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Digital Scent Technology Market to Register an Impressive CAGR of 28.8% During 2018 – 2026 (AMS AG, Scent Sciences Corporation, Scentcom, Electronic Sensor Technology, L-3 Technologies, Scentsational Technologies, The Enose Company)

11-18-2018 10:25 AM CET | IT, New Media & Software

Press release from: Market Prognosis

Global Digital Scent Technology Market Highlights
Global Digital Scent Technology market is accounted for $320.24 billion in 2017 and is expected to reach $3115.15 billion by 2026 growing at a CAGR of 28.8% during the forecast period. Widespread use of digital scent technology in defense and security, demand for e-nose application for diagnosis in medical and e-nose based superiority assessment of raw material in the food & beverage business are the key driving factors for the market growth. However, high cost of electronic nose and unpredictability of air flow are hampering the market growth.

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The digital scent technology utilizes hardware equipment such as scent synthesizer and e-nose to sense and produce various kinds of smells. Digital scent technology is a technology to sense, transmit and receive scent-enabled digital media such as web pages, movies & music. The technology uses hardware devices consisting of gas sensors such as e-nose and scent synthesizer, which help in sensing and generating different types of smells.

Top Players:
Some of the key players profiled in the Digital Scent Technology market include AMS AG, Scent Sciences Corporation, Scentcom Ltd, Electronic Sensor Technology, L-3 Technologies, Inc, Scentsational Technologies, The Enose Company, Alpha MOS SA, Airsense Analytics GmbH, Smiths Detection Inc, OSI Systems, Inc, Cobham PLC, FLIR Systems, Inc, Westminster International Ltd, Nuctech Company Ltd, Analogic Corporation, Chemring group PLC and NOVO DR Ltd.

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Market Segmentation:
Amongst hardware device, E-noses segmented held significant market share during predicted period owing to continuous technological advancement and decreasing cost. By geography, North America acquired the largest market share during the forecast period. The U.S. and Canada are dominating due to increasing acceptance of artificial intelligence in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of sophisticated technologies.

Hardware Devices Covered:
• Scent Synthesizer
• E-Nose

Products Covered:
• Medical Diagnostic Product
• Quality Control Product
• Explosives Detector
• Music and Video Game
• Smelling Screen
• Mobile Phone
• Other Products

End Users Covered:
• Military & Defense
• Communication
• Healthcare
• Education
• Food & Beverage
• Entertainment
• Marketing
• Other End users

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
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