The global plant phenotyping market is set for significant growth, with an estimated valuation of around USD 175.9 million expected by 2023. This growth is largely driven by proactive government support and initiatives, leading to a projected Compound Annual Growth Rate (CAGR) of 11.0% from 2023 to 2033. By 2033, the market is anticipated to reach approximately USD 497.4 million.
A major factor fueling the expansion of the plant phenotyping market is the collaborative synergy between industry players, research institutions, and technology providers. These partnerships serve as catalysts for developing integrated phenotyping solutions that combine hardware, software, and analytical capabilities.
Innovative and user-friendly phenotyping platforms are emerging through collaborations among technology firms, equipment manufacturers, and research institutions. These joint efforts not only accelerate the adoption of plant phenotyping technologies but also lead to the creation of customized solutions tailored to the specific needs of various crops and agricultural systems.
Plant phenotyping plays a crucial role in breeding programs by enabling the identification and selection of desirable plant traits for crop improvement. Combining phenotypic data with genomics and molecular breeding techniques allows for the development of superior crop varieties with increased yield, disease resistance, and improved quality. These technologies streamline the screening of large plant populations and expedite the breeding cycle, reducing the time and costs associated with phenotyping.
The rising demand for high-throughput phenotyping is expected to significantly impact market growth. This approach enables the rapid analysis of extensive plant populations, providing valuable insights into genetic variation, trait inheritance, and plant-environment interactions. Researchers and breeders are increasingly seeking efficient methods for collecting phenotypic data, driving demand for high-throughput phenotyping solutions. The integration of advanced automation, robotics, and imaging systems is further facilitating this market expansion.
Additionally, the growing focus on enhancing plant stress tolerance and resilience is contributing to market growth. Climate change, environmental pressures, and evolving agricultural practices have increased the need for plants that can withstand stress. Plant phenotyping is essential for identifying stress factors, understanding plant responses, and developing stress-tolerant varieties. Accurate measurement of traits related to stress, such as drought tolerance, heat resistance, and nutrient efficiency, significantly supports the adoption of phenotyping technologies.
The integration of phenotypic data with genomics, molecular breeding, and marker-assisted selection is enhancing the use of plant phenotyping in breeding programs. This data provides critical insights into the relationship between genotype and phenotype, allowing breeders to identify genetic markers linked to desirable traits. The combination of phenotyping and genomics streamlines precision breeding, accelerating the development of improved crop varieties with targeted characteristics.
Key Takeaways:
- Global plant phenotyping market was valued at USD 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 USD 497.4 million.
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.
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
Report Preview: https://www.futuremarketinsights.com/reports/plant-phenotyping-market
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