December 11 2019
Global Digital Scent Technology Market Research Report: By Product (Mobile Phone, Smelling Screen, Music & Video Game, Explosives Detector, Quality Control Product, Medical Diagnostic), Hardware (E-Nose, Scent Synthesizer), End User – Forecast Till 2023
The global digital scent technology market has been evaluated as a rapidly growing market and is expected to grow at a robust CAGR of 30% over the forecast period of 2017-2023, reveals Market Research Future (MRFR) in an exhaustive research report. Digital scents have been on the rise lately and finding application in various industry verticals especially the healthcare and the military & defense. It is used for detecting explosives and other intentionally harmful substances.
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Digital scents find application in the Food & beverage industry as well. It is used for quality evaluation of raw materials. The healthcare sector too employs digital scents for clinical diagnosis. Recent advancements in design and system integration also provide an impetus to the growth of the market. Other than these significant applications, the digital scent technology also finds application in the education sector and filmmaking to make objects more life-like. However, initial high cost of implementation and lack of awareness regarding the technology are likely to be a possible bottleneck for the market growth. Other restraining factors include health dangers of synthetic odors. These factors, in conjunction, will help the global digital scent technology market attain a valuation of USD 1080 Million by the end of 2023.
The global Digital Scent Technology Market has been segmented based on product, hardware, and end user. By product, the market has been segmented into smelling screen, music, and video game, mobile phone, quality control product, medical diagnostic product, explosives detector, and others. The quality control segment is expected to grow considerably over the forecast period owing to the inflated demand for e-nose based quality assessment techniques for raw materials. By hardware, the market has been segmented into E-nose and scent synthesizer. The E-nose segment has been further segmented into piezoelectric sensor, polymer sensor, optical fiber sensor, and metal oxide semiconductor field effect transistor sensor. The scent synthesizer segment is further segmented into cartridge. By end user, the market has been segmented into marketing, food & beverage, entertainment, education, healthcare, communication, military & defense, and others.
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).
The global digital scent technology market spans across the regions of Asia Pacific, North America, Europe, and the Rest of the World. North America represents the largest market for digital scent technology due to the presence of major players in the region and high adoption of digital scent technology in the region. The region has a well-developed infrastructure which permits faster adoption and implementation of newer technologies. Moreover, the US incurs a very high expenditure on its defense sector which supports the growth of the market in the region. Europe market is also projected to be a profitable one due to the presence of key players in the region coupled with government support for R&D in the region. Asia Pacific is expected to be the fastest growing market for digital scent technology due to high military spending and healthcare expenditure in the region. The other markets are expected to exhibit steady growth over the forecast period.
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TABLE OF CONTENTS
LIST OF FIGURES
FIGURE 1 Global Digital Scent Technology Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Digital Scent Technology Market
FIGURE 4 Value Chain Of Global Digital Scent Technology Market
FIGURE 5 Share Of Global Digital Scent Technology Market In 2017, By Country (In %)
FIGURE 6 Global Digital Scent Technology Market, 2017-2023,
FIGURE 7 Sub Segments Of Product
FIGURE 8 Global Digital Scent Technology Market Size By Product, 2017
FIGURE 9 Share Of Global Digital Scent Technology Market By Product, 2017 TO 2023
FIGURE 10 Global Digital Scent Technology Market Size By Hardware, 2017
FIGURE 11 Share Of Global Digital Scent Technology Market By Hardware, 2017 TO 2023
FIGURE 12 Global Digital Scent Technology Market Size By End User, 2017 TO 2023
FIGURE 13 Share Of Global Digital Scent Technology Market By End User, 2017 TO 2023
Know More about this Report @ http://www.marketwatch.com/story/digital-scent-technology-market-2019-global-trends-sales-revenue-growth-factors-emerging-opportunities-company-profile-future-prospects-and-regional-forecast-2023---13-aug-2019-2019-08-13
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