Global Digital Scent Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Digital Scent Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Digital Scent is a device that uses digital scent technology, AI technology and other technologies to provide users with a smart, convenient, and high-quality aromatherapy experience.

Market Overview:

The latest research study on the global Digital Scent market finds that the global Digital Scent market reached a value of USD 112.86 million in 2022. It’s expected that the market will achieve USD 162.96 million by 2028, exhibiting a CAGR of 6.31% during the forecast period.

Political Factors

Political stability or instability can have a deep impact on the profitability of an industry. Globally the political environment is linked with economic stability. Political instability can lead to chaos and disruption of supply chain. In the U.S., with Biden in office, there may be some policy stability, which is good for manufacturing. There will be fewer twists and turns, perhaps more stringency, but a more predictable policy outcome. In order to promote rapid economic development, the Chinese government has been playing the role of supporter for the development of the manufacturing industry, giving full policy support in improving industrial productivity, fostering industrial clusters, stimulating intra-industry competition and international operations. Leaving aside the political turmoil over Brexit, it could affect the Digital Scent business even in a few other parts of Europe. These political changes have a short - and long-term impact on market conditions. The changing political tide in European countries can be very frustrating for the makers of Digital Scent. In addition to continued supply and good sales, political stability ensures several things. It also ensures that companies can do business without fear of losing profits and sales.

Social Factors

Social factors such as the level of social development and population consumption concepts also profoundly affect the demand for a class of products. With the improvement of the social security system in various countries and the continuous improvement of people's future income expectations, the country's overall consumption concept, especially the consumption concept of urban residents, is changing, which gradually affects the consumption habits of local consumers. For the Digital Scent industry, the shift of consumer preferences to smart products will promote the development of the Digital Scent industry.

Technological Factors

The global Digital Scent industry is a technology-driven industry. With the continuous development of artificial intelligence and other new technologies, Digital Scent products will become more and more mature, and the entire industry will develop better and better. In addition, the growing popularity of IoT (Internet of Things) will also promote the development of the Digital Scent industry.

Region Overview:

North America dominated the Digital Scent market in 2022, with a market share of 37.22%.

Company Overview:

Pura Scents, Inc is one of the major players operating in the Digital Scent market, holding a share of 23.77% in 2023.

Pura Scents, Inc

Pura Scents, Inc. is located in Orem, UT, United States and is part of the Personal Care Products Manufacturing Industry. The company’s main product is Smart Home Fragrance.

Prolitec

Prolitec is a technology-enabled air care services company that develops patented scent diffusion technologies and custom scented environments.

Segmentation Overview:

Among different product types, Hardware segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Home Use, with a market share of 65.77% in 2022.

Key Companies in the global Digital Scent market covered in Chapter 3:

Godrej aer
Inhalió
Prolitec
Aromeo
Aromajoin
Pura Scents, Inc.
Moodo
Scentee Machina

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Scent market from 2018 to 2029 is primarily split into:

Hardware
Software

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Scent market from 2018 to 2029 covers:

Automotive
Home Use
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)