The global digital scent technology market was valued at $ 18.10 million in 2019 and is expected to reach $ 29.88 million in 2025, registering a CAGR of 10.50%, over the projection period 2020-2025.
Digital Scent technology includes end products such as mobile phones, scented screens, music and video games, explosives detectors, quality control products and medical diagnostic products, among others. It gives the user the advantage of smelling the product before purchasing it online. For example, a Californian company Digiscents Inc. has created a small device called iSmell, which has its controller and can be connected via a personal computer via serial ports.
Developments in virtual reality increase the expansion of the market for digital scent technology. Virtual reality improves the characteristics of computers by introducing new concepts, such as the smell of Digi, which is a combination of both hardware and software. The hardware part generates the odor, and the software part makes it possible to create specific signals for distinct scents.
Digital scent technology can also be implemented in retail warehouses to prepare workers to deal with the consequences of machine failure. However, high initial costs and lack of awareness are supposed to hamper market growth. The high price of the electronic nose and the time lags between successive olfactory flavors are some constraints facing the market for digital scent technology.
Recent developments:
Market growth and trends:
Drivers and Market Restraints:
Several factors, such as the application of the electronic nose in the evaluation of the quality of raw materials in the food industry and clinical diagnostics, are driving the growth of the global digital scent technology market. The unpredictability of airflow and chemicals can harm human health, and these are major challenges for companies operating in the market.
The digital scent technology used in defense and clinical diagnostics is relatively expensive and therefore hinders future market expansion. The unpredictability of airflow is another crucial factor that impedes the transmission of digital odors and thus restricts their use. The high cost of the electronic nose and the time between flavors of successive smells are some limitations in the global market for digital scent technology.
Market segmentation:
The global market for digital scent technology can be segmented by types, applications, end-user, and geography.
In terms of type, the market can be segmented into scent synthesizers and electronic noses. The electronic nose or e-nose is a device that analyzes the chemical content of a specific odor and identifies it. The perfume synthesizer is a computing device that is connected to a USB port or a serial port through which scent is emitted every time a user visits the website in question or opens their email account. In terms of type, the electronic nose market segment is expected to have a substantial share of the market due to its intensive use in the defense and healthcare sectors.
In terms of applications, the digital perfume technology market can be segmented into mobile phones, music and video games, quality control products, odor screens, medical diagnostic products, and others. Medical diagnostic products accounted for the largest market share in 2014 due to increased awareness of the early detection of disease by these products. These products are widely used in the health sector. The explosives detector market is expected to record the highest growth rate between 2015 and 2020. Explosives detectors are commonly used in military, defense and security applications. The food and beverage industry uses quality control products to assess raw materials.
Also, in terms of the end-user industry, the market may be segmented into healthcare, entertainment, food and beverage, education, advocacy, and others. In the healthcare sector, digital odor technology is used in aromatherapy to cure certain diseases through the use of different types of odors. In the education sector, digital odor technology is used to teach specific subjects such as botany, geography, and history. In the entertainment industry, digital scent technology helps make a movie or music more realistic. In the defense sector, digital odor technology is used to detect explosives. Digital scent technology finds its maximum use in the health sector, followed by food and drink and defense. The health sector is assumed to hold a sizeable share of the market during the outlook period.
Regional Analysis:
In terms of geography, the global market for digital scent technology can be segmented into North America, Europe, Asia-Pacific, the Middle East, and Africa and Latin America. North America is anticipated to have a significant market share due to the presence of leading players operating in this market. Europe is presumed to follow North America in terms of market share. However, the Asia-Pacific market is foreseen to overgrow during the forecast period due to rapid development and investments in research and development in digital scent technology.
Key players in the market:
The main players in the global digital scent technology market are ScentSational Technologies LLC (United States), Scent Sciences Corporation (United States), Smiths Detection Inc. (United States), Electronics Sensor Technology (United States), Scentcom Ltd. (Israel), The eNose Company (The Netherlands) and AIRSENSE Analytics GmbH (Germany).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Digital Scent Technology Market, By Hardware Devices
6.1.1 E-Nose
6.1.2 Scent Synthesizer
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Digital Scent Technology Market, By End-User
6.2.1 Marketing
6.2.2 Food & Beverage
6.2.3 Entertainment
6.2.4 Education
6.2.5 Healthcare
6.2.6 Communication
6.2.7 Military & Defense
6.2.8 Market Size Estimations & Forecasts (2019-2024)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
6.3 Digital Scent Technology Market, By Application
6.3.1 Mobile Phones
6.3.2 Music and Video Games
6.3.3 Quality Control Products
6.3.4 Odor Screens
6.3.5 Medical Diagnostic Products
6.3.6 Market Size Estimations & Forecasts (2019-2024)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Hardware Devices
7.2.3 By End-User
7.2.4 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Hardware Devices
7.3.3 By End-User
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Hardware Devices
7.4.3 By End-User
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Hardware Devices
7.5.3 By End-User
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Hardware Devices
7.6.3 By End-User
7.6.4 By Application
8. Key Player Analysis
8.1 ScentSational Technologies LLC
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Scent Sciences Corporation
8.3 Smiths Detection Inc.
8.4 Electronics Sensor Technology
8.5 Scentcom Ltd
8.6 The eNose Company
8.7 AIRSENSE Analytics GmbH
8.8 Comon Invent BV
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
