E-Nose Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
Market Overview: According to a new market research study titled “Electronic Nose Market - Global Analysis, 2023 - 2032, published by Insight Slice, the market for electronic nose is anticipated to grow a CAGR of over 11% during the forecast period 2018 -2026.
The global electronic nose market is projected to witness significant growth throughout the forecast period. North America is anticipated to be at the forefront in terms of demand, and is expected to grow at a promising growth rate during the forecast period. Increasing number for food manufacturers and stringent food safety regulations are shaping the electronic nose market.
The factors accessed to help propel the electronic nose market are rising health concerns and increasing adoption in food and beverages industry. The increasing number fatalities due to foodborne deceases, based on WHO data, and increasing focus of government authorities to ensure food safety, are expected to be the most important factors fuelling the growth of electronic nose market over the globe.
However, the high cost of electronic nose, is accessed to restrain the market during the first half of the forecast period. The impact of high cost is expected to be low due to continuous research and development activities and high adoption rate in multiple end use industries.
Marker Segmentation and Analysis:
The report provides a detailed segmentation of the electronic nose market on the basis of type, end user, and geography.
The developed regions have witnessed a rapid increase in the number of food manufacturers in the last couple of years, and thus market in these regions is anticipated to propel with high penetration of electronic nose into the food manufacturing industry. Moreover, North America and Europe are anticipated to be the front runners in research and development of electronic noses, so as to tackle the health problems associated with foodborne diseases.
Furthermore, Asia Pacific is anticipated to be the fastest growing market throughout the forecast period, primarily due to increasing adoption in hazardous area monitoring as an alternative to the gas analyser based systems.
Additionally, the growth of electronic nose market is expected to be supplemented by the healthy growth of food and beverages, and healthcare industries in major countries such as China and India. Competitive Outlook: The electronic nose market is undergoing continuous technological advancements so as to meet rising demand from multiple industrial sectors.
The inclusion of software based analysis is one of the major factor intensifying competition in the market. New product development and product advancement through strategic mergers and acquisitions are identified to be the operational strategies adopted by the market leaders.
The key players operating in the global electronic nose market are Airsense Analytics GmbH, Alpha MOS, Odotech, E-Nose Pty, The eNose Company, Electronic Sensor Technology, Scent Science Corporation, Scentsational Technologies, and Scensive Technology. The report provides a holistic view of the major market dynamics shaping the global electronic nose market along with the impact of regional and country trends forging the potential of the market.
Market Segmentation:
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
