Market Overview:
Plant phenotyping is a key technique used to study plant traits, phenotypes and identifies desirable characteristics in plants to aid plant breeding and enhance yields. Modern phenotyping techniques such as drone-based imaging, spectral analysis and 3D imaging help researchers and farmers analyze diverse plant groups with high-throughput.
The plant phenotyping market is estimated to be valued at US$ 227.28 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the plant phenotyping market is the rising adoption of drone-based phenotyping. Drones equipped with thermal cameras, multispectral sensors and RGB cameras are used for field-based high-throughput plant phenotyping. Drone phenotyping helps assess diversity, monitor crop growth over time and study plant responses to various environmental factors non-destructively. It also enables analysis of large and remote crop fields at a lower cost compared to traditional ground-based techniques. Drone-captured images are further analyzed using computer vision and machine learning algorithms to extract diverse plant traits including biomass, height, color and stress resistance. This data helps breeders select superior cultivars and optimize agronomic practices.
Segment Analysis
The global plant phenotyping market is segmented by component, product type, imaging system type, application, and end use. The product type segment is further divided into software and hardware. Among these, the hardware segment dominates the global market. Hardware equipment such as plant phenotyping systems delivers reliable high throughput phenotyping data. The growing requirement for automated phenotyping systems for large-scale field trials is fueling the demand for hardware components in the plant phenotyping market.
Key Takeaways
The Global Plant Phenotyping Market Size is expected to witness high growth, exhibiting a CAGR of 11.% over the forecast period, due to increasing automation in farming practices. The market size for plant phenotyping is estimated to reach US$ 227.28 Mn in 2023.
Regional Analysis
Europe dominates the global plant phenotyping market with the highest market share. The large number of ongoing plant phenotyping projects and funding from various governments is fueling market growth in the region. Countries like Germany, France, and the United Kingdom are the major revenue contributors.
Key Players
Key players operating in the plant phenotyping market are BASF SE, Phenospex, WIWAM, Lemnatec Corporation, Plant-DiTech, Hiphen, Delta-T Devices Ltd., Phenomix, Keygene, Qubit Systems, WPS B.V., Photon Systems Instruments, Vienna Biocenter, Heinz Walz Gmbh, CropDesign, and Rothamsted Research. BASF SE leads the market with its comprehensive phenotyping portfolio. Lemnatec Corporation offers innovative plant phenotyping platforms with state-of-the-art imaging and environmental control systems.
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