The Plant Phenotyping Market is at a Nascent Stage and Expected to Witness Substantial Growth Over Next Five Years

NOIDA, India, September 19, 2019 (Newswire.com) - ​​Knowledge Sourcing Intelligence has published a new report on “Global Plant Phenotyping Market – Forecasts from 2019 to 2024”, which presents key market developments and trends for vendors over the next five years. This report will assist multiple stakeholders, manufacturers, raw material suppliers, and consultants across the value chain to identify the opportunities which exist across different regional markets. The plant phenotyping market is projected to grow at a CAGR of 9.71% throughout the forecast period.

Plant Phenotyping refers to the quantitative description of the plant’s physiological properties. The market has been classified based on component (hardware and software) and end-users (greenhouses, laboratory, and field). The increasing adoption of automation by the agriculture sector in developing economies, coupled with rising awareness regarding substantial crop production, is expected to drive the plant phenotyping market during the forecast period.

By component, the hardware segment is expected to hold a significant share in the marking, owing to increasing demand from plant breeders. Besides, increasing investment by major market players is anticipated to propel the market growth opportunities in the coming years. As the software segment is at a very nascent stage, the market is expected to witness considerable growth during the forecast period on account of growing automation in the agriculture sector.

By end-use, the laboratory segment holds a significant share in the global plant phenotyping market and is poised to grow at an impressive rate during the forecast period, owing to the increasing investment in research and development by both public and private companies. Besides, due to expanding greenhouse activities around the globe, this segment is expected to witness substantial growth over the forecast period. 

The North American region held a notable share in the global plant phenotyping market in the base year. Increasing investments by both public and private organizations in plant phenotyping experiments, coupled with increasing research activities in the region, is expected to drive the demand for this technology in the region over the forecast period. Furthermore, due to the early adoption of the technology, the European region is anticipated to witness substantial growth in the coming years. 

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https://www.knowledge-sourcing.com/report/plant-phenotyping-market

This report provides a market forecast for the following segments:

• Hardware
  • Sensors
  • Imaging devices
  • LED
  • Others
• Software

Forecast based on the following end use:

• Greenhouses
• Laboratory
• Field

Forecast based on the following geographies:

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others

Also, the study focuses on the following key players in the global plant phenotyping market:

• Phenospex
• Delta-T Devices Ltd.
• KeyGene
• Heinz Walz Gmbh
• Qubit Systems
• Lemnatec Corporation
• Vienna Biocenter
• WIWAM
• Photon Systems Instruments
• Phenomix
• WPS B.V.

Source: Knowledge Sourcing Intelligence