Plant phenotyping is the measurement of physical, physiological, and biochemical characteristics of a plant. It enables plant scientists to understand plant traits, gene functions, and control environmental stresses. Plant phenotyping involves the use of multispectral and hyperspectral imaging, spectroscopy, 3D imaging, and underwater and aerial photography to precisely capture phenotypic traits over time. It helps breeders, researchers, and growers to visualize plant growth in a controlled and natural environment for evaluating genetic diversity and selecting desirable traits.

The global plant phenotyping market is estimated to be valued at US$ 227.28 Mn in 2023 and is expected to exhibit a CAGR of 2.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Increasing investment in agricultural research is a key driver propelling the growth of the plant phenotyping market. For instance, in 2021, the United States Department of Agriculture (USDA) allocated $7 billion toward agricultural research which included $380 million for plant phenotyping initiatives. Phenotyping activities help enhance crop quality, understand gene function, and develop improved cultivars resistant to biotic and abiotic stresses. This in turn boosts agricultural productivity and food security. Moreover, the adoption of technologically advanced solutions such as hyperspectral and multispectral imaging, 3D imaging, and drones is augmenting the demand for plant phenotyping solutions.

SWOT Analysis
Strength: The plant phenotyping market size has strong growth potential as it helps increase agricultural yield. It assists in screening plant variants in a high-throughput manner. Phenotyping tools enable selection of ideal traits in plant breeding programs to develop stress-tolerant crops.

Weakness: Initial investments required for plant phenotyping tools and infrastructure are high. Accuracy and reproducibility of phenotyping data still needs improvements. high dependency on weather conditions and environment for outdoor field phenotype analysis.

Opportunity: Adoption of robotics, drones and sensors in phenotyping solutions provides new avenues. Development of crops resistant to climate change and other abiotic/biotic stresses demands innovative phenotyping. Integration of phenotyping data with genomics expands scope.

Threats: Limitations of greenhouse and growth chamber setups for large-scale analysis. Slow commercialization of researcher developed futuristic phenotyping methods.

Key Takeaways

The global plant phenotyping market is expected to witness high growth.

Regional analysis related content comprises highest revenues are projected to be generated from the North American region from 2023 to 2030. This can be attributed to heavy investments in plant research and significant adoption of phenotyping solutions across countries in the region.

Key players related content comprises 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.

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