Digital Scent Technology Market Global Industry Trend Analysis and Forecast 2023 - 2026
Posted by Tom C on March 8th, 2023
Digital scent technology market share is expected to grow from USD 1.0 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 9.2%.
The digital scent technology market includes major Tier II and Tier III suppliers such as ams AG (Austria), Smiths Detection (US), Alpha MOS SA (France), AIRSENSE Analytics GmbH (Germany),ScentSational Technologies (US), Electronic Sensor Technology (US), Aromajoin Corporation (Japan), Scent Sciences Corporation (US), The eNose Company (The Netherlands), Odotech Inc. (Canada), and so on. These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.
Opportunity: Application of e-nose in security and military sectors
Digital scent technology is not only used for diagnosing diseases but also in security and military sectors. The rising numbers of bomb blasts is demanding a technology which can detect explosives quickly and effectively. Therefore, digital scent technology is used by the police and military to detect explosives in public areas as well as war fields. The growing adoption of digital scent technology in security and military sectors indicates a significant demand for this technology. Thus, the use of e-noses in security and military sectors can be a major growth opportunity for the digital scent technology market.
Challenge: Unpredictability of air flow
Digital scent technology is all about generating and sensing different types of smells. The generated smell can be affected by the flow of air, and that may reduce its original impact. Air flow can mix other smells present around, especially in public places. Hence, the unpredictability of air flow affects the experience of smell—unless air flow is controlled in a closed area. Thus, the impact of this challenge on the development of the digital scent technology market is medium.
North America held the largest share in the digital scent technology market in 2020. North America is expected to continue to dominate the market during the forecast period due to the presence of various key players in the region. The major factors which are fueling the growth of the market are 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.
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About the AuthorTom C
Joined: July 2nd, 2020
Articles Posted: 347
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