Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Digital Scent Technology Market size was over USD 1.22 billion in 2024 and is projected to reach USD 4.11 billion by 2037, growing at around 9.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of digital scent technology is assessed at USD 1.32 billion.
The growth of the market can be attributed to the increasing advancement in technology, especially the development in the virtual reality technology. Digital scent technology lets one smell the product remotely, which is prominently applied in online shopping. The user can smell products, such as, fertilizers, disinfectants, animal & insect repellents, perfumes and colognes, and chemicals amongst others, using technically advanced products, such as e-nose and smelling screens. Increasing trend for online shopping and delivery system is estimated to boost the market growth. Furthermore, there have been various incidences of product leak or machinery failure at warehouses, leaving workers and delivery executives in a sensitive position. The digital scent technology can help avoid such tragedy, which is estimated to increase its adoption by major manufacturing companies.
Digital Scent Technology Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Technological Advancements, such as, Virtual Reality
- Application of Digi Scent in Military Services
Challenges
- Delay Between Two Consecutive Tests
- Lack of Awareness Regarding the Technology
Digital Scent Technology Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9.8% |
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Base Year Market Size (2024) |
USD 1.22 billion |
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Forecast Year Market Size (2037) |
USD 4.11 billion |
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Regional Scope |
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Digital Scent Technology Segmentation
The market is segmented by end-user into healthcare, food & beverage, manufacturing, and others, out of which, the manufacturing segment is anticipated to hold the notable share in the global digital scent technology market on account of increasing cases of gas leaks or product mis happening in warehouses, coupled with rising acceptance of distant shopping. The healthcare segment is also anticipated to hold a notable share over the forecast period, owing to the increasing technological innovation in the field of medicine.
Our in-depth analysis of the global market includes the following segments
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By Product
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By End-User |
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Customize this ReportDigital Scent Technology Industry - Regional Synopsis
North America Market Analysis
On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is set to dominate majority revenue share by 2037, on the back of presence of various key players in the region, along with use of various technology, such as, biosensors, artificial intelligence, and virtual reality. Moreover, this technology is being widely implemented for military applications, which is further projected to drive the market growth.
APAC Market Statistics
The market in the Asia Pacific region is estimated to grow at the highest CAGR over the forecast period, on account of rapid digitalization of the market, changing consumer behavior, and rising adoption of technology in countries, such as, Japan, and Singapore.
Companies Dominating the Digital Scent Technology Landscape
- Envirosuite Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- The eNose Company
- Scent Sciences Corp.
- Aromajoin Corporation
- Electronic Sensor Technology
- ams AG
- Smith’s Detection Group Ltd.
- Alpha MOS
- AIRSENSE Analytics GmbH
- ScentSational Technologies
In the News
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June 2021: China Petroleum and Chemicals to place order for multiple z-nose from Electronic Sensor Technology. zNose is used for monitoring and analyzing contaminated water in water bodies.
Author Credits: Abhishek Verma
- Report ID: 3360
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
