The Electronic-Nose Market size is estimated at USD 23.98 million in 2023, and is expected to reach USD 46.51 million by 2028, growing at a CAGR of 14.17% during the forecast period (2023-2028).
Technological advances, such as artificial intelligence (AI), the cloud, and the Internet of Things (IoT), have positively impacted the demand for electronic nose technology. These advancements have been dynamic and have enhanced computing systems, one of the key components of the products in the electronic nose industry.
The eNose market is very competitive in nature. The market is highly concentrated due to the presence of various small and large players. Some of the significant players in the market are Alpha MOS Electronic, Sensor Technology, Plasmion GmbH, Odotech, The eNose Company, Airsense Analytics GmbH, and many more.
In March 2022, Alpha MOS and New Max collaborated. New Max uses HERACLES, the eNose of Alpha MOS, for its sensory analyses. The company was satisfied because the eNose perfectly tackles research and development needs. New Max stated that the company has been using HERACLES for quality control, research, and development. The eNose offers a far more accurate analysis when compared to traditional gas chromatographs since it makes it easier to identify the chemical components present in the products. The use of HERACLES simplifies the sensory analysis while increasing the accuracy and confidence of the results.
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