Digital Scent Technology Market to hit USD 1.5 billion by 2026 - Global Insights on Trends, Regulatory Landscape, COVID-19 Impact Analysis, Strategic Initiatives, Growth Drivers, and Future Outlook

Digital Scent Technology Market with COVID-19 Impact Analysis, by Hardware Device (E-nose, Scent Synthesizer), End-use Product (Smartphone, Smelling Screen), Application (Medical, Entertainment, Food & Beverage), and Geography - Global Forecast to 2026

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Some of the major players in the digital scent technology market include ams AG (Austria), Smiths Detection (US), Alpha MOS SA (France), AIRSENSE Analytics GmbH (Germany), ScentSational Technologies (US), Electronic Sensor Technology (US), Aromajoin Corporation (Japan), Scent Sciences Corporation (US), The eNose Company (The Netherlands), Odotech Inc. (Canada), and so on.

“increasing use of e-nose devices for disease diagnostic applications to drive market for digital scent technology”

The digital scent technology market is expected to grow from USD 1.0 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 9.2%. The market growth can be attributed to several factors, such as rising use of e-nose in food industry for quality assurance in production, storage, and display, expanding application and advancements in e-nose technologies, increasing use of e-nose devices for disease diagnostic applications, and emerging R&D activities to invent e-nose to sniff out COVID-19. However, Hazardous chemicals used by scent synthesizers and unpredictability of airflow may create hurdles for the market.

The recent COVID-19 pandemic is expected to impact the global digital scent technology market. Due to COVID-19, the manufacturing units of major players are highly hampered due to worldwide lockdown and limited availability of labor and raw material. A number of scheduled product launches and related developments have been postponed due to the pandemic. However, the impact of COVID-19 is expected to reduce during the forecast period.

E-nose hardware device to account for largest share of digital scent technology market during forecast period

Based on the hardware device, the digital scent technology market has been divided into e-nose and scent synthesizer. E-nose held the highest share in 2020. The application of e-nose in military & defense is expected to grow due to the increasing adoption of e-noses for detecting explosives. Manufacturers are targeting to reduce the cost to half of the present cost; this would be a driver for the high growth rate of the e-nose application in military & defense. Additionally, government findings are supporting research activities to promote the growth of e-nose. For instance, the Australian government funded a team of researchers from the University of Tasmania to build a prototype e-nose to smell soil and turn gas emissions into microbial health metrics.

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Medical diagnostic product segment to hold largest share of digital scent technology market during forecast period

.E-nose is a promising technology in its potential to assist in diagnosis. The early detection of diseases greatly increases the chances for a successful treatment; thus, there is a demand for simple, fast, and qualitative diagnostic procedures. E-noses help people manage their health more effectively and give doctors and healthcare professionals in-depth information about their patients. Increasing incidences of diseases such as TB and cancer are driving the use of medical diagnostic products based on digital scent technology.

Environmental monitoring application to grow at highest CAGR during forecast period

On the basis of applications, the market is categorized into food & beverage, military & defense, medical, marketing, environmental monitoring, entertainment, and others. The e-nose technology is used for environmental monitoring by providing real-time sensing for public health and safety alerts. It detects multiple indoor and outdoor airborne toxins such as nitrogen oxides, ozone, formaldehyde, indoor VOCs, methane, and hydrocarbons.

APAC is expected to register highest CAGR in the market during forecast period

Among all regions, APAC is expected to register the highest growth in the digital scent technology market during the forecast period. Technological advancements and elevating use of electronic noses for agriculture and food & beverage applications fuel the growth of the digital scent technology market in APAC. However, the high cost of digital scent technology-based products could serve as a restraint for the growth of the market in this region as the population in the region is price sensitive.

Research Coverage:

In this report, the digital scent technology market has been segmented on the basis of hardware device, end-use product, application, and geography. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the digital scent technology ecosystem.

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