Sarasota, FL -- (SBWIRE) -- 10/25/2018 -- Plant phenotyping market was valued at approximately USD 140.48 million in 2017 and is expected to generate revenue of around USD 297.82 million by the end of 2024, growing at a CAGR of around 11.12% between 2018 and 2024.

The phenotypic data helps in detecting the quantitative trait locus (QTL). They give the insight of plants, how they react to the light, CO2, and also how the pathogens and pests influence the phenotypes. In addition to this, phenotypic data act as the indicators in the toxicology studies, for instance, soil salinity, and in dedicated duckweed assays. Moreover, they also give the insight on how the plants cope with the limitation of water and nutrients. Advancement in the technologies for high-throughput screening and increasing significance for the sustainable crop production by better crop varieties and rising investments in the plant phenotyping research in urban regions are some of the factors influencing the market growth.

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On the basis of the product, the market is categorized into equipment, software, and sensors. Furthermore, the equipment is classified by site, platform, and level of automation. Among the platform type, drones application for plant phenotyping is estimated to be the fastest growing during the forecast timeframe. The use of drones is most preferable as they have high demand in the countries with less manpower. Moreover, various types of plant phenotyping equipment include bench-based systems, portable systems, and conveyor-based systems. Plant breeders mostly prefer the conveyor-based systems, due to the high demand for high-throughput phenotyping systems. On the basis of application, the market is categorized into the high-throughput screening, trait identification, photosynthetic performance, morphology and growth assessment, and others.

On the basis of region, Europe is dominant in the market and is estimated to continue the trend during the forecast period. This growth is attributed to the presence of strong players such as KeyGene, LemnaTec, BASF SE, Rothamsted, Heinz Walz, and others. In addition to this, an increase in the plant phenotyping initiatives, networks, and programs by the companies have also helped the region to remain dominant in the market. For instance, Europe has introduced the European Plant Phenotyping Project to begin a phenotyping infrastructure in the region. Additionally, the network includes projects such as the International Plant Phenotyping Network, UK Plant Phenomics Network, and Phenome French Plant Phenotyping Network. North America is anticipated to grow comparatively at a faster rate, leading to overall market growth in this region.

The major players operating in the plant phenotyping market are LemnaTec, Delta-T Devices, CropDesign - BASF SE, Heinz Walz, Phenospex, WPS, Photon Systems Instruments, Qubit Systems, KeyGene, Rothamsted Research, The Vienna Biocenter Core Facilities, and Phenomix. Moreover, there have been many merger and acquisitions, collaborations between the companies for integrating the equipment and parameters to store a perfect environment for plant phenotyping.

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This report segments the plant phenotyping market as follows:

Plant Phenotyping Market: Product Segment Analysis

Equipment
Software
Sensors
Plant Phenotyping Market: Application Segment Analysis

Plant Research
Breeding
Product Development
Quality Assessments
Plant Phenotyping Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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