Press release
Global Digital Olfactory technology Market, Top key players are Alpha MOS (France) ,Airsense Analytics (Germany) ,Odotech (Canada) ,Owlstone Medical (UK) ,Scentee (Japan) ,Food Sniffer (USA) ,Electronics Sensor (USA) ,eNose Company (Netherlands) ,Sensigen
Digital scent technology (or olfactory technology) is the engineering discipline dealing with olfactory representation. It is a technology to sense, transmit and receive scent-enabled digital media (such as web pages, video games, movies and music). This sensing part of this technology works by using olfactometers and electronic noses.
In the past few years, the olfactory technology product is expected to grow at a CAGR of 38.05% from 74.02 million USD in 2017 to reach 97.67million USD by 2025 in global market. The olfactory technology product market is a promising market; the revenue of top ten manufacturers accounts about 38.78% of the total revenue in 2017. The high-end products mainly come from USA and Europe.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the olfactory technology product market to approach these areas. QYR analysis of the olfactory technology product market indicated that Europe and North America would account for the highest sales in 2025 with close to 76 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China and Japan, and are working towards penetrating this market by strengthening their sales and distribution networks.
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Some of the key players operating in this market include: Alpha MOS (France) ,Airsense Analytics (Germany) ,Odotech (Canada) ,Owlstone Medical (UK) ,Scentee (Japan) ,Food Sniffer (USA) ,Electronics Sensor (USA) ,eNose Company (Netherlands) ,Sensigent (USA) ,Scentrealm (China) ,Olorama Technology (Spain) ,Aryballe Technologies (France) ,TellSpec (Canada) ,Sensorwake (France) ,RoboScientific (UK)
The Digital Olfactory technology market was valued at 74 Million US$ in 2018 and is projected to reach 970 Million US$ by 2025, at a CAGR of 38.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Digital Olfactory technology.
This report presents the worldwide Digital Olfactory technology market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
TABLE OF CONTENT:
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 Digital Olfactory technology Production by Regions
5 Digital Olfactory technology Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Value Chain and Sales Channels Analysis
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
13 Key Findings in the Global Digital Olfactory technology Study
14 Appendix
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