Global Digital Scent Technology Industry

Global Digital Scent Technology Industry

  • September 2020 •
  • 142 pages •
  • Report ID: 5798371 •
  • Format: PDF
Global Digital Scent Technology Market to Reach $3.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Digital Scent Technology estimated at US$571 Million in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2027, growing at aCAGR of 27.6% over the period 2020-2027. E-nose, one of the segments analyzed in the report, is projected to record 29.7% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Scent synthesizer segment is readjusted to a revised 26.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $171.4 Million, While China is Forecast to Grow at 26.8% CAGR

The Digital Scent Technology market in the U.S. is estimated at US$171.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$537.8 Million by the year 2027 trailing a CAGR of 26.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.5% and 23.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19% CAGR.We bring years of research experience to this 5th edition of our report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Airsense Analytics GmbH
  • Alpha MOS France
  • ams AG
  • Electronic Sensor Technology, Inc.
  • Scentcom Ltd.
  • ScentSational Technologies, LLC.
  • Smiths Detection, Inc.
  • The Enose Company