Digital Scent Technologies Market Recent Trends, Future Growth, Industry Analysis, Outlook, Insights, Share & Forecasts
The growing proliferation of virtual reality, emergence of telemedicine coupled with higher proliferation of the e-commerce industry
VANCOUVER, BC, CANADA, April 19, 2022 /EINPresswire.com/ — The Global Digital Scent Technologies Market is projected to reach USD 4.04 billion in 2027. The key factors influencing the market include increasing demand for the electronic smell sensing technologies, growing emergence of the digital market strategies for the products that include flavor & fragrance, rising penetration for the e-commerce shopping, and higher proliferation for the telemedicine or online healthcare services, and non-invasive healthcare techniques. Inclusion of sense of smell is expected to create enormous possibilities of use cases in various end-use verticals especially, marketing, entertainment, and healthcare sectors.
Virtual reality & augmented reality are some area of high development which is expected to create a plethora of new use cases for digital sensing as the demand for the smell sensing technology apart from existing virtual & augmented audio visual is magnificently being heightened for a higher immersive experience.
The global market landscape of Digital Scent Technologies is expected to remain in a very competitive and quite consolidated landscape consisting of a number of both the small start-ups, medium and large players. During the projected era, increasing demand for technological development and higher diversification in offered products ensure enormous potential for innovative players.
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key findings from the report suggest
Growing emergence of virtual reality and its applications in the entertainment sector and higher penetration for the highly immersed experience for gaming, videos, and movies are deliberately helping in the marker growth. Both the over the theatre and over the television cinema experience can be highly augmented incorporating the digital scent technologies.
The hardware sub-segment consists of E-Nose and Scent Synthesizer is still undergoing an enormous R&D phase and extensively being tried to accumulate many newer smell sensing sensors. Higher research & development and expensive sensor technologies make it the leading sub-segment.
Europe owing to its tremendous development in the modern healthcare techniques and higher emergence of telemedicine and online healthcare checkups are helping in the overall market growth largely.
In January 2018, a team of researchers from Gandia campus of Valencia’s Polytechnic University and the La Fe Health Investigation Institute created a prototype of an electronic nose. The e-nose is capable of distinguishing patients having a Crohn’s disease and ulcerative colitis without an invasion.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Digital Scent Technologies market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Digital Scent Technologies market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Key Players Profiled in the Report are:
Scent Sciences Corporation, Electronics Sensor Technology, The eNose Company, ScentSational Technologies LLC, AIRSENSE Analytics GmbH, Scentcom Ltd., Smiths Detection Inc., and ams AG, among others.
Furthermore, the report provides a comprehensive overview of the Digital Scent Technologies market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Digital Scent Technologies market expected to boost the growth of the industry in the coming years.
For the purpose of this report, Emergen Research has segmented into the global Digital Scent Technologies Market on the basis of Product Type, Application, Component, and Region:
Product Type Outlook (Revenue: USD Billion; 2017-2027)
Mobile Phone & Computer
Virtual Reality Devices
Medical Diagnostic Devices
Explosives Detector
Quality Control Product
Others
Application Outlook (Revenue: USD Billion; 2017-2027)
Marketing
Entertainment
Education
Healthcare
Communication
Others
Component Outlook (Revenue: USD Billion; 2017-2027)
Hardware
E-Nose
Polymer Sensor
Piezoelectric Sensor
Mosfet Sensor
Optical Fiber Sensor
Scent Synthesizer
Software
Key Questions Answered in the Report:
What is the growth rate of the Digital Scent Technologies market? What is the anticipated market valuation of Digital Scent Technologies industry by 2028?
What are the key growth driving and restraining factors of the Digital Scent Technologies market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Digital Scent Technologies industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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