Global Digital Scent Technology Market Size is Expected to Reach USD 1.92 Billion by 2028 According to New Study by Polaris Market Research
The growth of the digital scent technology market is driven by the advanced development of the technology with increasing adoption in the healthcare, defense, and food & beverage sectors. Growing IoT integration of digital scent technology with low-cost and transportable devices is expected to drive the digital scent technology advancement market over the forecast period.
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E-nose hardware devices dominated the digital scent technology market in 2020, owing to its growing implementation in healthcare applications. It can be used to detect disease at an early stage and facilitate medical analysis for better diagnosis, which is expected to drive the market growth in the coming years.
The explosive detector segment is expected to dominate the market over the forecast period owing to its application in the defense sector. It is used by police and military to detect the bomb and protect civilians.
Scent screens have significant market growth capabilities over the coming years as e-commerce industries strive to use scent synthesizers to improve the purchase engagement of virtual customers.
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The market was dominated by North America in 2020 as several players exist in the region. The government has imposed strict indoor air quality laws, which is expected to increase market demand for environmental monitoring.
Rising healthcare expenditure and implementation of new technologies for the diagnosis and treatment of crucial diseases are the major factors driving the growth of the digital fragrance technology market in the North American region.
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Major players operating in the digital scent technology market are AIRSENSE Analytics GmbH (Germany), Smiths Detection (US), Alpha MOS SA (France), ams AG (Austria), ScentSational Technologies (US), etc
Main Key Players
The major players are focusing on R&D investment and innovation to compete with new entrants in the digital fragrance technology industry market. Ams AG invested in the development of a new imaging center of excellence in New York to develop the sensor that enabled consumer imaging expertise.
Polaris Market Research has segmented the Digital Scent Technology Market report on the basis of Hardware Devices, Application, End-Use, and Region:
Digital Scent Technology, Hardware Devices Outlook (Revenue – USD Million, 2016 – 2028)
• Smell synthesizer
Digital Scent Technology, Outlook Application (Revenue – USD Million, 2016 – 2028)
• Odor screens
• Music and video games
• Explosives detectors
• Quality control hardware devices
• Medical diagnostic hardware devices
Digital Scent Technology, End-Use Outlook (Revenue – USD Million, 2016 – 2028)
• Military and Defense
• Environmental monitoring
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This press release was published on openPR.