Northbrook, IL -- (SBWire) -- 01/29/2019 --The total digital scent technology market was valued at $156 million in 2014 and is expected to reach $691 Million by 2020, at a CAGR of 30.4% between 2015 and 2020.
The Digital Scent Technology market is expected to register a significant growth in the next five years. The digital scent technology uses hardware devices such as e-nose and scent synthesizer to sense and generate different types of smells.
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The e-nose is an array of gas sensors such as polymer sensors, piezoelectric sensors, metal oxide semiconductor field effect transistor (MOSFET) sensors, and optical fiber sensors. E-noses are widely used by end-users such as military & defense, healthcare, and food & beverage. Scent synthesizers use a cartridge to generate smells. The market for e-noses is expected to grow at a high rate during the forecast period due to continuous technological advancement and decreasing cost.
The report describes the market trends, drivers, restraints, challenges, and opportunities with respect to the Digital Scent Technology market along with the market size forecast till 2020. This global report provides a detailed view of the market across the four regions, namely- North America, Europe, Asia-Pacific, and RoW. North America and Europe are the largest regions in terms of the market size. Europe and APAC have been identified as fastest growing regions. The report also profiles the most promising players in the digital scent technology market.
The competitive landscape of the digital scent technology market presents a very interesting picture, where a large number of players have become a force to reckon with. The market has been witnessing numerous new product launches by major players.
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Major players in the digital scent technology market include 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), and The eNose Company (Netherlands).
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Digital Scent Technology Market - Growth Analysis, Trends, Forecast to 2020