According to research published by Emergen Research, the global digital scent technologies market is projected to reach $4.04 billion by 2027, at a CAGR of 28.6%.
Related: Digital Scent Technology Market to Hit $1.5 Billion by 2026
The digital scent technologies market is segmented by product type (mobile phone and computer, virtual reality, medical diagnostic), by application (marketing, entertainment, education, healthcare, communication), by component (hardware, e-nose, scent synthesizer, software) and regions forecasts.
Key market factors influencing the market include the demand for electronic smell sensing technologies, the growing emergence of digital market strategies for products that include flavor and fragrance, rising penetration of e-commerce shopping and the escalation of telemedicine or online healthcare services and non-invasive healthcare techniques.
The market is expected to remain in a very competitive and quite consolidated landscape consisting of a number of both small start-ups, medium and large players.
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