According to the new market research report "Digital Scent Technology Market with COVID-19 Impact Analysis, by Hardware Device (E-nose, Scent Synthesizer), End-use Product (Smartphone, Smelling Screen), Application (Medical, Entertainment, Food & Beverage), and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the Digital Scent Technology Market is expected to grow from USD 1.0 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 9.2%. The market growth can be attributed to several factors, such as expanding application and advancements in e-nose technologies, increasing use of e-nose devices for disease diagnostic applications, and emerging R&D activities to invent e-nose to sniff out COVID-19, and rising use of e-nose in food industry for quality assurance in production, storage, and display.
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Smart phones segment
to grow with the highest CAGR during the forecast period
On the basis of
end-use product, the market is categorized into smartphones, smelling screens
music and video games, explosives detectors, quality control products, medical
diagnostic products, and others. The usage of digital scent technology products
in food & beverages, medical, and marketing applications has boosted the
smartphones segment. A sensor or e-nose can help detect scents through a
smartphone app, to help users choose products. A team of scientists from Nanyang Technological University (Singapore), in collaboration with scientists from Jiangnan
University (China) and Monash University (Australia), developed an e-nose that scans the barcode on
fish, chicken, and beef. To make it a portable process, the team developed a
smartphone app that can yield results in about 30 seconds and has 98.5%
accuracy.
Medical application
to hold the largest share of the market during forecast period
On the basis of
applications, the market is categorized into food & beverage, military
& defense, medical, marketing, environmental monitoring, entertainment, and
others. E-nose is widely used in the healthcare segment due to an increasing
demand for cost-effective, accurate, and non-invasive methods of diagnosis. The
medical segment accounted for the largest market share in 2020 due to the
increased adoption of digital scent technology in medical diagnosis, patient
treatment selection, and metabolic disorders nutritional status. This
application constitutes of the maximum developments and innovations of digital
scent technology products by mostly start-ups and a few major companies.
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TOC on "Digital Scent Technology Market"
132
– Tables
58 – Figures
189 – Pages
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North
America is leading the
digital scent technology market in 2020
North
America held the
largest share in the digital scent technology market in 2020. North America is expected to continue to dominate the
digital scent technology market during the forecast period due to the presence
of various key players in the region. The major factors which are fueling the
growth of the market are rising adoption of enhanced digital services by
customers, use of biosensors for early detection of diseases, strict regulatory
environment with regards to indoor air quality in the US, and significant
e-nose developments with respect to applications in the medical and agriculture
industries.
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