The Global Plant Phenotyping Market Growth Accelerated By Adoption Of Deep Learning Technology
Plant Phenotyping Market |
Plant phenotyping is the measurement
of physical, physiological, biochemical and molecular attributes of plants to
study their structure and function. It enables plant breeders to accurately
measure thousands of crop plants under different environmental conditions to
identify desirable traits for improving crop yield, stress tolerance and
nutrition content. These measurements allow researchers and breeders to
evaluate the genetic and phenotypic characteristics required for high-yield
crops suitable for sustainable agriculture.
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 Dynamics:
Increasing crop yield is one of
the key drivers propelling the growth of the plant phenotyping market. Plant
phenotyping helps researchers identify traits to develop high-yielding crop
varieties suitable for changing climatic conditions. It allows comprehensive analysis
of various traits influencing crop productivity. This augments crop breeding
programs focused on increasing agricultural output to meet the rising global
food demand.
Another driver augmenting market
growth is the need to adapt crops for climate change and abiotic stress
factors. Phenotyping aids in identifying genes providing resistance to drought,
heat, salinity and other environmental stresses. This enables developing
climate-resilient seeds and hybrids well-adapted to diverse geographical and climatic
conditions. Researchers can optimize various traits related to biotic and
abiotic stress tolerance.
SWOT Analysis
Strength:
- Plant phenotyping allows for
precise scientific analysis of plants and crops which enables efficient
breeding programs. Detailed phenotypic characterization allows researchers to
advance plant varieties faster.
- High-throughput plant
phenotyping platforms provide an objective and quantitative analysis of plant
traits. This standardizes the evaluation process and removes human
subjectivity.
- Advances in sensor technologies
and imaging systems have made it possible to non-destructively capture diverse
plant traits over their entire lifecycle under natural or controlled
conditions.
Weakness:
- Plant phenotyping equipment and
analysis solutions require significant investments which may not be feasible
for small and medium scale farmers or breeding programs.
- Environmental conditions within
growth facilities are harder to control precisely compared to greenhouse or
field conditions. This impacts reproducibility of phenotypic responses.
Opportunity:
- Tremendous scope to breed
climate-resilient and stress-tolerant crop varieties to address challenges of
food security. Plant phenotyping can accelerate development of varieties
adapted for extreme weather.
- Personalized evaluation of
entire plant populations enables breeding programs to introduce multiple
desirable traits simultaneously instead of focusing on one or two traits.
Threats:
- Limited availability of trained
professionals having interdisciplinary expertise in plant science and
computing.
- Concerns about data privacy and
ownership especially for commercially sensitive plant breeding data collected
through high-throughput platforms.
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$ 261.83 Mn in 2024 and is expected
to exhibit a CAGR of 2.4% over the
forecast period 2024 to 2031.
Regional analysis related content
comprises European region currently dominates the plant phenotyping market owing
to strong research support and increasing adoption by leading seed and crop
companies in the region. The Asia Pacific region is expected to grow at the
fastest pace during the forecast period led by China and India.
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.
Get More Insights Here
https://www.newsstatix.com/plant-phenotyping-market-analysis-size-share-growth-outlook-2023/
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