by Plant phenotyping technologies enable researchers to precisely characterize critical plant traits like morphology, yield potential, stress tolerance, and disease resistance with minimal impact on phenotype expression. Plant phenotyping tools capture high-resolution images and multispectral data of the entire plant throughout its lifecycle to accurately measure traits like plant height, leaf area, biomass, and photosynthetic activity. This comprehensive phenotypic data helps researchers develop new plant varieties with improved stress tolerance, higher nutritional value, and greater yields. Furthermore, plant phenotyping technologies enable high-throughput screening of plant varieties in contained environments or fields for rapid plant breeding.
The global Plant Phenotyping Market is estimated to be valued at US$ 227.28 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the plant phenotyping market is the rising adoption of field-based high-throughput phenotyping (HTPP). Field-based HTPP allows researchers to phenotype plants under natural environmental conditions and soil types. Various field-based HTPP platforms use aerial sensors like drones, aircraft, and towers equipped with RGB, multispectral, thermal cameras, and hyperspectral sensors to capture dynamic plant trait data at different growth stages. This field-level phenotypic data helps develop stress-tolerant varieties suited for diverse agro-climatic zones. Another key trend is the increasing integration of artificial intelligence and machine learning algorithms with plant phenotyping tools. AI-powered phenotyping tools can automatically detect and quantify complex plant traits from massive image and spectral datasets with high accuracy and reproducibility. This facilitates high-throughput screening of thousands of plant varieties in a short time to accelerate the plant breeding process.
Porter’s Analysis
Threat of new entrants: Low. High capital requirements to enter this market and presence of large established players make it difficult for new players to enter.
Bargaining power of buyers: Moderate. Large buyers such as government research institutes have higher bargaining power due to the demand they generate.
Bargaining power of suppliers: Moderate. Suppliers of key instruments and technologies have some bargaining power due to differentiated products they offer.
Threat of new substitutes: Low. No direct substitute to plant phenotyping exists currently.
Competitive rivalry: High. The presence of many global and regional players results in high competition in the market.
Key Takeaways
The Global Plant Phenotyping Market Size is expected to witness high growth. The global Plant Phenotyping Market is estimated to be valued at US$ 227.28 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2024-2031.
North America is currently the largest market for plant phenotyping due to strong government support for innovative agriculture technologies in the region. The Asia Pacific region is anticipated to grow at the fastest CAGR during the forecast period driven by rising R&D investments and increasing demand for food due to growing population in countries like China and India.
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. These players are focused on developing advanced phenotyping platforms and sensors for more accurate analysis. Strategic partnerships are a key strategy adopted by these companies to enhance their product portfolios.
