Digital Scent Technology Market | Share | Trends | Demand | Opportunities and Forecast 2020
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Big Market Research : Digital Scent Technology Market by Hardware devices (E-nose and Scent synthesizer) , End-user (Marketing, Food and beverage, Entertainment, Education, Healthcare, Communication and Military and defense) , End-product and Geography - Forecast to 2020
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The Digital Scent Technology market is being driven by various factors such a se-nose based quality assessment of raw material in the food & beverage industry, and the e-nose application for clinical diagnosis. Major restraints for this market have been substitutes used for detecting explosives in the military & defense application and the high cost of digital scent technology. These restraints are acting as barriers for the growth of digital scent technology market. Major opportunities in the digital scent technology market are applications of e-nose in the security and military sectors. These opportunities are expected to boost the Digital Scent Technology market. Major challenges for digital scent technology market are chemicals that may harm human health, and the unpredictability of air flow.
North America accounted for the largest market share in the digital scent technology market, due to a significant presence of key players such as Smiths Detection Inc. (U.S.),ScentSational Technologies LLC (U.S.), and Scent Sciences Corporation (U.S.). However, the market in Europeis estimated to grow at the highest rate between 2015and 2020. The global digital scent technology market is expected to reach $691million by 2020,at a CAGR of 30.4% between 2014 and 2020.