Plant phenotyping encompasses the high-throughput observation and measurement of morphological, physiological and biochemical traits of plants and plant communities in response to genetic, developmental and environmental factors. Plant phenotyping provides breeders and researchers a platform to accurately analyze phenotypes of large populations and help in variety improvement programs. Most prominent plant phenotyping technologies include imaging systems, canopies analysis systems, and software suites integrated with sensors, robotics and computer vision algorithms. Such advanced phenotyping tools aid in plant improvement by detecting plant stresses and diseases at an early stage, measuring yield performance, understanding genetic architecture and evaluating genotype-environment interactions. The global plant phenotyping market is expected to exhibit significant growth over the forecast period owing to increasing funding in plant research and focus on developing stress-resilient, high-yielding crop varieties.
The global Plant Phenotyping Market is estimated to be valued at US$ 261.83 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Non-destructive imaging is one of the key trends being observed in the plant phenotyping market. Imaging systems like hyperspectral, multispectral, thermal and RGB cameras enable capturing phenotypes without disturbing plant growth or development. Such imaging techniques provide longitudinal data on plant development without interfering in biological process. They help analyze morphological traits, disease infections and abiotic stresses over time in a high-throughput manner. Advancements in imaging sensors, robotics and image processing software are enhancing capabilities of non-destructive plant phenotyping. Their adoption is expected to significantly accelerate in coming years.
Threat of new entrants: low, as it requires heavy R&D investments as well as strong distribution networks.
Bargaining power of buyers: moderate, as plant phenotyping technologies have become more advanced and accurate recently attracting more buyers.
Bargaining power of suppliers: moderate to high as key suppliers have strong distribution networks and proprietary technologies.
Threat of new substitutes: low, as there are limited direct substitutes for plant phenotyping technologies used across various applications.
Competitive rivalry: high, as the market is consolidated with top players competing on the basis of technology, innovation, and service.
The Global Plant Phenotyping Market Size is expected to witness high growth over the forecast period. The global Plant Phenotyping Market is estimated to be valued at US$ 261.83 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2024 to 2031.
North America dominates the market currently due to high R&D investments by government as well as private players in the region. The Europe market is also growing at a faster pace owing to increasing application of plant phenotyping in crop cultivation. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to rising population driving a higher demand for food production using new techniques.
Key players: Key players operating in the plant phenotyping market include BIOTRONIK SE & Co.KG, Medtronic plc., Boston Scientific Corporation, Abbott Laboratories, LivaNova plc., Osypka Medical GmbH, and MEDICO S.p.A. These players are focusing on new product development and innovation to remain competitive in the market.