Research Nester published a report titled “Digital Scent Technology Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global digital scent technology market in terms of market segmentation by product, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global digital scent technology market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of end-user into healthcare, food & beverage, manufacturing, and others, out of which, the manufacturing segment is anticipated to hold a notable share in the market on account of rapid shift towards online or distant buying, along with growing consumption of chemicals, pesticides, and other products.
The global digital scent technology market is estimated to grow on the back of growing adoption of advanced technology, including virtual reality and artificial intelligence, along with constant innovation in technology. Digital scent technology is used for diagnosing diseases and detecting explosives effectively, which is estimated to boost the market growth. Various applications of this technology, such as, defense, and pharmaceutical, are also estimated to boost the market growth.
On the basis of geographical analysis, the global digital scent technology market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these, the market in the North America is estimated to gain the largest share over the forecast period owing to advancement in technology, along with the presence of major market players in the region. The market in the Asia Pacific region is anticipated to experience growth with highest CAGR over the forecast period, owing to the growing technical awareness amongst the developing countries.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
New Innovations in Technology to boost the Market Growth
Digital scent technology enables one to smell a product remotely, using various software, such as, e-nose. The increasing adoption of advanced virtual reality technology is estimated to fuel the market growth. However, delay in functioning and lack of awareness are expected to operate as key restraint to the growth of the global digital scent technology market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global digital scent technology market which includes company profiling of Envirosuite Limited, the eNose Company, Scent Sciences Corp., Aromajoin Corporation, Electronic Sensor Technology, ams AG, Smith’s Detection Group Ltd., Alpha MOS, AIRSENSE Analytics GmbH, and ScentSational Technologies.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital scent technology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.