic data, driving the demand for high-throughput phenotyping solutions. The integration of advanced automation technologies, robotics, and imaging systems is facilitating high-throughput phenotyping, further driving market expansion.
Additionally, the increasing focus on enhancing plant stress tolerance and resilience is contributing to market growth. Factors such as climate change, environmental pressures, and evolving agricultural practices have underscored the need for plants with improved stress tolerance and resilience. Plant phenotyping plays a critical role in identifying stress factors, understanding plant responses, and developing stress-tolerant varieties. Precise measurement and quantification of stress-related traits, such as drought tolerance, heat tolerance, disease resistance, and nutrient efficiency, significantly contribute to the adoption of plant phenotyping technologies.
The integration of phenotypic data with genomics, molecular breeding, and marker-assisted selection is driving the adoption of plant phenotyping in breeding programs. Phenotypic data provides valuable insights into the genotype-phenotype relationship, empowering breeders to identify genetic markers associated with desired traits. This integration of phenotyping and genomics facilitates precision breeding, accelerating the development of improved crop varieties with targeted traits.
Key Takeaways:
- Global plant phenotyping market was valued at US$ 156.5 million by 2022 to end.
- plant phenotyping Market From 2018 to 2022, the market demand expanded at a CAGR of 6.1%.
- North America is expected to hold a dominant CAGR of 10.9% during the forecast period.
- By Equipment, the imaging systems segment is expected to constitute a CAGR of 10.8% in 2033.
- On the basis of Software, data management & integration software segment is expected to dominate the market with a CAGR of 10.7% in 2033.
- From 2023 to 2033, plant phenotyping market is expected to flourish at a CAGR of 11.0%.
- By 2033, the market value of plant phenotyping is expected to reach US$ 497.4 million.
Adoption of Internet of Things (IoT) and sensor technologies, across the globe is a major factor that is expected to propel the growth of the plant phenotyping market in the near future, remarks an FMI analyst.
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Competitive Landscape:
Prominent players in the plant phenotyping market are are LemnaTec GmbH, Qubit Systems Inc., Phenospex B.V., Keygene N.V., Rothamsted Research, CropDesign (a BASF company), Lemnatec Corp., Phenomix AG, PSI – Plant Phenotyping and Imaging Research Centre, and Heinz Walz GmbH, among others.
Recent Developments:
- In 2022, Heinz Walz launched the Heinz Walz PHENOTEC 3D. The PHENOTEC 3D is a 3D phenotyping system that can be used to measure plant traits such as height, width, and leaf area.
- In the same year, LemnaTec launched the LemnaTec Delta-T FieldSpec® X4 portable phenotyping system. The system is an upgraded version of the Delta-T FieldSpec® X3 system and includes new features such as a higher-resolution camera and a wider range of sensors.
- In 2022, Phenomix partnered with the University of California, Davis to develop new phenotyping technologies for the wine industry. The partnership will focus on developing technologies that can be used to improve the quality of wine grapes.
- Rothamsted Research launched the Rothamsted Research Phenotyping Platform in 2022. The platform is a hardware and software solution that helps researchers to collect, manage, and analyze plant phenotyping data.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global plant phenotyping market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the plant phenotyping market, the market is segmented on the basis of equipment (growth chambers/phytotrons, imaging systems, robotics and automation, and phenomobiles), by software (imaging analysis software, data management & integration software, and statistical analysis and modeling software), by sensors (environmental sensors, physiological sensors, and spectral sensors), across seven major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).
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Key Segments Profiled:
By Equipment:
- Growth Chambers/Phytotrons
- Imaging Systems
- Robotics and Automation
- Phenomobiles
By Software:
- Imaging Analysis Software
- Data Management & Integration Software
- Statistical Analysis and Modeling Software
By Sensors:
- Environmental Sensors
- Physiological Sensors
- Spectral Sensors
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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