The plant phenotyping market was valued at US$181.573 million in 2018 and is projected to expand at a CAGR of 9.71% over the forecast period to reach US$316.612 million by 2024. Plant Phenotyping refers to the quantitative description of the plant’s physiological properties. The rising focus on sustainable crop production is expected to be a key factor driving the market for plant phenotyping. Further, rising adoption of automation techniques for plant growth is anticipated to fuel the market for plant phenotyping in the near future. However, lack of awareness and insufficiency of professionals to operate these systems along with high costs associated with plant phenotyping is expected to hamper the market from growing to its full potential. But, rising technological advancements coupled with increased research and development activities for sustainable and efficient crop production techniques is projected to widen up the growth opportunities for plant phenotyping market in the coming years. The market has been segmented by component, end use and geography. In the component segment, hardware is expected to hold a significant market share on account of the rising demand for drones and other systems for assessment of plants characteristics. Geographically, North America is projected to hold a substantial share in the market on account of early adoption of new technology. Europe and Asia Pacific are expected to grow at significant rate on account of presence of major players and rising government support in the form of subsidiaries respectively.
DRIVERS
Rising adoption of automation in agricultural sector.
Growing awareness regarding substantial crop production.
RESTRAINTS
Lack of awareness.
High cost of phenotyping systems.
The major players profiled in the plant phenotyping market include Phenospex, Delta-T Devices Ltd., Keygene, Heinz Walz Gmbh, Qubit Systems,
Lemnatec Corporation, Vienna Biocenter, WIWAM, Photon Systems Instruments, Phenomix, and WPS B.V.
Plant Phenotyping Market Scope:
Report Metric |
Details |
Market size value in 2018 |
US$181.573 million |
Market size value in 2024 |
US$316.612 million |
Growth Rate |
CAGR of 9.71% from 2018 to 2024 |
Base year |
2018 |
Forecast period |
2019–2024 |
Forecast Unit (Value) |
USD Million |
Segments covered |
Component, End-Use, And Geography |
Regions covered |
North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered |
Phenospex, Delta-T Devices Ltd., Keygene, Heinz Walz GmbH, Qubit Systems, Lemnatec Corporation, Vienna Biocenter, WIWAM, Photon Systems Instruments, Phenomix |
Customization scope |
Free report customization with purchase |
Segmentation
The Plant Phenotyping market has been analyzed through the following segments:
By Component
Hardware
Sensors
Imaging devices
LED
Others
Software
By End Use
Greenhouses
Laboratory
Field
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What is the size of global plant phenotyping market?
A1. Plant Phenotyping market was valued at US$181.573 million in 2018.
Q2. What will be the plant phenotyping market size by 2024?
A2. The plant phenotyping market is projected to reach a total market size of US$316.612 million by 2024.
Q3. What are the growth prospects for plant phenotyping market?
A3. The plant phenotyping market is projected to expand at a CAGR of 9.71% over the forecast period.
Q4. What factors are anticipated to drive the plant phenotyping market growth?
A4. The rising focus on sustainable crop production is expected to be a key factor driving the market for plant phenotyping.
Q5. Which region holds the largest market share in the plant phenotyping market?
A5. North America is projected to hold a substantial share in the market on account of the early adoption of new technology.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PLANT PHENOTYPING MARKET BY COMPONENT
5.1. Hardware
5.1.1. Sensors
5.1.2. Imaging devices
5.1.3. LED
5.1.4. Others
5.2. Software
6. PLANT PHENOTYPING MARKET BY END USE
6.1. Greenhouses
6.2. Laboratory
6.3. Field
7. PLANT PHENOTYPING MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Phenospex
9.2. Keygene
9.3. Heinz Walz Gmbh
9.4. Qubit Systems
9.5. Lemnatec Corporation
9.6. Vienna Biocenter
9.7. WIWAM
9.8. Photon Systems Instruments
9.9. Phenomix
LIST OF FIGURES
LIST OF TABLES
Phenospex
Delta-T Devices Ltd.
Keygene
Heinz Walz GmbH
Qubit Systems
Lemnatec Corporation
Vienna Biocenter
WIWAM
Photon Systems Instruments
Phenomix