DUBLIN--(BUSINESS WIRE)--The "Plant Phenotyping Market - Forecasts from 2019 to 2024" report has been added to ResearchAndMarkets.com's offering.
The plant phenotyping market was valued at US$181.573 million in 2018 and is projected to expand at a CAGR of 9.71% over the forecast period to reach US$316.612 million by 2024.
The rising focus on sustainable crop production is expected to be a key factor driving the market for plant phenotyping. Further, rising adoption of automation techniques for plant growth is anticipated to fuel the market for plant phenotyping in the near future.
However, lack of awareness and insufficiency of professionals to operate these systems along with high costs associated with plant phenotyping is expected to hamper the market from growing to its full potential. But, rising technological advancements coupled with increased research and development activities for sustainable and efficient crop production techniques is projected to widen up the growth opportunities for plant phenotyping market in the coming years.
The market has been segmented by component, end use and geography. In the component segment, hardware is expected to hold a significant market share on account of the rising demand for drones and other systems for assessment of plants characteristics.
Geographically, North America is projected to hold a substantial share in the market on account of early adoption of new technology. Europe and Asia Pacific are expected to grow at significant rate on account of presence of major players and rising government support in the form of subsidiaries respectively.
The major players profiled in the plant phenotyping market include Phenospex, Delta-T Devices Ltd., Keygene, Heinz Walz Gmbh, Qubit Systems, Lemnatec Corporation, Vienna Biocenter, WIWAM, Photon Systems Instruments, Phenomix, and WPS B.V.
- Rising adoption of automation in agricultural sector
- Growing awareness regarding substantial crop production
- Lack of awareness
- High cost of phenotyping systems
Key Topics Covered
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PLANT PHENOTYPING MARKET BY COMPONENT
5.1.2. Imaging devices
6. PLANT PHENOTYPING MARKET BY END USE
7. PLANT PHENOTYPING MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.3. Heinz Walz GmbH
9.4. Qubit Systems
9.5. Lemnatec Corporation
9.6. Vienna Biocenter
9.8. Photon Systems Instruments
For more information about this report visit https://www.researchandmarkets.com/r/g9iqn1