Digital Scent Technology Market 2019 Global Opportunities, Business Strategy, Key Players Analysis, Emerging Trends and Industry Growth with 30% of CAGR by Forecast 2023

“Market Research Future”
Market Research Future published a research report on “Digital Scent Technology Market Research Report- Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Insights

Digital scent technology, also known as olfactory technology is part of engineering sciences with regards to the representation of smells and scents. The technology is being developed to sense, transmit and receive scent which is enabled by digital media in various forms. Market Research Future has predicted the growth of the global digital scent technology market during the forecast period from 2017 to 2023 in its latest report. The report contains various key figures and estimates along with vital details regarding the market’s history, current status, and future. MRFR anticipates growth of the global Digital Scent Technology Market at a CAGR of 30% during the review period. This is estimated to result in a market value of USD 1,080 Mn by the end of 2023.

Various applications for digital scent technology have been identified, and market players have been actively working on developing commercial solutions for the same. Digital scent technology could have a significant impact on healthcare, public security, and in the entertainment industries to name a few. Entertainment applications include the use of digital scent technology to incorporate scents into virtual reality and other audiovisual experiences. In 2016, Aromajoin introduced a wearable scent device, the first of its kind, which can be connected and controlled via smartphones and other personal devices. The company also launched a scent-enables messenger service. Such innovations are rapidly establishing themselves in the market. The incorporation of scent technology is expected to provide consumers with a more immersive experience. In other more vital and utilitarian applications, digital scent technology can be used for the detection of explosives and other unsafe substances. It can also possibly used in the diagnoses of certain diseases. In food and beverage applications, it can be used for quality control purposes. Digital scent technology also has vital applications in education where it can be used to familiarize students with certain scents. This can be useful in specialty training among other applications.

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Notably, the understanding of the human olfactory perception is still somewhat limited and ongoing research in the same combined with ongoing R&D on the part of market players to produce technology which can properly distribute scents is expected to produce large pockets of opportunities in the coming years. However, the growth of the market is likely to be slowed by the development of safe synthetic scents and smells.

Key Players:

Some of the prominent players in the global digital scent technology market are Smiths Detection Inc. (U.S.), Scent Sciences Corporation (U.S.), ams AG (Austria), Alpha MOS SA (France), Electronics Sensor Technology (U.S.), ScentSational Technologies LLC (U.S.), Scentcom Ltd. (Israel), AIRSENSE Analytics GmbH (Germany), Vapor Communications (U.S.), and The eNose Company (the Netherlands).

Market Segmentation

MRFR’s analysis of the global digital scent technology market has been performed by segmenting the market on the basis of product, hardware, end-user, and region. Products in the market include mobile phone, music & video games, explosives detector, medical diagnostics, quality control, and others.

Hardware has been segmented into scent synthesizers and e-nose. The e-nose segment has been further segmented into polymer sensors, metal oxide semiconductor field effect transistor (MOSFET), optical fiber sensor, and piezoelectric sensor. The scent synthesizer segment has been further divided to include cartridge.

End-users of digital scent technology have been segmented into entertainment, food & beverage, communications, education, healthcare, military & defense, and others.

Regional Analysis

The report covers Europe, North America, Asia Pacific, and the Rest of the World. Among these key regions, the North American market was found to be the leader in terms of market size, while the Asia Pacific is slated to grow at the highest CAGR during the forecast period. North America’s market position is primarily due to the presence of a number of market-leading players operating in the region. Moreover, developed economies of the North American market display a high affinity toward the adoption of advanced technology in various applications. The Asia Pacific owes its rapid ascent to the presence of various rapidly developing economies where consumers have increasing disposable incomes and are highly receptive of innovative technology. Other regions are also expected to witness opportunities and growth as the market advances.

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Intended Audience

  • Technology Investors
  • Research/Consultancy firms
  • Consulting service providers
  • Technology Providers
  • System integrators
  • Clinical Diagnostic Centers

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