Digital Scent Technology Market 2018 by Global Leaders: Scentcom, Alpha MOS SA, Smiths Detection, Scent Sciences, ams AG, Vapor Communications, The eNose Company

Market Research Future published a research report on “Digital Scent Technology Market Research Report- Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Digital Scent Technology Market – Overview

Development of the virtual reality sector has opened up new avenues for growth, one of which is the digital scent technology industry. Market Research Future which focusses on reports for the market connected to the semiconductors & electronics sector among others lately made available a report on this sector. The industry is anticipated to expand at a CAGR of 30 percent approximately in the forecast period.

Growing use of smart devices has provided an impetus for the development of the market. High penetration of devices has increased its application range to sectors such as military and clinical applications. Rising need to enable technology to achieve more has fuelled the development of this sector. Creation of a better internet structure will fuel a higher rate of development through uninterrupted technological progress and shrinking costs through the forecast period.

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Digital Scent Technology Market Segmentation

The global digital scent technology market is segmented on the basis of product, hardware, and end user. However, the hardware segment is classified into e-nose and scent synthesizer. The e-nose segment comprises of optical fiber sensor, piezoelectric sensor, polymer sensor and mosfet sensor. Whereas, the scent synthesizer comprises of cartridge. Increasing demand for implementation of digital scent technology across different industry verticals is driving the growth of digital scent technology market. This is owing to the efficiency being offered by e-nose that helps in providing quality assessment techniques.

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).

Market Research Analysis

North America is estimated to account for the largest share of the market, whereas the Europe market is poised to grow at the highest rate during the forecast period. North America region is witnessing rapid growth owing to the advancements in technology and rise in applications of e-nose in the security and military sectors in this region. The U.S. holds the majority of market share both in terms of revenue as well as owing to the increased demand for digital scent technology.

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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