US Digital Scent Market Size Analysis, Segmentation, Industry Outlook and Forecast 2019 - 2025

The US digital scent market is estimated to grow at a CAGR of over 15.5% during the forecast period. Advancements in technology in the areas of hardware diminishment and processing power have opened new horizons for the users to experience new kinds of realities with the help of various kinds of devices. The potential applications of such interfaces are huge and key players including Apple, Google and Facebook are investing heavily in developing and augmenting the new platform and to provide enhanced digital services to their customers. With the increasing user demand for experiencing better quality digital experiences, the demand for digital scent technology is expected to increase significantly in the near future in the US.

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Numerous companies such as Aromyx Corporation, Electronic Sensor Technology, Inc., Mood Media Corporation, Smiths Detection Inc., ScentSational Technologies LLC, OwlStone Inc., Sensigent LLC, and others are engaged in the development of digital scents.

Moreover, as the healthcare sector is growing in North America, it is further expected to create opportunities for the growth of digital scent technology. Bio-sensing is one of the applications which is being extensively used in the healthcare industry. Biosensors are basically being used in the healthcare industry for recognizing and tracking the physiological process inside the body. It is basically used for the critical secondary and tertiary analysis of the physiological mechanisms. In 2017, Aromyx Corp. filed a patent with a title of the biosensor for detecting the smell, scent, and taste. The patent relates to the biosensors which are being used for the detection of the odor of mammals including humans, dogs, and others. The invention is also related to the standardization of odor for the smell. The patent also discusses the development of new technology so as to invent new odor so as to use it in numerous other applications.

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The market is segmented on the basis of hardware and end-user. On the basis of end-user, the market is segmented into E-nose and scent synthesizer. Among hardware, the market for E-nose is expected to have the largest market share owing to recent advancements in digital nose technology. Further, on the basis of end-user, the market is segmented into marketing, entertainment, food & beverages, healthcare, and others such as military & defense and environment monitoring.

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