Digital Scent Technology - Global Market Outlook (2021 - 2028)

Digital Scent Technology - Global Market Outlook (2021 - 2028)

According to Stratistics MRC, the Global Digital Scent Technology Market is accounted for $869.55 million in 2021 and is expected to reach $1,816.75 million by 2028 growing at a CAGR of 11.1% during the forecast period. The digital scent technology uses hardware equipment such as scent synthesizer and e-nose to sense and create several kinds of smells. The e-nose is an assortment of gas sensors such as metal oxide semiconductor field-effect transistor (MOSFET) sensors, optical fiber sensors, polymer sensors, and piezoelectric sensors, and E-noses are widely utilized by end-users such as military & defence, food & beverage, and healthcare. Scent synthesizers use a cartridge to create smells.

Market Dynamics:

Driver:

Expanding application and advancements in e-nose technologies

E-noses have received considerable attention in the field of sensor technology during the past 20 years, largely due to the discovery of numerous applications derived from research in diverse fields of applied sciences. Recent applications of e-nose technologies have come through advances in sensor design, material improvements, software innovations, and progress in microcircuitry design and systems integration. The invention of many new e-nose sensor types and arrays, based on different detection principles and mechanisms, is closely correlated with the expansion of new applications. E-noses have provided a plethora of benefits to a variety of commercial industries, including the agricultural, biomedical, cosmetics, environmental, food, manufacturing, military, pharmaceutical, regulatory, and various scientific research fields. Advancements produce improved product attributes, uniformity, and consistency as a result of increases in quality control capabilities afforded by e-nose monitoring of all phases of industrial manufacturing processes.

Restraint:

Delay between successive tests while using e-nose

Another disadvantage of using the e-nose has been the delay between successive tests—between 2 and 10 minutes—during which time the sensor is to be washed by a reactivating agent, which is applied to the array so as to remove the odorant mixture from the surface and a bulk of the sensor’s active material.

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.

Threat:

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.

The electronic nose segment is expected to be the largest during the forecast period

The electronic nose segment is expected to be the largest share in the market. Non-stop technological expansions and the decreasing cost of e-nose are the foremost factors that would drive the growth of e-nose during the forecast period. In February 2020, a team of researchers from Australia developed an inexpensive, portable e-nose that used machine learning to rapidly assess beer quality based on its aroma. The e-nose was designed to look like a small microchip and gave results with 97% correctness.

Region with highest share:

North America is projected to hold the largest share in the market. 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.

Region with highest CAGR:

Europe is projected to have the highest CAGR in the market. Governmental support and the leading market players in Europe have propelled the market growth in recent years. The governmental organizations in Europe are emphasizing eco-friendly services and products, such attitudes have increased the financial support for the Digital Scent Technology market in the region.

Key players in the market:

Some of the key players profiled in the Digital Scent Technology Market include Airsense Analytics Gmbh, Alpha Mos Sa, Ams Ag, Aromajoin Corporation, Aryballe, Electronic Sensor Technology, Odotech Inc, Owlstone, Plasmion Gmbh, Scent Sciences Corporation, Scentsational Technologies, Sensigent, Smiths Detection Inc, Stratuscent Inc, and Voler Systems.

Key developments:

In November 2020: Alpha MOS SA partnered with John Morris Group, wherein the company appointed John Morris Group as a distributor of its sensory analysis solutions in Australia and New Zealand.

In September 2020: ams AG launched AS7038RB SpO2, the thinnest sensor for blood oxygen saturation (SpO2) measurement, bringing the capability to remotely monitor this vital sign to small consumer products such as earbuds, smart watches, and wristbands, as well as to medical devices such as patches and oximeters.

In July 2020: Aromajoin Corporation launched a new matte black version of Aroma Shooter, the company's flagship product. Aroma Shooter is primarily a tool for retail and entertainment applications.

Hardware Devices Covered:
Scentograph
Scent Synthesizer
Electronic Nose
Cartridge

Types Covered:
Rotary Die Cutting Machine
Platen Die Cutting Machine

Sensor Types Covered:
Mosfet Sensor
Optical Fiber Sensor
Piezoelectric Sensor
Polymer Sensor
Quartz Sensor

Applications Covered:
Automobile
Chemical
Communication
Education
Entertainment
Environmental Monitoring
Food & Beverage
Healthcare And Life Sciences
Marketing
Medical
Military & Defense
Packaging
Security

End Users Covered:
Smelling Screen
Smart Phone
Music And Video Games
Quality Control Products
Explosives Detectors
Mobile Phone and Computers
Virtuality Reality Devices
Medical Diagnostic Products
Other End Users

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances