The [FURL=https://www.industryarc.com/Research/Digital-Scent-Technology-Market-Research-505301?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=PaidPressrelease]Digital Scent Technology Market[/FURL] is forecast to reach $30.3 million by 2026, growing at a CAGR of 12.2% from 2021 to 2026. The Digital Scent Technology 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 senses which are hearing, touching and sense of sight are implicated in online communication. Digital smell is one of the concepts of virtual reality.The role of hardware such as e-nose, Scent Synthesizer, Catridge and Scentograph is to produce the scent and that of software is to evaluate the scent equation and generate distinct signals for distinct smells. Lastly, the device produces that smell. With the digital scent technology, one can sense, transmit, reproduce and recapture smell, fragrance and flavors digitally on the internet.
Key Takeaways
The Digital Scent Technology 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 digital scent technology (particularly e-noses) in the healthcare and the military and defense sectors.
Digital Scent Technology 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 digital scent technology for teaching certain subjects such as botany, geography and history has enhanced its market growth in global market.
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Digital Scent Technology 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 Digital Scent Technology Market growth especially in Healthcare sector.
Digital Scent Technology Market Drivers
Rise in Technology Advancement drives market growth
Innovation of Digital Smell on Smart Phones
Digital Scent Technology Market top 10 companies are Airsense Analytics GmbH, Alpha MOS SA, Odotech Inc., The eNose Company, Electronic Sensor Technology, Scentcom Ltd. and Scentsational Technologies.
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