Market Overview
The global digital scent technology market has been evaluated as a rapidly growing market and is expected to grow at a robust CAGR of 30% over the forecast period of 2017-2023, reveals Market Research Future (MRFR) in an exhaustive research report. Digital scents have been on the rise lately and finding application in various industry verticals especially the healthcare and the military & defense. It is used for detecting explosives and other intentionally harmful substances. Digital scents find application in the Food & beverage industry as well.
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It is used for quality evaluation of raw materials. The healthcare sector too employs digital scents for clinical diagnosis. Recent advancements in design and system integration also provide an impetus to the growth of the market. Other than these significant applications, the digital scent technology also finds application in the education sector and filmmaking to make objects more life-like. However, initial high cost of implementation and lack of awareness regarding the technology are likely to be a possible bottleneck for the market growth. Other restraining factors include health dangers of synthetic odors. These factors, in conjunction, will help the global digital scent technology market attain a valuation of USD 1080 Million by the end of 2023.
Regional Analysis
The global Digital Scent Technology Market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of digital scent technology applications across various industry verticals.
Segments
The global digital scent technology market is segmented by product, hardware, and end user. Based on product, the market is segmented into mobile phone, smelling screen, music and video games, explosives detector, quality control product, medical diagnostic product, and others. Based on the hardware, the market is segmented into E-nose and scent synthesizer. The e-nose segment comprises of optical fiber sensor, piezoelectric sensor, polymer sensor and metal oxide semiconductor field effect transistor (MOSFET) sensor whereas, the scent synthesizer comprises of cartridge. Based on the end user, the market is segmented into marketing, food & beverage, entertainment, education, healthcare, communication, military & defense, and others.
Key Players:
Some of the prominent players in the global digital scent technology market are Smiths Detection Inc. (U.S.), Scent Sciences Corporation (U.S.), ams AG (Austria), Alpha MOS SA (France), Electronics Sensor Technology (U.S.), ScentSational Technologies LLC (U.S.), Scentcom Ltd. (Israel), AIRSENSE Analytics GmbH (Germany), Vapor Communications (U.S.), and The eNose Company (the Netherlands).
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Intended Audience
- Technology Investors
- Research/Consultancy firms
- Consulting service providers
- Technology Providers
- System integrators
- Clinical Diagnostic Centers
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