NEW YORK, Sept. 20, 2018 /PRNewswire/ -- Read the full
report: https://www.reportlinker.com/p05500085
The plant phenotyping market is projected to reach USD 268.1 million by 2023, from USD 158.2 million in 2018, at a CAGR of 11.14%.
The market is projected to grow at a steady rate due to significant
advancements in the technologies for high-throughput screening,
rising importance for sustainable crop production using improved
crop varieties, and growing investments in plant phenotyping
research in developed regions. The major factors hindering the
growth of the plant phenotyping market are the lack of technical
and conceptual awareness and lesser adoption in emerging economies
due to lack of funds.
The plant phenotyping services segment is projected to grow
strongly from 2018 to 2023.
Services are a crucial part of the plant phenotyping industry as
there is an increasing trend of commercial plant breeders and
plant-based science research companies opting for plant phenotyping
services.In addition, there have been collaborations between plant
phenotyping companies for the integration of analysis equipment and
parameters to recreate an ideal environment for plant
phenotyping.
For instance, LemnaTec (Germany),
which is a leader in plant phenotyping systems, collaborated with
Conviron (Canada) to develop a new
generation of plant phenomic platforms that would integrate
LemnaTec Scanlyzer3D technology with Conviron's expertise in
controlled environments.
Among products, the plant phenotyping equipment segment is
estimated to dominate the market in 2018.
For carrying out the processes of plant phenotyping, whether as a
plant phenotyping service provider or a professional plant breeder
or plant science research company, it requires the procurement of
the plant phenotyping equipment (which may/may not come as a
complete package along with its own software/sensors) in the
industry.Therefore, the other add-on elements of plant phenotyping
products such as software and sensors can be integrated as and when
required into the equipment.
Therefore, equipment holds a larger share among plant phenotyping
products, which also includes software and sensors. The equipment
segment is further studied on the basis of equipment site,
platform/carrier, automation level, application, and analysis
system.
Asia Pacific is projected to be
the fastest-growing market for plant phenotyping through 2023
The market for plant phenotyping in the Asia Pacific region is projected to grow at
the highest CAGR from 2018 to 2023. Government and public
initiatives of plant phenotyping networks in various countries,
through symposiums and events, have helped to gain awareness among
the plant research community in the Asia
Pacific region.
The breakdown of the primaries on the basis of company type,
designation, and region conducted during the research study, is as
follows:
• By Company type: Tier 1 – 4%, Tier 2 –12%, and Tier 3 – 84%
• By Designation: C-Level – 20%, D-Level – 25%, and Others* –
55%
• By Region: Asia Pacific – 45%,
North America –20%, Europe – 25%, and RoW -10%
*Others include sales managers, marketing managers, and product
managers.
Note: Tier 1: Revenue >= USD 1
million; Tier 2: USD 100
million< Revenue< USD 1
million; Tier 3: Revenue =< USD
100 million
The global market for plant phenotyping includes key players such
as LemnaTec (Germany), Delta-T
Devices (UK), CropDesign - BASF SE (Germany), Heinz
Walz (Germany), Qubit
Systems (Qubit Phenomics) (Canada), and KeyGene (Netherlands). PHENOSPEX (Netherlands), WPS (Netherlands), Rothamsted Research (UK), The
Vienna Biocenter Core Facilities (VBCF) (Austria), Photon Systems Instruments
(Czech Republic), and Phenomix
(France) are other players in the
market.
Research Coverage
The report analyzes the plant phenotyping market across different
functions and regions.It aims at estimating the market size and
future growth potential of this market across different segments
such as products, (equipment, software, sensors), services, and
region.
Furthermore, the report includes an in-depth competitive analysis
of the key players in the market along with their company profiles,
recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market
by providing them the closest approximations of the revenue numbers
for the overall plant phenotyping market and its subsegments.This
report will also help stakeholders to better understand the
competitor landscape, gain more insights to position their
businesses better, and devise suitable go-to-market strategies.
The report will also help stakeholders to understand the market and
provide them with information on the key market drivers,
restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05500085
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