Plant phenotyping refers to the measurement of the physical, chemical, and physiological properties of plants. Plant phenotyping equipment helps to analyze plant performance and monitor traits that are important in agriculture. These include plant height, leaf color and shape, drought and disease tolerance levels, and crop vigor. Plant phenotyping tools facilitate selection of ideal plant varieties by analyzing multiple traits. The global plant phenotyping market is estimated to be valued at US$ 227.28 million 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 key trends:
The growing adoption of advanced technologies such as sensors, imaging techniques, and robotics to collect plant phenotype data is a major trend fueling the growth of the plant phenotyping market. For instance, technologies such as hyperspectral and thermal imaging allow analysis of plant traits without harming the plant. Imaging tools facilitate non-destructive, high-throughput, and non-invasive phenotyping. Further, automated robotics technologies enable researchers to analyze large quantities of plant genotype data and select ideal varieties suitable for climate change. The integration of plant phenotyping solutions with artificial intelligence (AI) and data analytics is also gaining traction. AI aids in efficient analysis of the vast phenotype data collected and identification of correlation between genotype and phenotype. This helps in faster plant variety selection matched to specific agricultural needs and environments.
Segment Analysis
The global plant phenotyping market size is segmented by product into hardware, software, and services. The hardware segment holds the largest market share as it forms the core of plant phenotyping systems and equipment. Components such as sensors, camera systems, and other field equipment account for a majority of expenditure. This segment is expected to remain dominant over the forecast period owing to frequent upgradation and additional requirements of new hardware components by research organizations.
Key Takeaways
The global plant phenotyping market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis shows that Europe currently dominates the global market due to strong government support for agricultural research. The Asia Pacific region is expected to be the fastest growing market led by countries such as China and India.
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. BIOTRONIK and Medtronic currently have the largest market share due to their extensive product portfolio and global sales network. Other prominent players are focused on new product launches and collaboration with research institutes to penetrate regional markets.
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