The North American digital scent market is estimated to grow at a CAGR of around 16% during the forecast period. Advancements in technology in the areas of hardware diminishment and processing power have opened new horizons for the users to experience new kinds of realities with the help of various kinds of devices. The potential applications of such interfaces are huge and key players including Apple, Google and Facebook are investing heavily in developing and augmenting the new platform and to provide enhanced digital services to their customers. With the increasing user demand for experiencing better quality digital experiences, the demand for digital scent technology is expected to increase significantly in the near future in the North American region.
Moreover, as the healthcare sector is growing in North America, it is further expected to create opportunities for augmentation of digital scent technology for applications in Aromatherapy. Aromatherapy is one of the significant applications where the use of digital scents can be used for the cure of critical medical situations including insomnia, dementia, headaches, stress, indigestion, and anxiety patients. The use of Complementary and alternative medicine (CAM) is growing at a considerable rate in the US. However, there are certain issues that need to be addressed with the content of CAM available on the internet. Most of the content which is available on the internet lags behind in terms of quality although the accuracy of the content is good.
The market is segmented on the basis of hardware and end-user. On the basis of end-user, the market is segmented into E-nose and scent synthesizer. Among hardware, the market for E-nose is expected to have the largest market share owing to recent advancements in digital nose technology. Further, on the basis of end-user, the market is segmented into marketing, entertainment, food & beverages, healthcare, and others such as military & defense and environment monitoring. Some of the players operating in the North American digital scent market include Aromyx Corp., Electronic Sensor Technology Inc., Mood Media Corp., Sensigent LLC, and others.
Research Methodology
The market study of the North American digital scent market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for digital scent manufacturers, healthcare organizations, food & beverage industry, entertainment industry, marketing industry, research organizations, government organizations, regulatory bodies, investment companies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. North American Digital Scent Market by Hardware
5.1.1. E-Nose
5.1.2. Scent Synthesizer
5.2. North American Digital Scent Market by End-User
5.2.1. Entertainment
5.2.2. Marketing
5.2.3. Healthcare
5.2.4. Food & Beverages
5.2.5. Others (Military & Defense, Environment Monitoring)
6. Regional Analysis
6.1. United States
6.2. Canada
7. Company Profiles
7.1. Aromyx Corp.
7.2. Electronic Sensor Technology, Inc.
7.3. Mood Media Corp.
7.4. Nevada Nanotech Systems Inc.
7.5. Owlstone Inc.
7.6. Scent Sciences Corp.
7.7. Sensigent LLC
7.8. ScentSational Technologies LLC
7.9. Stratuscent Inc.
7.10. Tellspec Inc.
7.11. Vaporsense, Inc.
1. NORTH AMERICAN DIGITAL SCENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
2. NORTH AMERICAN DIGITAL SCENT MARKET RESEARCH AND ANALYSIS BY HARDWARE, 2018-2025 ($ MILLION)
3. NORTH AMERICAN DIGITAL SCENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. NORTH AMERICAN DIGITAL SCENT MARKET SHARE BY HARDWARE, 2018 VS 2025 (%)
2. NORTH AMERICAN DIGITAL SCENT MARKET SHARE BY END-USER, 2018 VS 2025 (%)
3. NORTH AMERICAN DIGITAL SCENT MARKET SHARE BY COUNTRY, 2018 VS 2025 (%)
4. US DIGITAL SCENT MARKET SIZE, 2018-2025 ($ MILLION)
5. CANADA DIGITAL SCENT MARKET SIZE, 2018-2025 ($ MILLION)