Digital Scent Technology Market: Current Analysis and Forecast (2021-2027)

The global digital scent technology market is expected to register a CAGR of around 9% over the period of 2021-2027. The global digital scent technology market is uplifting on account of the rising adoption of smart devices along with advancements in e-nose technologies. Moreover, the expanding applications of digital scent technology followed by the rising use of e-nose in the food industry for quality assurance will positively stimulate the industry landscape. With digital scent technology, consumers are able to sense, transmit and receive the smell through the internet. Earlier, technology targeted only our sense of sight and sound due to which we have realistic-looking games, graphic cards, various sound technologies, HDTV, and many more technologies. Since digital scent is a reality now, several market players are conducting research and development programs to develop effective and useful digital scent technologies which are driving the growth of this market. It is also applicable to E-commerce; it will make online shopping more interesting and enjoyable. With the help of digital scent technology customers would be able to smell a perfume online before buying, and the freshness of the food that is ordered online would be checked digitally. As this technology advances, it can be implemented in all areas of the digital world, hence its applications in the E-commerce industry are going to drive the growth of this market.

Electronics Sensor Technology Inc., ScentSational Technologies LLC, Smiths Detection Group Ltd., Odotech Inc., AIRSENSE Analytics GmbH, The eNose Company, Scentcom Ltd., AMS AG, Stratuscent Inc., AerNos Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

"Amongst hardware, e-nose category held a prominent share in the market in 2020"

Based on hardware, the digital scent technology market is bifurcated into e-nose and scent synthesizer. The e-nose segment grabbed a significant share of the market in 2020 and is expected to register a robust CAGR during the forecast period. This is due to many benefits, such as electronic aroma detection, anomaly detection, and pattern recognition. The e-nose is an array of chemical sensors that responds to odors passing over it. Different odors generate different responses in the sensors, and these responses provide a signal pattern characteristic of a particular smell. Moreover, leakages in the pharmaceutical products, such as sachets/closures, can lead to product contamination. The e-nose can detect the smell generated by the leakage of poisonous and harmful gases and avoid such disastrous incidents.

"Amongst application, medical category held a prominent share in the market in 2020"

On the basis of application, the digital scent technology market is segmented into medical, entertainment, food & beverage, and others. Among these, the medical segment captured a significant share of the market and is expected to witness a substantial CAGR during the forecast period. One of the most prominent factors driving the growth of this segment is the use of digital scent technology in medical diagnosis, patient treatment selection, metabolic disorders nutritional status, and more. This application contributes to the maximum developments and innovations of digital scent technology products by most start-ups and a few major companies.

"North America to witness significant growth during the forecast period"

The North America digital scent technology market held a significant share of the market in 2020 and is expected to witness a prominent CAGR during the forecast period. The growth of this market can be attributed to the rising adoption of enhanced digital services by customers, use of biosensors for early detection of diseases, strict regulatory environment with regards to indoor air quality in the US, and significant e-nose developments with respect to applications in the medical and agriculture industries. Furthermore, the presence of key market players and the adoption of enhanced digital services by customers within the region is further propelling the growth of the market. Moreover, North America is the global hub for the innovation of various technologies which makes the population of North America the early adopters of various technologies and digital scent technology is one of them. Hence the market for digital scent technology in the region going to be increased.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

• The report presents a quick review of overall industry performance at one glance.

• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional level analysis of the industry.

Customization Options:

Global digital scent technology market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.