Digital Scent Technology Market Size, Status, Price, Key Findings and Industry Outlook 2023
Digital Scent Technology Market Overview
The global study of the Digital Scent Technology Market reveals a possibility of scaling up to USD 1,080 million mark by 2023 by scaling with a 30% CAGR during the forecast period involving 2018 to 2023. Market Research Future (MRFR) includes a discussion of various factors like the demand from food & beverage sector, the influence of the retail sector, impact of the entertainment industry, adoption of smart devices, use of it in security and defense, and others are expected to bolster the market growth. The digital scent technology industry is further expected to profit from rising investment in research and development.
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Segmentation:
The global digital scent technology market was studied on the basis of segments like hardware, product, and end user. Analyses gathered from these segments are expected to influence growth patterns and future trends.
By product, the understanding of the digital scent technology market includes segments like smelling screen, mobile phone, explosives detector, music and video games, medical diagnostic product, quality control product, and others.
By hardware, the study of the digital scent technology market comprises E-nose and scent synthesizer. The e-nose segment includes polymer sensor, piezoelectric sensor, optical fiber sensor, and metal oxide semiconductor field-effect transistor (MOSFET) sensor. The scent synthesizer includes segments like a cartridge.
Based on the end user, the digital scent technology market includes a study of food & beverage, marketing, education, healthcare, entertainment, military & defense, communication, and others. The food & beverage industry is expected to invest more in the market.
Regional Analysis:
North America generates maximum revenue for the digital scent technology market as countries like Canada and the US are spending much to include the system in their mainframe. In addition, the market has traction from countries in Europe and Asia Pacific, which will transform the market outcomes.
Competitive Landscape:
Scent Sciences Corporation (U.S.), Smiths Detection Inc. (U.S.), Electronics Sensor Technology (U.S.), ams AG (Austria), Alpha MOS SA (France), Scentcom Ltd. (Israel), ScentSational Technologies LLC (U.S.), Vapor Communications (U.S.), AIRSENSE Analytics GmbH (Germany), and The eNose Company (the Netherlands) are brands that take their strategic plannings seriously and use to it make a mark in the global digital scent technology market.
Industry News:
In July 2020, Aromajoin, Japanese digital scent startup, declared that it would open sales of its scent delivery system known as the Aroma Shooter. This tool already has a substantial follower in the retail, fragrance, and entertainment industries, but now anyone across the world can purchase it and use it. The company is also launching a matte black finish that is expected to trigger substantial growth. The Aroma Shooter is a 6-chamber aroma emitter that uses no liquid media. It simply transports scented air on command and it is difficult to mix it with odors unintentionally.
This recent trend of digital scent has got the eyes of the food and beverage industry and that is visible from the interest shown by food manufacturing companies in Aryballe's digital olfaction technology. The technology has the ability to sense and match scents. The brand has this capacity to create segments for scents, which is something the food industry wants to use to create flavors and test new resources.
This new technology, however, may find some disturbances created by the COVID-19 scenario, as a restraining factor. The crisis may lead to a financial slump and people may reduce their consumption to prepare for the worse. Such actions would impact market outcomes in adverse ways.
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