According to a recent market study published by Growth Market Reports, titled, “Global Digital Olfactory Technology Market by type, by application, by end user, and by Region: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 962.3 Million in 2020 and is anticipated to grow at a growth rate of 9.2% by the year 2028.

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Digital olfactory technology includes scent-enabled digital material, such as web pages, movies, and music, that are sensed, transmitted, and received using digital scent technology. Hardware devices like the e-nose and scent synthesizer are used in the process to assist in the identification and synthesis of a wide range of aromas. It primarily refers to internet-based human-to-human contact. This technology is critical for e-nose since it enables for the transmission of odors over the internet. A scent is produced using digital olfactory technology based on a file that is digitalized during the transmission of that smell via the internet. It uses a USB port to connect to a computer and is set to produce a little amount of odour into the environment.

The Global Digital Olfactory Technology Market has been fragmented based on types, applications, end-users, and region. In terms of types, the Global Digital Olfactory Technology Market is categorized as E-nose and scent synthesizer. In terms of applications, the market is segmented as entertainment, healthcare, food & beverage, environment, and others. In terms of end-users, the market is categorized as smartphones, smelling screens, music and video games, explosives detectors, quality control products, medical diagnostic products, and others. Considering regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. COVID-19 has a moderate impact on the industry due to the simultaneous reduction of supply and demand. Researchers in several countries are focused on developing efficient and affordable devices like e-nose, which detects COVID-19 patients based on the disease's distinct olfactory characteristic. These advancements are expected to have a big impact on the medical sector. The COVID-19 pandemic caused a slight slowdown in market expansion. Once these sectors having recovered from the pandemic's effects, the market for other end-user industries is likely to restore its growth rate.

As per growth market reports industry analyst Sakshi Bhoyar, “The expanding consumer market, entertainment, healthcare and virtual reality industry are expected to contribute to the growth of the Global Digital Olfactory Technology Market. In a multi-channel sales approach for the digital olfactory technology market, e-commerce, distributor networks, and DRTV are used. The supply chain in developed regions has been accelerated by the addition of large suppliers, manufacturers, and distributors, the availability of raw materials, and the presence of integrated logistics.

Key Takeaways from the Study:

  • The players in the digital olfactory technology market include Alpha MOS, Aryballe technologies, The eNose Company, Envirosuite Pty Ltd, FOODSniffer, Olorama Technology Ltd., Owlstone Medical Ltd, Sensigent LLC, ScentRealm, AIRSENSE Analytics GmbH, Aromajoin Corporation., and others. These players hold a major market share of the digital olfactory technology market in the year 2020.
  • Recent technological advancements in the digital olfactory technology market include MEMS (micro-electromechanical systems) and NEMS (nano-electromechanical systems) based e-noses. The market is likely to be driven by improved technologies in e-noses, which are utilized in the medical and food & beverage industries for detecting diseases and early detection of infections.
  • In terms of types, the market is segmented into as E-nose and scent synthesizer. In 2020, The E- Nose segment held a significant market share and is expected to grow with a substantial CAGR over the forecast period.
  • Based on applications, the Global Digital Olfactory Technology Market is fragmented into entertainment, healthcare, food & beverage, environment, and others. The food and beverage segment is expected to grow rapidly over the forecast period due to the increased use of olfactory technology in food industry for quality assurance in manufacturing and storage.
  • In terms of regions, the Global Digital Olfactory Technology markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America hold a significant share of the global market in 2020, due to increased technological advancements and emergence of key players in the region.

Report Scope:

Report Metric

Details

Market Value in 2020

US$ 962.3 Million

Market Growth Rate (from 2020 to 2028)

9.2%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (US$ Million)

Market Segments

By Type, By Application, By End User and by region

Key Companies Profiled

Alpha MOS, Aryballe technologies, The eNose Company, Envirosuite Pty Ltd, FOODSniffer, Olorama Technology Ltd., Owlstone Medical Ltd, Sensigent LLC, ScentRealm, AIRSENSE Analytics GmbH, Aromajoin Corporation., and others

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, and Supplier
  • Demand Side: Healthcare, Consumer Electronics, and Others.
  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.
  • Associations and Industry Bodies: Federal Legislation of the US Government and others.