Digital Scent Technology Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The digital scent, or olfactory, is the technology to sense, transmit, and receive scent-enabled digital media such as web pages, movies, video games, and music. The increasing application scope of the technology in the medical segment is generating the demand for the digital scent technology during the forecast period. Additionally, technology has massive potential in the military as well as the food and beverage industry.
MARKET DYNAMICS
The digital scent technology market is anticipated to grow in the forecast period owing to driving factors such as growing applications of e-nose for clinical diagnosis and quality assessment of food. However, High cost is a major restraining factor for the growth of the digital scent technology market during the forecast period. On the other hand, the increasing application scope of e-nose in security and military segment is likely to provide a significant opportunity for the key players operating in the digital scent technology market in the future.
MARKET SCOPE
The "Global Digital Scent Technology Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of digital scent technology market with detailed market segmentation by hardware, end user, and geography. The global digital scent technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading digital scent technology market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global digital scent technology market is segmented on the basis of hardware and end user. Based on hardware, the market is segmented as e-nose and scent synthesizer. On the basis of the application the market is segmented as security, chemical, food and beverage, healthcare and life sciences, environmental, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global digital scent technology market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The digital scent technology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting digital scent technology market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the digital scent technology market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global digital scent technology market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The digital scent technology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting digital scent technology market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the digital scent technology market in these regions.
MARKET PLAYERS
The reports cover key developments in the digital scent technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from digital scent technology market are anticipated to lucrative growth opportunities in the future with the rising demand for digital scent technology in the global market. Below mentioned is the list of few companies engaged in the digital scent technology market.
The report also includes the profiles of key digital scent technology companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AIRSENSE Analytics GmbH
- Alpha MOS S.A.
- ams AG
- Aryballe Technologies SA
- Comon Invent BV
- Electronic Sensor Technology
- Odotech (Envirosuite Limited)
- Scent Sciences Corp.
- ScentSational Technologies, LLC
- The eNose Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Digital Scent Technology Market - By Hardware
1.3.2 Digital Scent Technology Market - By End-user
1.3.3 Digital Scent Technology Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL SCENT TECHNOLOGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DIGITAL SCENT TECHNOLOGY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DIGITAL SCENT TECHNOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL SCENT TECHNOLOGY - GLOBAL MARKET OVERVIEW
6.2. DIGITAL SCENT TECHNOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIGITAL SCENT TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - HARDWARE
7.1. OVERVIEW
7.2. HARDWARE MARKET FORECASTS AND ANALYSIS
7.3. E-NOSE
7.3.1. Overview
7.3.2. e-nose Market Forecast and Analysis
7.4. SCENT SYNTHESIZER
7.4.1. Overview
7.4.2. Scent Synthesizer Market Forecast and Analysis
8. DIGITAL SCENT TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. SECURITY
8.3.1. Overview
8.3.2. Security Market Forecast and Analysis
8.4. CHEMICAL
8.4.1. Overview
8.4.2. Chemical Market Forecast and Analysis
8.5. FOOD AND BEVERAGE
8.5.1. Overview
8.5.2. Food and Beverage Market Forecast and Analysis
8.6. HEALTHCARE AND LIFE SCIENCES
8.6.1. Overview
8.6.2. Healthcare and Life Sciences Market Forecast and Analysis
8.7. ENVIRONMENTAL
8.7.1. Overview
8.7.2. Environmental Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. DIGITAL SCENT TECHNOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Digital Scent Technology Market Overview
9.1.2 North America Digital Scent Technology Market Forecasts and Analysis
9.1.3 North America Digital Scent Technology Market Forecasts and Analysis - By Hardware
9.1.4 North America Digital Scent Technology Market Forecasts and Analysis - By End-user
9.1.5 North America Digital Scent Technology Market Forecasts and Analysis - By Countries
9.1.5.1 United States Digital Scent Technology Market
9.1.5.1.1 United States Digital Scent Technology Market by Hardware
9.1.5.1.2 United States Digital Scent Technology Market by End-user
9.1.5.2 Canada Digital Scent Technology Market
9.1.5.2.1 Canada Digital Scent Technology Market by Hardware
9.1.5.2.2 Canada Digital Scent Technology Market by End-user
9.1.5.3 Mexico Digital Scent Technology Market
9.1.5.3.1 Mexico Digital Scent Technology Market by Hardware
9.1.5.3.2 Mexico Digital Scent Technology Market by End-user
9.2. EUROPE
9.2.1 Europe Digital Scent Technology Market Overview
9.2.2 Europe Digital Scent Technology Market Forecasts and Analysis
9.2.3 Europe Digital Scent Technology Market Forecasts and Analysis - By Hardware
9.2.4 Europe Digital Scent Technology Market Forecasts and Analysis - By End-user
9.2.5 Europe Digital Scent Technology Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Digital Scent Technology Market
9.2.5.1.1 Germany Digital Scent Technology Market by Hardware
9.2.5.1.2 Germany Digital Scent Technology Market by End-user
9.2.5.2 France Digital Scent Technology Market
9.2.5.2.1 France Digital Scent Technology Market by Hardware
9.2.5.2.2 France Digital Scent Technology Market by End-user
9.2.5.3 Italy Digital Scent Technology Market
9.2.5.3.1 Italy Digital Scent Technology Market by Hardware
9.2.5.3.2 Italy Digital Scent Technology Market by End-user
9.2.5.4 United Kingdom Digital Scent Technology Market
9.2.5.4.1 United Kingdom Digital Scent Technology Market by Hardware
9.2.5.4.2 United Kingdom Digital Scent Technology Market by End-user
9.2.5.5 Russia Digital Scent Technology Market
9.2.5.5.1 Russia Digital Scent Technology Market by Hardware
9.2.5.5.2 Russia Digital Scent Technology Market by End-user
9.2.5.6 Rest of Europe Digital Scent Technology Market
9.2.5.6.1 Rest of Europe Digital Scent Technology Market by Hardware
9.2.5.6.2 Rest of Europe Digital Scent Technology Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Digital Scent Technology Market Overview
9.3.2 Asia-Pacific Digital Scent Technology Market Forecasts and Analysis
9.3.3 Asia-Pacific Digital Scent Technology Market Forecasts and Analysis - By Hardware
9.3.4 Asia-Pacific Digital Scent Technology Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Digital Scent Technology Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Digital Scent Technology Market
9.3.5.1.1 Australia Digital Scent Technology Market by Hardware
9.3.5.1.2 Australia Digital Scent Technology Market by End-user
9.3.5.2 China Digital Scent Technology Market
9.3.5.2.1 China Digital Scent Technology Market by Hardware
9.3.5.2.2 China Digital Scent Technology Market by End-user
9.3.5.3 India Digital Scent Technology Market
9.3.5.3.1 India Digital Scent Technology Market by Hardware
9.3.5.3.2 India Digital Scent Technology Market by End-user
9.3.5.4 Japan Digital Scent Technology Market
9.3.5.4.1 Japan Digital Scent Technology Market by Hardware
9.3.5.4.2 Japan Digital Scent Technology Market by End-user
9.3.5.5 South Korea Digital Scent Technology Market
9.3.5.5.1 South Korea Digital Scent Technology Market by Hardware
9.3.5.5.2 South Korea Digital Scent Technology Market by End-user
9.3.5.6 Rest of Asia-Pacific Digital Scent Technology Market
9.3.5.6.1 Rest of Asia-Pacific Digital Scent Technology Market by Hardware
9.3.5.6.2 Rest of Asia-Pacific Digital Scent Technology Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Digital Scent Technology Market Overview
9.4.2 Middle East and Africa Digital Scent Technology Market Forecasts and Analysis
9.4.3 Middle East and Africa Digital Scent Technology Market Forecasts and Analysis - By Hardware
9.4.4 Middle East and Africa Digital Scent Technology Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Digital Scent Technology Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Digital Scent Technology Market
9.4.5.1.1 South Africa Digital Scent Technology Market by Hardware
9.4.5.1.2 South Africa Digital Scent Technology Market by End-user
9.4.5.2 Saudi Arabia Digital Scent Technology Market
9.4.5.2.1 Saudi Arabia Digital Scent Technology Market by Hardware
9.4.5.2.2 Saudi Arabia Digital Scent Technology Market by End-user
9.4.5.3 U.A.E Digital Scent Technology Market
9.4.5.3.1 U.A.E Digital Scent Technology Market by Hardware
9.4.5.3.2 U.A.E Digital Scent Technology Market by End-user
9.4.5.4 Rest of Middle East and Africa Digital Scent Technology Market
9.4.5.4.1 Rest of Middle East and Africa Digital Scent Technology Market by Hardware
9.4.5.4.2 Rest of Middle East and Africa Digital Scent Technology Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Digital Scent Technology Market Overview
9.5.2 South and Central America Digital Scent Technology Market Forecasts and Analysis
9.5.3 South and Central America Digital Scent Technology Market Forecasts and Analysis - By Hardware
9.5.4 South and Central America Digital Scent Technology Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Digital Scent Technology Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Digital Scent Technology Market
9.5.5.1.1 Brazil Digital Scent Technology Market by Hardware
9.5.5.1.2 Brazil Digital Scent Technology Market by End-user
9.5.5.2 Argentina Digital Scent Technology Market
9.5.5.2.1 Argentina Digital Scent Technology Market by Hardware
9.5.5.2.2 Argentina Digital Scent Technology Market by End-user
9.5.5.3 Rest of South and Central America Digital Scent Technology Market
9.5.5.3.1 Rest of South and Central America Digital Scent Technology Market by Hardware
9.5.5.3.2 Rest of South and Central America Digital Scent Technology Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DIGITAL SCENT TECHNOLOGY MARKET, KEY COMPANY PROFILES
11.1. AIRSENSE ANALYTICS GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ALPHA MOS S.A.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AMS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ARYBALLE TECHNOLOGIES SA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. COMON INVENT BV
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ELECTRONIC SENSOR TECHNOLOGY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ODOTECH (ENVIROSUITE LIMITED)
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCENT SCIENCES CORP.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCENTSATIONAL TECHNOLOGIES, LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE ENOSE COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AIRSENSE Analytics GmbH
2. Alpha MOS S.A.
3. ams AG
4. Aryballe Technologies SA
5. Comon Invent BV
6. Electronic Sensor Technology
7. Odotech (Envirosuite Limited)
8. Scent Sciences Corp.
9. ScentSational Technologies, LLC
10. The eNose Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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