February 02, 2022
According to the recent research report titled ‘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’, available with MarketStudyReport, global electronic nose market was worth USD 17.8 million in 2020 and is expected to expand at a CAGR of 12.44% over 2021-2027.
Global electronic nose market growth is primarily driven by product applications in healthcare and biomedicine, along with introduction of AI and neuromorphic computing in this field.
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As per the Centers for Disease Control and Prevention, salmonella causes 1.2 million infections, 23,000 hospitalizations, and 450 deaths in the United States each year. Such incidences have propelled the demand for e-nose.
For the uninitiated, electronic nose is studied as a part of biomimicry or biomimetics research in an attempt to mimic human olfaction and sense a certain perfume, aroma, or flavor. The device allows the operator to quantify and identify a blend of scents without becoming fatigued.
Electronic noses are used in the food industry for quality control, process monitoring, shelf-life analysis, freshness evaluation, and authenticity evaluation. The technology is expected to find many uses in the company because there are so many odor-based criteria for measuring quality, freshness, components, ripeness, and other things.
Researchers and academics at Fatih Sultan Mehmet University have developed a unique device that employs artificial intelligence to assist prevent food fraud. The technology can tell if the food sold in the stalls is real or not. Such advancements will further enhance global electronic nose market value in the forthcoming years.
Geographically, North America industry is expected to lead in terms of share, due to government and corporate authorities working towards establishing safe working environment in the region. Meanwhile, Europe market is projected to record robust CAGR over 2021-2027, owing to implementation of e-nose for disaster management.
Speaking of the competitive landscape, companies are focusing on R&D and new product development to elevate their position in this business sphere. For instance, Olfaguard, a Toronto-based start-up, intends to develop a pathogen-specific e-nose that can offer accurate high-specificity readings in minutes for a fair price, which will help prevent food poisoning.
Stratuscent Inc., Sensigent LLC, Comon Invent B.V., Aryballe Technologies SA, Airsense Analytics GmbH, The eNose Company, Odotech Inc., Plasmion GmbH, Electronic Sensor Technology Inc., and Alpha MOS SA are the major players influencing global electronics industry trends.