Electronic Nose Market Forecast to Reach $30.3 Million by 2026

With the Rapid Adoption of Electronic Nose in the Defense and Healthcare Sectors in Different Operations Is Expected to Enhance Its Market Growth in Forecast Period

Hyderabad, India – July 22, 2021 /MarketersMedia/ —

The Electronic Nose Market is forecast to reach $30.3 million by 2026, growing at a CAGR of 12.2% from 2021 to 2026. The Electronic Nose Market is estimated to witness a sustainable growth over the forecast period majorly because of the growing technology in developing sense of smell in online communication. Currently, only three of our senses which are hearing, touching and sense of sight are implicated in online communication. Electronic nose is one of the concepts of virtual reality. The scent is generally is a combination of hardware and software technology. The role of hardware such as e-nose, Scent Synthesizer, Catridge and Scentograph is to detect the scent using electronic sensing and gas chromatography and that of software is to evaluate the scent equation and generate distinct signals for distinct smells.

Electronic Nose Market Segment Analysis – By Hardware Devices

E-nose has dominated the Electronic Nose Market at 61.5% in 2020 as compared to the other hardware devices which are integrated in the Electronic Nose. An Electronic nose (E-nose) is an electronic sensing device intended to detect odours or flavours. Electronic sensing refers to the capability of reproducing human senses using electronic sensor arrays and pattern recognition systems. E-nose performs under different stages and produce desired scent to user.

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Electronic Nose Market Segment Analysis – By End Use Industry

Electronic Nose is widely used in Healthcare and Defense sectors. One of the major reasons for boost in market of Electronic Nose in Healthcare is because of its vast adoption in Aromatherapy which is set to drive the healthcare sector at 16.5% through 2020. Aromatherapy is a kind of curing certain diseases by using different types of smell. It is also helpful in determining brain disorders. In Defense sector, Electronic Nose is used for detecting explosives. Airsense Analytics GmBh, a leading manufacturer of Digital scent devices of Germany introduced their GDA-first Response which acts a portable detector of hazardous chemical substances and GDA-Explosives which is used in identification of explosives. These devices are adopted in Defense sector and are utilized in various operations.

Electronic Nose Market Segment Analysis – By Geography

North America accounts for being the highest market among all the regions at 37.5% in 2020. The market growth in this region is predominantly rising due to leading economies such as United States, Canada and Mexico. Ongoing Governmental regulations of the US government on healthcare and special initiatives such as the Patient Protection and Affordable Care Act has brought a major boost in Electronic Nose Market growth especially in Healthcare sector. North America is closely followed by Asia-Pacific and Europe in Electronic Nose Market growth.

Electronic Nose Market Drivers

Rise in Technology Advancement drives market growth

The technology has so far targeted mainly the identification of sight and sound. To further enhance the virtual reality experience and a realistic experience, technology is now targeting users nose and tongue. With this technology advancement, the demand of Electronic Nose came into limelight. Electronic Nose offers the application in different area by offering a virtual reality experience and in different identification operations. These rising demands in different sectors tend to drive the market growth of Electronic Nose in global market. Due to rising Environmental concerns, the demand for air purifiers came into importance. Nowadays, due to uncontrollable pollution in some regions and increase in air-borne diseases, the installation of Electronic Nose to detect harmful gases and vapours using electronic sensors are in great demands, especially in Healthcare sector.

Innovation of Digital Smell on Smart Phones

According to International Telecommunication Union, 51% of the global population are using mobile-cellular devices out of which around 4 billion of them have internet access. With this vast availability of smart phones with internet access worldwide, researchers have been advancing the installation of Electronic Nose in-built in smart phones. Digital Smell has been introduced in the market in recent years. Researchers aim to provide long-distance conversations in a virtual-reality form. This will enable the users to experience a real sense of sight, voice as well as smell.

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Electronic Nose Market Challenges

One of the major challenges faced by Electronic Nose Market globally is the high initial cost of Digital Scent Devices. The high cost of electronic nose and delays between successive smell tastes are some of the factors which restraint the growth of Electronic Nose market.

Electronic Nose Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Electronic Nose Market. The Electronic Nose Market is dominated by major companies such as Airsense Analytics GmbH, Alpha MOS SA, Odotech Inc., The eNose Company, Electronic Sensor Technology, Scentcom Ltd. and Scentsational Technologies.

Acquisitions/Technology Launches/Partnerships

In October 2019, The eNose Company launched their upgraded Electronic nose device using the Aeonose which is used in treatment of lung cancer by rapidly excluding the high negative predictive value for various types of lung cancer.

In January 2019, Odotech Inc. has been acquired by Envirosuite Limited, a technology company listed on the Australian Stock Exchange to provide the most comprehensive and intuitive real-time monitoring, investigative and predictive environmental management software in the world.

Key Takeaways

The Electronic Nose Market is estimated to witness a sustainable growth over the forecast period because of the growing technology in developing sense of smell in online communication.

The major factor responsible for the growth of the market are increasing applications and adoption of the Electronic Nose (particularly e-noses) in the healthcare and the military and defense sectors.

Electronic Nose offers more realistic effects of movies and they provide a very new facility of digital smell in movies or in games which has been introduced which tend to uplift its market growth.

In the education sector, ongoing adoption of Electronic Nose for teaching certain subjects such as botany, geography and history has enhanced its market growth in global market.

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