Large Paragraph: Plant Phenotyping Involves Accurately Measuring The Physical, Chemical, And Molecular Characteristics Of Plants To Determine Their Genetic Basis. It Helps Agriculturists In Enhancing Crop Yields And Resistance To Biotic And Abiotic Stresses. Analyzing Plant Traits Enables The Selection Of Genetically Superior Plants For Breeding Programs.
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 Key Trends: The Increasing Investments In Developing Drought-Resistant, High-Yield, And Nutrient-Rich Crop Varieties Have Been Driving The Adoption Of Plant Phenotyping Solutions. The Need To Analyze Large Breeding Populations And Improve The Efficiency Of Crop Development Processes Has Led Various Public And Private Organizations To Rely On Plant Phenotyping Systems. Advanced Imaging And Sensing Technologies Incorporated In These Solutions Help Researchers Non-Destructively Screen Thousands Of Plant Traits. This Enables Rapid Identification Of Desirable Characteristics And Accelerates Plant Breeding Programs.
Segment Analysis
The Global Plant Phenotyping Market Is Dominated By The Equipment Segment. This Is Because Plant Phenotyping Equipment Such As Cameras, Sensors, And Analytical Software Are A Prerequisite For High-Throughput Field-Based Phenotyping. The Implementation Of Robotic Devices, Drones, And Imaging Systems Allow Researchers To Evaluate Multiple Genetic Resources And Yield Better Results. Software Solutions Help Generate Actionable Insights By Processing The Massive Volumes Of Multidimensional Data Captured By Sensors And Cameras. This Allows Researchers To Study Plant Biology Non-Invasively And At Multiple Scales.
Key Takeaways
The Global Plant Phenotyping Market Growth Is Expected To Witness High Growth. 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.
The Asia Pacific Region Is The Fastest Growing Market For Plant Phenotyping. This Is Owing To Substantial Investments By Governments And Private Organizations In Agri-Technology Research. Countries Like India, China, And Japan Are Funding New Initiatives To Develop Climate-Resilient Crop Varieties Through High-Throughput Phenotyping.
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.. Collaboration Between Technology Providers And Research Institutions Has Helped Further Innovation. For Instance,Lemnatec Gmbh Provides Plant Phenotyping Platforms To Various Research Centers Worldwide, Including The John Innes Centre In The UK. Phenome Networks, A Canadian Startup, Offers Cloud-Based Software-As-A-Service Solutions For Data Management And Analysis.
For more insights, read- https://www.ukwebwire.com/plant-phenotyping-market-trends-size-and-share-analysis/
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