DUBLIN--(BUSINESS WIRE)--The "Plant Phenotyping - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Plant Phenotyping estimated at US$129.2 Million in the year 2020, is projected to reach a revised size of US$239.6 Million by 2026, growing at a CAGR of 10.7% over the analysis period.
Equipment, one of the segments analyzed in the report, is projected to record a 10.6% CAGR and reach US$164.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 11.9% CAGR for the next 7-year period.
Growth in the Equipment segment is attributed to increasing adoption of equipment such as drones and conveyor systems by plant breeders. These systems are commonly used by breeders for assessing plant morphology, properties and physiology. Growth in the Software segment is led by image analysis, owing to high uptake of image-based plant phenotyping performed through automated digital cameras. Image-based analysis is fast and provides users with high-throughput data about plant traits.
The U.S. Market is Estimated at $34.6 Million in 2021, While China is Forecast to Reach $22.9 Million by 2026
The Plant Phenotyping market in the U.S. is estimated at US$34.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.9 Million by the year 2026 trailing a CAGR of 10.1% over the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 10.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.9% CAGR. Europe leads market growth, owing to increasing funding from public and private organizations for plant phenotyping R&D. The EPPN2020 research infrastructure project funded by Horizon 2020 Programme of the EU offers public and private scientific sectors in Europe access to a range of plant phenotyping facilities, techniques and approaches to accelerate the use of genetic and genomic resources available for crop improvement.
Select Competitors (Total 13 Featured) -
- Crop Design
- Delta-T Devices Ltd
- Heinz Walz GmbH
- Keygene N.V
- LemnaTec GmbH
- Phenomix Lyon France
- Phenospex B. V.
- PSI (Photon Systems Instruments) spol. s r.o.
- Qubit Systems Inc.
- The Vienna Biocenter Core Facilities
- WPS
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Impact on Agriculture Technologies
- Plant Phenotyping - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Plant Phenotyping: Market Overview and Outlook
- Equipment Dominates the Market
- Europe Leads the Plant Phenotyping Market
- Competitive Scenario
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Ensuring Food Security for Expanding World Population Raises Significance of Plant Phenotyping
- Global Population Estimates (in Billion): 2000-2050
- Food Demand Worldwide: Demand Growth in Million Tonnes for the Period 2008-2017 and 2018-2027
- Increasing Adoption Sustainable Agriculture Practices Drive Interest on Plant Phenotying Techniques
- Drastic Implications of Climate Change Impel Plant Phenotyping R&D
- Average Global Surface Temperature (In Degrees Fahrenheit) for the Years 1940, 2000 and 2020
- Plant Phenotyping Holds Potential to Address Water Stress
- Global Water Utilization: Percentage Share Breakdown for Agricultural Practices, Industrial Processes, and Domestic Usag
- Shrinking Arable Land & Declining Agricultural Yields Drive the Importance of Plant Phenotyping
- Loss of Arable Land & Decline in Yields Doubles Up the Pressure to Strengthen Plant Defenses Against Diseases: Global Availability of Arable Land in Hectares Per Person & as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
- Plant Phenotyping to Aid Precision Agriculture
- Rising Threat of Plant Diseases and Concerns over Associated Yield Losses Enhances Interest in Plant Phenotyping
- Comparison of Yields With and Without Crop Protection
- High-Throughput Plant Phenotyping Techniques to Improve Farming and Plant Breeding
- Satellite Imaging, Drones and Proximal Phenotyping
- Prominent Role of Technological Advances in Progress of Plant Phenotyping
- Automated Phenotyping Offers New Avenues for Plant Selection and Higher Yields
- AI and Machine Learning to Play a Transformative Role in Plant Phenotyping
- Artificial Intelligence in Agriculture by Application Type: 2019
- Artificial Intelligence in Agriculture by Technology: 2019
- Drones Technology Scales New Heights to Provide Deeper Insights into Plant Phenotyping
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/r18cks
