The global digital scent technology market is projected to witness a rapid growth during the forecast period owing to increasing demand for digital scent technology. Moreover, increasing demand for digital scent technology solutions across various industry verticals is driving the growth of the global digital scent technology market.
The global digital scent technology market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. The market in North America is expected to hold the largest amrket share and witness a significant rise in growth of the global market during the forecast period. In North America region, the U.S and Canada are expected to drive the growth of the Digital Scent Technology Market owing to the presence of a large number of established key players such as Ge Smiths Detection Inc., Scent Sational Technologies LLC, and Scent Sciences Corporation in this region. Due to well-established economies in the region, the market is likely to show immense growth in the coming future. Also, the region has well-established infrastructure, which allows higher penetration of devices and ultimately provides better connectivity. The growth of the market is also attributed to increasing e-nose applications for clinical diagnosis and growing adoption of digital scent technology products by end users. In the global digital scent technology market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to increasing implementation of e-nose based quality assessment techniques for raw material across different countries in the region.
The global digital scent technology market is projected to reach USD 1,080 million at a CAGR of over 30% by the end of the forecast period 2017-2023.
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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).
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.
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.
- Technology Investors
- Research/Consultancy firms
- Consulting service providers
- Technology Providers
- System integrators
- Clinical Diagnostic Centers
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Digital Scent Technology Market
5 Industry Overview Of Global Digital Scent Technology Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
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