Electronic Nose Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Electronic-Nose (e-nose) Market was valued at USD 17.8 million in 2020. It is expected to reach USD 34.78 million by 2026, registering a CAGR of 12.44% during 2021-2026. Amid the COVID-19 outbreak, there is a significant potential that the market may introduce eNose to detect infected people, when robots equipped with e-noses can monitor the environment without physical contact. One such development was observed in January 2020, when researchers at the Oregon State University developed an e-nose for monitoring air quality, detecting safety threats, and diagnosing diseases by measuring gases in a patient's breath. This is the indicative of rapid developments in the market studied, and the rate of COVID-19 spread around the world has undoubtedly opened newer opportunities.
Key HighlightsThe electronic nose market is highly competitive and has several major players. A few of the players enjoy better market goodwill and extended geographical recognition and presence. The major players, who have a relatively prominent share in the market, are focusing on expanding their customer base across the end-user industries. Vendors that have AI and ANN capabilities or strategic partnerships with companies that have such capabilities are expected to have an improved product portfolio and profile. These companies are leveraging strategic collaborative initiatives to increase their market share and profitability. T
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