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Global Electronic Nose Market to reach USD 40.4 million by 2027.

Global Electronic Nose Market Size study, by end user vertical (Military and Defense, Healthcare, Food and Beverage, Waste Management (Environmental Monitoring), Other End-user Verticals), and Regional Forecasts 2021-2027

Product Code: ECE-82127479
Publish Date: 10-09-2021
Page: 200

Global Electronic Nose Market is valued at approximately USD 17.8 million in 2020 and is anticipated to grow with a healthy growth rate of more than 12.44 % over the forecast period 2021-2027. The electronic nose has been studied as part of biomimicry or biomimetics research to mimic human olfaction in order to perceive a certain scent, aroma, or flavour. The apparatus made it possible to quantify and identify a mixture of scents without tiring the operator. Aromas, or smells, are made up of volatile molecules that are recognized by receptors in the nose. The signal is then sent to the brain, which recognizes the smell related to specific chemical. The same concept is being used to create and develop electric noses. In the food sector, electronic noses are used for quality control, process monitoring, shelf-life study, freshness assessment, and authenticity assessment. Because there are so many odor-based metrics for gauging quality, freshness, components, ripeness, and other things, the technology is expected to find many uses in the business. Food counterfeiting is one of the issues that distributors, retailers, producers, and consumers are facing. One of the most important characteristics of food products’ authenticity and quality is their flavour. When it comes to some delicacies, the aroma is enough to tell the difference between a genuine product and a fake. Fatih Sultan Mehmet University researchers and academicians have invented a novel device that uses artificial intelligence to help prevent food fraud. The technology can determine whether or not the food sold in the stalls is genuine. According to the Centers for Disease Control and Prevention, salmonella causes 1.2 million infections, 23,000 hospitalizations, and 450 fatalities in the United States each year. Approximately 1 million of these illnesses are caused by food. For instance, Olfaguard, a Toronto-based start-up, is striving to shorten the time it takes for food manufacturers to detect food-borne pathogens like E. Coli and Salmonella in their goods. The business intends to create an e-nose that is pathogen specific and can deliver accurate high specificity results in minutes at a reasonable cost, which will aid in the prevention of food poisoning. However, high cost of e-Nose may impede market growth over the forecast period of 2021-2027.

The regional analysis of the Global Electronic Nose Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to proactiveness of the government and the corporate bodies for creating a safe working environment in the region. Whereas Europe is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2021-2027, due to implementation of e-Nose for disaster management.
Major market player included in this report are:

Alpha MOS SA
Electronic Sensor Technology Inc.
Plasmion GmbH
Odotech Inc.
The eNose Company
AIRSENSE Analytics GmbH
Aryballe Technologies SA
Comon Invent BV
Sensigent LLC
Stratuscent Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By end user vertical:
Military and Defense
Food and Beverage
Waste Management (Environmental Monitoring)
Other End-user Verticals
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027.

Target Audience of the Global Electronic Nose Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)
1.2.1. Electronic Nose Market, by Region, 2019-2027 (USD Million)
1.2.2. Electronic Nose Market, by End user Vertical, 2019-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electronic Nose Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electronic Nose Market Dynamics
3.1. Electronic Nose Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Introduction of AI and neuromorphic computing in e-nose technology Applications in healthcare and biomedicine
3.1.2. Market Restraint High initial cost of e-noses
3.1.3. Market Opportunities Non-invasive technology to aid disease monitoring
Chapter 4. Global Electronic Nose Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Electronic Nose Market, by End user Vertical
5.1. Market Snapshot
5.2. Global Electronic Nose Market by End user Vertical, Performance – Potential Analysis
5.3. Global Electronic Nose Market Estimates & Forecasts by End user Vertical 2018-2027 (USD Million)
5.4. Electronic Nose Market, Sub Segment Analysis
5.4.1. Military and Defense
5.4.2. Healthcare
5.4.3. Food and Beverage
5.4.4. Waste Management (Environmental Monitoring)
5.4.5. Other End-user Verticals
Chapter 6. Global Electronic Nose Market, Regional Analysis
6.1. Electronic Nose Market, Regional Market Snapshot
6.2. North America Electronic Nose Market
6.2.1. U.S. Electronic Nose Market End user Vertical breakdown estimates & forecasts, 2018-2027
6.2.2. Canada Electronic Nose Market
6.3. Europe Electronic Nose Market Snapshot
6.3.1. U.K. Electronic Nose Market
6.3.2. Germany Electronic Nose Market
6.3.3. France Electronic Nose Market
6.3.4. Spain Electronic Nose Market
6.3.5. Italy Electronic Nose Market
6.3.6. Rest of Europe Electronic Nose Market
6.4. Asia-Pacific Electronic Nose Market Snapshot
6.4.1. China Electronic Nose Market
6.4.2. India Electronic Nose Market
6.4.3. Japan Electronic Nose Market
6.4.4. Australia Electronic Nose Market
6.4.5. South Korea Electronic Nose Market
6.4.6. Rest of Asia Pacific Electronic Nose Market
6.5. Latin America Electronic Nose Market Snapshot
6.5.1. Brazil Electronic Nose Market
6.5.2. Mexico Electronic Nose Market
6.6. Rest of The World Electronic Nose Market
Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. Alpha MOS SA Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.2.2. Electronic Sensor Technology Inc.
7.2.3. Plasmion GmbH
7.2.4. Odotech Inc.
7.2.5. The eNose Company
7.2.6. AIRSENSE Analytics GmbH
7.2.7. Aryballe Technologies SA
7.2.8. Comon Invent BV
7.2.9. Sensigent LLC
7.2.10. Stratuscent Inc.

Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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