Global Digital Olfactory Technology Market by Type (E-nose and Scent Synthesizer), by Application (Entertainment, Healthcare, Food & Beverage, Environment, and Others), By End-user Products (Smartphones, Smelling Screens, Music and Video Games, Explosives Detectors, Quality Control Products, Medical Diagnostic Products, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028
Digital Olfactory Technology Market Outlook
The global Digital Olfactory Technology market was valued at USD 962.3 million in 2020 and is projected to reach USD 1,896.6 million by 2028, expanding at a CAGR of 9.3% during the forecast period. Digital scent technology is used for detecting and generating scents by utilizing software program and hardware devices.
Hardware devices generate scents with the help of a software program which is installed in electronic products such as smartphones, computer systems, and tablets. E-noses and scent synthesizers are the key hardware devices used in digital scent technology. During the projection period, the market is expected to be driven by growth in the entertainment industry, as well as advancement from analogue to digital technology and technological advancements.
Digital Olfactory Technology Market Macro-economic Factors
Technological Advancement
Investing in new technology and product development is a source of growth for businesses. Traditional technology is being improved, while new prospects in the technology, media, and telecommunications industries are being explored. Designers are focusing on making software that is easy to use. Technological improvements assist a wide range of sectors around the world, as well as market expansion.
Coronavirus
Covid-19 is affecting the broadcast equipment, and the impact is worsening on the Digital Olfactory Technology market. Furthermore, the disruption in the supply chain has had a negative impact on the supply of manufacturing components and finished products throughout the region. As a result, the outbreak of the COVID-19 pandemic had a negative impact on the global market.
Furthermore, Investors were restricted from investing in the industries, and the key players in the market were extremely worried. Investment in security and surveillance, retail, and media and entertainment are typically high across the region, due to the COVID-19 pandemic, which reduced end-user investments in innovative and advanced products and technologies.
Scope of Digital Olfactory Technology Market Report
Attributes |
Details |
Report Title |
Digital Olfactory Technology Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
By Type (E-nose and Scent Synthesizer), By Application (Entertainment, Healthcare, Food & Beverage, Environment, and Others), By End-user Products (Smartphones, Smelling Screens, Music and Video Games, Explosives Detectors, Quality Control Products, Medical Diagnostic Products, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
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 |
Digital Olfactory Technology Market Dynamics
Market Driver
-
Rising use of E-nose technology for quality assurance, storage, and production in food industry
Electronic noses have recently emerged as a potential technology for a number of food quality control and tracking applications, including microbial contamination detection, and the industry is likely to grow. Chemical and biosensor technologies have arisen as options for food quality management due to their ease of use, low cost, rapidity, and excellent correlation with sensory panels.
Electronic noses (ENs) are scent detection devices that combine semi-selective gas sensors with a pattern-recognition algorithm. Process monitoring, freshness evaluation, shelf-life study, authenticity determination, and product traceability are all done with e-noses in the food business. As a result, the market is likely to be driven by the growing use of E-nose technology in the food industry for quality assurance, storage, and production.
- Increasing R&D activities to develop an e-nose to detect COVID-19
Many countries are focused on developing portable technology, such as e-nose, that can detect people with COVID-19 based on the disease's particular smell signature. Research and development advances are expected to have a substantial impact on the healthcare industry.
Based on previous research with a general E-nose, it's thought that an optimized E-nose can provide accurate real-time diagnoses in areas like airports, workplaces, and cultural events, potentially aiding social and economic recovery during the COVID-19 pandemic. As a result, the market is predicted to grow as R&D activities to create an e-nose to detect COVID-19 increase.
Market Restraint
High cost associated with digital olfactory technology and Unpredictability of air flow
The high cost and cheap availability of replacements for detecting explosives in military and defense applications are projected to stifle the growth of the digital olfactory technology industry. The adoption of electronic noses has stalled significantly in numerous industries because to their exorbitant cost.
The high cost of an electronic nose is a major concern that is limiting the market's growth to some extent. Scents are nice on their own; nevertheless, when blended, they are unpleasant. As a result, the market is likely to be restrained during the projection period due to the unpredictability of air flow.
Market Opportunity
Growth opportunities of E-noses in environmental monitoring, and Applications of E-nose in security and military sectors
Analysis of environmental quality parameters, process control, and evaluation of odor control system efficiency are all examples of applications in the environmental field. The majority of electronic noses are used for air analysis. They are used to determine the water's purity. In these cases, the characteristics of the water are recognized by using an electronic nose in the head space above the water or equipment with a matrix of liquid sensors that function similarly to human taste sensors.
As a result of the market's increasing potential for E-noses in environmental monitoring, the market grew. In the security and military sectors, as well as for illness diagnosis, digital olfactory technology is used. As a result, in both public and military circumstances, police and military personnel use digital scent technology to detect bombs.
The use of fragrances as password generators is a novel method to security that has been developed and tested. It is anticipated to open up new market opportunities for dozens of OTT platforms with more paying subscribers in the future.
Digital Olfactory Technology Market Segmental Outlook
In terms of types, the digital olfactory technology market is segmented into E-nose and scent synthesizer.
The hardware segment had a substantial market share in 2020 and is probable to grow at a significant CAGR over the forecast period, Modeling languages or programming are frequently used to describe hardware circuits as digital hardware design becomes more similar to software design. Additionally, adopting a hardware video wall controller provides high performance.
Based on applications, the digital olfactory technology market is segmented into entertainment, healthcare, food & beverage, environment, and others.
Applications of digital olfactory technology in environmental monitoring, security, and military sectors are providing lucrative prospects for market players. Use of digital olfactory technology in biomarker for lung cancer diagnostics is expected to drive the market. Environmental protection, biomedical diagnosis, people safety, and product development are some of the factors that are propelling the market growth.
In terms of end-user products, the digital olfactory technology market is segmented into smartphones, smelling screens, music & video games, explosives, detectors quality control products, medical diagnostic products, and others.
Usage of smelling screen in advertising displays and museum exhibits is expected to drive the market. Widespread utilization of digital scent technology in medical diagnostic products and detectors quality control products is estimated to create growth opportunities in the market during the forecast period. Use of nano sensors as a potential and effective platform for explosive trace detection is expected to boost the market in upcoming years.
Digital Olfactory Technology Market Regional Outlook
Based on regions, the global digital olfactory technology market is segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for a significant share of the market in 2020 and the market in Asia Pacific is anticipated to expand at a substantial CAGR during the forecast period. North America holds a large share of the global market, which is attributed to the strong demand for digital scent technology in the region that originates mostly from end-users in the food and beverage, medical, marketing, and entertainment industries.
In 2020, the market in countries such as Germany and the UK grew substantially, owing to ongoing research activities to develop low-cost odor sensors and increasing focus on development of electronic noses for applications in food industry. Extensive R&D operations carried out by various companies in Europe are projected to drive the market in Europe, benefiting manufacturers in product development.
For example, Alpha MOS SA (France) developed an E-nose to determine the influence of chimney smoke on human health by installing two e-noses in chimneys that operate as biofilters to filter hazardous scents.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Digital Olfactory Technology Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Olfactory Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Olfactory Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Olfactory Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Olfactory Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Olfactory Technology Market Size & Forecast, 2018-2028
4.5.1 Digital Olfactory Technology Market Size and Y-o-Y Growth
4.5.2 Digital Olfactory Technology Market Absolute $ Opportunity
Chapter 5 Global Digital Olfactory Technology Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Digital Olfactory Technology Market Size Forecast By Types
5.2.1 E-nose
5.2.2 Scent Synthesizer
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Digital Olfactory Technology Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Digital Olfactory Technology Market Size Forecast By Application
6.2.1 Entertainment
6.2.2 Healthcare
6.2.3 Food & Beverage
6.2.4 Environment
6.2.5 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Digital Olfactory Technology Market Analysis and Forecast By End-user Products
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End-user Products
7.1.2 Basis Point Share (BPS) Analysis By End-user Products
7.1.3 Absolute $ Opportunity Assessment By End-user Products
7.2 Digital Olfactory Technology Market Size Forecast By End-user Products
7.2.1 Smartphones
7.2.2 Smelling Screens
7.2.3 Music and Video Games
7.2.4 Explosives Detectors
7.2.5 Quality Control Products
7.2.6 Medical Diagnostic Products
7.2.7 Others
7.3 Market Attractiveness Analysis By End-user Products
Chapter 8 Global Digital Olfactory Technology Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Digital Olfactory Technology Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Digital Olfactory Technology Analysis and Forecast
10.1 Introduction
10.2 North America Digital Olfactory Technology Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Digital Olfactory Technology Market Size Forecast By Types
10.6.1 E-nose
10.6.2 Scent Synthesizer
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 North America Digital Olfactory Technology Market Size Forecast By Application
10.10.1 Entertainment
10.10.2 Healthcare
10.10.3 Food & Beverage
10.10.4 Environment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America Digital Olfactory Technology Market Size Forecast By End-user Products
10.14.1 Smartphones
10.14.2 Smelling Screens
10.14.3 Music and Video Games
10.14.4 Explosives Detectors
10.14.5 Quality Control Products
10.14.6 Medical Diagnostic Products
10.14.7 Others
10.15 Basis Point Share (BPS) Analysis By End-user Products
10.16 Absolute $ Opportunity Assessment By End-user Products
10.17 Market Attractiveness Analysis By End-user Products
Chapter 11 Europe Digital Olfactory Technology Analysis and Forecast
11.1 Introduction
11.2 Europe Digital Olfactory Technology Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Digital Olfactory Technology Market Size Forecast By Types
11.6.1 E-nose
11.6.2 Scent Synthesizer
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Europe Digital Olfactory Technology Market Size Forecast By Application
11.10.1 Entertainment
11.10.2 Healthcare
11.10.3 Food & Beverage
11.10.4 Environment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe Digital Olfactory Technology Market Size Forecast By End-user Products
11.14.1 Smartphones
11.14.2 Smelling Screens
11.14.3 Music and Video Games
11.14.4 Explosives Detectors
11.14.5 Quality Control Products
11.14.6 Medical Diagnostic Products
11.14.7 Others
11.15 Basis Point Share (BPS) Analysis By End-user Products
11.16 Absolute $ Opportunity Assessment By End-user Products
11.17 Market Attractiveness Analysis By End-user Products
Chapter 12 Asia Pacific Digital Olfactory Technology Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Digital Olfactory Technology Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Digital Olfactory Technology Market Size Forecast By Types
12.6.1 E-nose
12.6.2 Scent Synthesizer
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Asia Pacific Digital Olfactory Technology Market Size Forecast By Application
12.10.1 Entertainment
12.10.2 Healthcare
12.10.3 Food & Beverage
12.10.4 Environment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific Digital Olfactory Technology Market Size Forecast By End-user Products
12.14.1 Smartphones
12.14.2 Smelling Screens
12.14.3 Music and Video Games
12.14.4 Explosives Detectors
12.14.5 Quality Control Products
12.14.6 Medical Diagnostic Products
12.14.7 Others
12.15 Basis Point Share (BPS) Analysis By End-user Products
12.16 Absolute $ Opportunity Assessment By End-user Products
12.17 Market Attractiveness Analysis By End-user Products
Chapter 13 Latin America Digital Olfactory Technology Analysis and Forecast
13.1 Introduction
13.2 Latin America Digital Olfactory Technology Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Digital Olfactory Technology Market Size Forecast By Types
13.6.1 E-nose
13.6.2 Scent Synthesizer
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Latin America Digital Olfactory Technology Market Size Forecast By Application
13.10.1 Entertainment
13.10.2 Healthcare
13.10.3 Food & Beverage
13.10.4 Environment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America Digital Olfactory Technology Market Size Forecast By End-user Products
13.14.1 Smartphones
13.14.2 Smelling Screens
13.14.3 Music and Video Games
13.14.4 Explosives Detectors
13.14.5 Quality Control Products
13.14.6 Medical Diagnostic Products
13.14.7 Others
13.15 Basis Point Share (BPS) Analysis By End-user Products
13.16 Absolute $ Opportunity Assessment By End-user Products
13.17 Market Attractiveness Analysis By End-user Products
Chapter 14 Middle East & Africa (MEA) Digital Olfactory Technology Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Digital Olfactory Technology Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Digital Olfactory Technology Market Size Forecast By Types
14.6.1 E-nose
14.6.2 Scent Synthesizer
14.7 Basis Point Share (BPS) Analysis By Types
14.8 Absolute $ Opportunity Assessment By Types
14.9 Market Attractiveness Analysis By Types
14.10 Middle East & Africa (MEA) Digital Olfactory Technology Market Size Forecast By Application
14.10.1 Entertainment
14.10.2 Healthcare
14.10.3 Food & Beverage
14.10.4 Environment
14.10.5 Others
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) Digital Olfactory Technology Market Size Forecast By End-user Products
14.14.1 Smartphones
14.14.2 Smelling Screens
14.14.3 Music and Video Games
14.14.4 Explosives Detectors
14.14.5 Quality Control Products
14.14.6 Medical Diagnostic Products
14.14.7 Others
14.15 Basis Point Share (BPS) Analysis By End-user Products
14.16 Absolute $ Opportunity Assessment By End-user Products
14.17 Market Attractiveness Analysis By End-user Products
Chapter 15 Competition Landscape
15.1 Digital Olfactory Technology Market: Competitive Dashboard
15.2 Global Digital Olfactory Technology Market: Market Share Analysis, 2020
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Alpha MOS
15.3.2 Aryballe technologies
15.3.3 The eNose Company
15.3.4 Envirosuite Pty Ltd
15.3.5 FOODSniffer
15.3.6 Olorama Technology Ltd
15.3.7 Owlstone Medical Ltd
15.3.8 Sensigent LLC
15.3.9 ScentRealm
15.3.10 AIRSENSE Analytics GmbH
15.3.11 Aromajoin Corporation