Plant Phenotyping Market Industry Analysis & Forecast to 2023

The plant phenotyping market is estimated to be USD 158.2 million in 2018 and is projected to reach USD 268.1 million by 2023, at a CAGR of 11.14%.

The global market is mainly driven by the growing importance of sustainable crop production among farmers by using improved crop varieties. These improved crop varieties can be achieved through phenotype- and genome-based breeding where phenotyping-based data is essential to identify the desired traits for effective plant breeding.

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The plant phenotyping market is at its nascent stage, implemented only by some players; however, the ongoing research projects on identifying high-yielding varieties without the support of genetically modified (GM) technology can lead to strong market development in the coming years. This growth in the number of research projects can be attributed to the rising demand for novel traits to support and accelerate progress in plant breeding.

The equipment segment accounted for the largest share among all products in 2018. The large share of this segment is due to the high demand from plant breeders for equipment such as conveyor systems and drones that find major application in the assessment of different plant characteristics, morphology, and physiology. Also, manufacturers in the plant phenotyping market offer a wide range of equipment for use in laboratories, greenhouses, and fields.

The plant phenotyping software market is estimated to be dominated by the image analysis segment in 2018. This dominance is attributed to the increased demand for image-based plant phenotyping using automated digital cameras. Additionally, image-based analysis provides high-throughput plant trait data and can be performed within a limited time.

In this report, the plant phenotyping sensors market has been segmented into image sensors, NDVI sensors, temperature sensors, and other sensors, which include humidity and ultrasonic distance sensors. Image sensors are estimated to account for the largest share in 2018. This dominance can be attributed to the high demand for these sensors to be integrated into plant phenotyping systems for remote analysis in research fields.

On the basis of services, measurement acquisition & data analysis are gaining strong demand from research institutions, academia, and few industry players. These services are preferred in the case of field-based phenotyping as the measurement of hundreds of plants is required to be taken.

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Europe accounted for the largest share of the plant phenotyping market in 2017; followed by North America and Asia Pacific. High emphasis on the funding of plant phenotyping experiments from governments and other organizations in Europe and North America has played a vital role in the growth of the market in these regions. Additionally, key players in the global market are located in the European region, which makes it the dominant market with effective phenotyping research and services over other regions.

The global market for plant phenotyping is dominated by key players such as LemnaTec (Germany), CropDesign - BASF SE (Germany), Heinz Walz (Germany), Photon Systems Instruments (Czech Republic), Qubit Systems (Canada), and KeyGene (Netherlands). Some other key players in the market are Delta-T Devices (UK), Phenospex (Netherlands), WPS (Netherlands), Rothamsted Research (UK), The Vienna Biocenter Core Facilities (Austria), and Phenomix (France).

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