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Digital Fragrances Market Increases Geriatric Population to Drive Growth 2030 – ManufactureLink

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the global digital perfume market the size should go from $17.9 million in 2020 for $39.1 million by 2027, at a CAGR of 11.8% from 2021 to 2027. Digital scent technology has grown exponentially from its initial deployment by the US military during the Vietnam War to the massive networks of electronic noses implemented in the world currently. Digital fragrance technology has recently gained momentum with emerging technologies, such as artificial intelligence and IoT. Electronic nose technology has been widely adopted in the waste management industry. Countries like the Netherlands, United Arab Emirates, Kuwait and Italy have the most comprehensive electronic nose networks. Countries like South Africa, Oman and Estonia have also invested in the development of such electronic nose networks.

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This market is expected to see significant opportunities in the military and defense sector, due to the number of applications of an electronic nose. The electronic nose can help military personnel gain a scientific understanding of odors in the field and help deliver toxicity-reducing chemicals, anti-toxins, or antibodies to neutralize specific toxin pain medications.

Digital scent technology is expected to play an important role in national security decision-making that involves geography. Detecting the position of landmines and biological and chemical agents is critical to determining the location of a strike on the battlefield. Analysis of this data can be used to decide war strategy with minimal environmental impact. Thus, the widespread use of technology in the military and defense fields is believed to create opportunities for growth. Concepts like these are delivered to the user in a combination of hardware and software. While the hardware part detects and produces odors, the software helps generate specific signals for specific odors.

Global Digital Perfume Market Dynamics

Drivers: Introducing AI in Digital Scent Technology

Digital fragrance technology is highly dependent on the capability of humans in several applications, such as fragrances, food and beverages, and other technologies. Even animals used in law enforcement have a limited ability to detect and differentiate between various odors. Therefore, it was not easy to quantify and process the information. However, companies like IBM and E-Nose Systems have been able to apply AI to further process odors and categorize them. With AI, it is now possible to achieve higher sensitivity and increase overall system capabilities. IBM’s algorithm shortened the typically demanding manufacturing process involved in creating lab-made perfumes and odorants. The researchers further mentioned that they were able to overcome shortcomings in human capacity by analyzing millions of instances. The healthcare industry will benefit from odor research, and the algorithm aims to provide a more accurate vocabulary of odors that can help doctors diagnose neurodegenerative diseases more quickly. Adults who fail a simple sniff test are twice as likely to develop dementia, according to a study published in the Journal of the American Geriatrics Society in 2018.

Challenges: high initial cost of electronic noses

Digital scent technology offers great benefits in various end-user verticals, such as healthcare, military and defense, and the food and beverage industry. The specific challenges like the high initial cost of implementing digital scent technology in the process involving electronic noses and scent synthesizers might hamper the market growth over the forecast period. The method of selecting a supplier for the purchase of detection devices for various applications, such as explosives detection in the military and defense, security applications and quality control for the evaluation of raw materials in the food and beverage industry, implies the belief that the supplier’s business will continue after the relationship with them ends. In the event of a product failure, companies that rely on it may be forced to format their entire manufacturing process. This would involve high switching costs and the increased cost of installing other products from another vendor.

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Report scope

The study categorizes the digital perfume market based on hardware, end-user, and regions.

By Material Outlook (Sales, USD Million, 2017-2027)

By End-User Insights (Sales, USD Million, 2017-2027)

  • Military and Defense
  • Health care
  • Food and drink
  • Waste Management
  • Other End User Verticals

Outlook by Region (Sales, USD Million, 2017-2027)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

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Electronic nose segment is expected to account for the largest market share by hardware

Based on hardware, the global digital perfume market is divided into perfume synthesizers and electronic nose. In 2020, the electronic nose segment accounted for the largest market share in the global digital perfume market. Solid waste includes residential, commercial and municipal waste. An electronic nose (E-nose) is a device that detects the specific components of an odor and analyzes its chemical composition to identify it. An electronic nose consists of a chemical identification mechanism composed of an array of electronic sensors and a pattern identification mechanism which includes a neural network. Electronic noses have been around for several years, but they are usually bulky and expensive. The market is witnessing ongoing research to make devices smaller, cheaper and more sensitive. The smallest version of these solutions consists of a nose-on-chip, a single computer chip containing both the sensors and the processing components. The electronic nose brings a corresponding number of advantages. For example, for companies running large-scale production operations, it is not logistically possible to track the freshness, quality and cleanliness of each product using human detection with cost and performance factors. quality. In such cases, the device helps to check whether the goods meet the quality standards. Electronic noses are cost effective and cover larger areas.

North America accounts for the highest CAGR during the forecast period

Based on region, the global digital fragrance market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Globally, North America is estimated to hold the highest CAGR of the global digital fragrance market during the forecast period. North America holds a significant share of the digital fragrance industry. Factors such as developed infrastructure and availability of resources have enabled the integration of digital scent technology in applications such as defense, healthcare, entertainment, food and beverages.

After North America, Europe is the fastest growing region with a CAGR of 4.62% during the forecast period. European countries are known to have the strictest regulations and hefty fines for violations. Companies in this region are deploying advanced technologies to avoid such penalties. For example, the EU is undertaking a D-NOSES project regulating odor pollution in ten European and non-European countries. It aims to launch a collaborative journey in solving odor problems. More recently, in June 2019, BioConstruct New Energy, a service, operation and construction company for anaerobic digestion plants, was fined £14,000, including £5,500 in odor pollution charges. intrusive” and illegal storage of waste.

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Main market players

The digital scent market is slightly concentrated in nature with few global players operating in the market such as Alpha MOS SA, Electronic Sensor Technology Inc., Plasmion GmbH, Odotech Inc., The eNose Company, AIRSENSE Analytics GmbH, Aryballe Technologies SA , Common Invent BV, Sensigent LLC and Stratuscent Inc. Each company follows its business strategy to achieve the maximum market share.