Plant phenotyping is the measurement of physical, physiological, biochemical, and anatomical characteristics of plants to capture the structure, composition and function of plants to uncover how genotype interacts with environmental factors. Plant phenotyping technology provides a holistic assessment of plant growth and development under different environmental conditions. Advances in genotype sequencing technologies offer new insights and opportunities in plant genetics and breeding programs. High-resolution and high-throughput plant phenotyping combined with genomic analysis helps researchers and scientists to better understand the genetic basis of plant growth, morphology, development and performance.
The global plant phenotyping market is estimated to be valued at US$ 261.83 Mn in 2023 and is expected to exhibit a CAGR of 2.4% over the forecast period from 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Advancement in Genome Sequencing Technologies: Rapid advancement in genome sequencing technologies is driving the demand for plant phenotyping. New genome sequencing capabilities provide a deeper understanding of genetic factors affecting plant traits. Integration of phenomics with genomics helps link genotype to phenotype and accelerate plant breeding programs.
Driver Referred from Heading: Advancement in genome sequencing technologies offers new opportunities to leverage phenotyping data for precision breeding. High-resolution phenotyping combined with genomics analysis enhances understanding of gene functions and accelerates crop improvement through marker-assisted selection. This is expected to augment the growth of global plant phenotyping market over the forecast period.
Segment Analysis
The global plant phenotyping market is dominated by the equipment segment which accounts for nearly 65% share of the overall market. Various equipment such as imaging systems, software and sensors are used for capturing images and analysing complex plant traits. The demand for sophisticated imaging systems with advanced features such as hyperspectral and 3D imaging is growing as it allows detailed visualization and analysis of plant growth over time.
Pest Analysis
Political: Governments across major countries are investing heavily in developing innovative agriculture technologies to boost farm yield and ensure food security. This is positively impacting the adoption of plant phenotyping solutions.
Economic: Rising crop losses due to changing climate conditions is driving the need for stress-tolerant crops. Plant phenotyping aids in rapid variety selection and helps breed high-yielding, pest-resistant crop varieties which favor market growth.
Social: Growing global population is exerting pressure on limited arable land and food supplies. Plant phenotyping can help address these issues by accelerating plant breeding programs.
Technological: Integration of robotics, AI and machine learning capabilities in plant phenotyping platforms is enhancing data collection, management and analysis. This is supporting precision agriculture and boosting market revenues.
Key Takeaways
The Global Plant Phenotyping Market Size is estimated to be valued at US$ 261.83 Mn in 2023 and is expected to exhibit a CAGR of 2.4% over the forecast period from 2024 to 2031.
Regional analysis:
The Asia Pacific region dominates the global plant phenotyping market and is projected to grow at a CAGR of around 3% during the forecast period. This can be attributed to rising government support for advanced farming technologies, growing GDPs of major Asian countries and increasing private sector investments in agriculture. Key players operating in this region include LemnaTec GmbH and WIWAM.
Key players:
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 captured over 60% of the market share in 2024 owing to their wide product portfolio and global footprint.
