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Global Digital Nose Technology Market is Forecasted to Witness Growth at a CAGR of 10.3% over the Forecast Period

Technology has definitely reached new heights as compared to last few decades. The global digital nose technology market is one such market which is growing rampantly post COVID-19. Digital nose happens to be a device that is being used to smell, which human nose finds difficult or is unable to smell. By using sensor arrays and pattern recognition systems, digital nose draws comparison with human regarding any smell. Digital noses are used by several industries like food and beverages, security and forensics, pharmaceuticals, chemical etc. The COVID-19 pandemic has dented the growth of the global digital nose technology market. While the lockdown curbs and trade restriction impacted the demand and supply factor, several companies operating in this domain had to incur huge losses. However, the surging demand for safer smell detection application across several companies is driving the growth of the global digital nose technology market. Several industries, especially those producing chemicals need digital noses to trace any poisonous smell that is hazardous to human health. By using these noses, these companies can ensure safety of their staff and also check the quality of that chemical.

The major restraining factor that currently affects the growth of the global digital nose technology market is that these digital noses run on artificial intelligence, and require frequent updates and maintenance. Along with the basic costs which are higher, the updates and maintenance is also something which not all can afford. This does take toll on this market’s growth.

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Key Takeaways – Global Digital Nose Technology Market: 

  • Currently, two types of digital noses are available in the market and they are portable/handheld electric noses, and the tabletop electronic nose.
  • Several industries like food and beverage, forensic, aroma sensing, civil/ military security and chemical are rampantly using digital nose technology. The chemical industry is relying hugely on digital noses as they possess a mechanism which is capable of detecting chemicals.
  • The region of Asia Pacific is forecasted to witness growth at the fastest rate for the global digital nose technology market. Many buzzing companies, specifically in countries like Japan, South Korea and China contribute to the growth of this market by producing electric or digital noses at a price which is comparatively lower. The use of this technology to detect or diagnose cancer in country like India is also growing rapidly.

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How Absolute Market Insights is Unique in Nature?

The research report on Global Digital Nose Technology Market will include extensive information based on the following pointers:

  • Global Market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2020 has been considered as historic years, 2021 as the base year, while 2022 to 2030 has been considered as the forecast period.
  • Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
  • Market Determinants and Influencing Factors
  • Macro-Economic and Micro-Economic Indicators
  • Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
  • Trends on Global Digital Nose Technology Market
  • Exclusive Details on the Effect of the Pandemic
  • Porter’s Five Forces Analysis
  • Competitor Landscape
    • Product Benchmarking
    • Market Share Analysis, 2021
    • Global Presence and Growth Strategies
  • The final report will include competitive product benchmarking which will encompass comparison of varied services offered by different market participants on the basis of their features and capabilities that will help you to understand their market offerings. Furthermore, for each company, we will provide information regarding company details, company overview, product offerings, key developments, financial analysis, and SWOT analysis and business strategies.
  • The research study specific to a region, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, is also available.
  • We offer our reports in different languages which include German, Chinese, French, Russian, Spanish, Arabic, Japanese and Korean amongst others.

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Competitors:

Some of the major players operating in the global digital nose technology market are listed below:

  • AIRSENSE Analytics GmbH
  • Alpha MOS
  • ARYBALLE S.A.
  • Innovacom
  • PCA Technologies Ltd
  • Plasmion GmbH
  • The eNose Company
  • Other Market Participants

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Global Digital Nose Technology Market

By Application

  • Food Safety
  • Security and Forensics
  • Fragrances and Cosmetics
  • Pharmaceuticals
  • Aroma Sensing
  • Chemical
  • Environmental and Emission Monitoring
  • Civil/ Military Security
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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