Pune, India -- (SBWire) -- 07/30/2018 --Market Scenario
After enhancements in the virtual reality experience, the digital sense technology is targeting the nose. Digital scent technology makes use of hardware devices in order to sense and generate different types of smells. Products like e-nose and scent synthesizer are used to sense, receive or transmit smell through a digital medium.
Smiths Detection Inc., Scent Sciences Corporation, ams AG, Alpha MOS SA, Electronics Sensor Technology, and ScentSational Technologies LLC are a few major players in the global Digital Scent Technology Market. A lot of companies are investing in the digital scent technology market. Also, application of e-nose in the security and military sectors is another factor that will help in driving the growth of digital scent market. Rising adoption of smart devices is another major factor driving the growth of digital scent technology market. Also, growing demand for quality assessmnets with the help of e-nose and scent synthesizers is set to drive the growth of the digital scent technology market.
The product segment in the digital scent technology market comprises of mobile phone, smelling screen, music and video game, explosives detector, quality control product, medical diagnostic product, and others. The quality control product sub-segment of the global digital scent technology market is expected to grow at a significant rate during the forecast period. This is owing to the increasing demand for e-nose based quality assessment techniques for raw material which help in saving the wastage of food and also help in improving its quality. Also, the growing trend of adoption of digital devices such as smartphones is one major factor driving the growth of digital scent technology market.
The North American region holds the largest share of the market across the globe followed by Europe, and Asia Pacific region. The U.S. and Canada are dominating the North America market due to rising technological enhancements and growing adoption of artificial intelligence in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of smart grid deployment is another major factor driving the growth of digital scent technology market in the region.
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The global digital scent technology market is expected to grow at a CAGR of approximately 30% during the forecast period 2017-2023.
Industry Updates:
Jan 2017 Aryballe Technologies which is a French based startup, is addressing a gap in the market in the field of increasingly smart devices. Aryballe has created a "digital nose," which is capable of measuring and recognizing odors as well as storing all these smells in a dedicated database. The product called Neose which is a mobile device that has the ability to detect up to 350 different smells in about 15 seconds. The company uses patented technology which copies the working of a human nose by the use of an array of biochemical sensors and combination of optical resonance technology, smart artificial intelligence-matching algorithms for identification and cloud database of "odor signatures".
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).
Industry Segments
The digital scent technology industry is segmented into the segments of hardware, product, and end user. The product segment of the market comprises of smelling screen, explosives detector, mobile phone, music and video games, medical diagnostic product, quality control product and others. The hardware segment of the digital scent technology has segmented the industry into scent synthesizer and E-nose. The e-nose segment consists of piezoelectric sensor, optical fiber sensor, polymer sensor and metal oxide semiconductor field effect transistor (MOSFET) sensor whereas, the scent synthesizer includes cartridge. Lastly on the basis of end user, the industry is segmented into food & beverage, entertainment, marketing, education, communication, healthcare, military & defense among others.
Detailed Regional Analysis
The digital scent technology industry globally includes regions such as North America, Asia Pacific, Europe, and Rest of the World. The North American region is projected to account for a major share of the market, while the Asia Pacific region is expected to expand at the fastest rate through the forecast period. The development of the industry in the North American region is credited to the technological developments and heightened adoption of digital scent technology applications across various industry verticals.
Global Competitive Analysis
Competitors who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario, while also simultaneously delivering customer value unfailingly. The ability to sustain their competitive edge is one of the main causes fuelling their efforts in this period. The scope for development in the industry appears to be promising through the forecast period. The rising interest for diversification in the industry, has indirectly allowed the players to utilize many prospects available in the industry. This scenario has created opportunities for portfolio improvements along with diversification in the sector, which has improved the scenario for market competitors tremendously in this industry. The organizations in this industry are also trying to enhance and maintain financial liquidity that can be crucial to invest in growth opportunities as and when they become available.
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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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Digital Scent Technology Market 2018: Historical Analysis, Global Overview, Business Growth, Emerging Technologies, Competitive Landscape and Trends by Forecast 2023