Artificial Intelligence Is Fastest Growing Segment Fueling The Growth Of Electronic Nose Market

https://www.coherentmarketinsights.com/market-insight/electronic-nose-market-1723
Electronic Nose Market



Market Overview:
An electronic nose, also known as gas chromatography-electronic nose, utilizes various gas sensors combined with pattern recognition to detect odour. It operates like the human sense of smell and is used in food and beverage, healthcare, environmental monitoring and others. Advantages include high sensitivity, quick response, cost effectiveness and capability for real-time monitoring in non-destructive manner.

Market key trends:
The growing adoption of artificial intelligence (AI) in electronic nose devices is one of the key trends witnessed in the market. AI helps in complex pattern recognition when exposed to different odors and enables devices to accurately identify and classify odors. AI algorithms in electronic nose devices provide precision in odor detection beyond human capability. This also allows devices to learn from previous data and continuously improve identification abilities over time without reprogramming.

Segment Analysis
The global electronic nose market is segmented based on technology, vertical, and region. Based on technology, the market is segmented into metal oxide semiconductor (MOS) sensors, spectroscopy, conductive polymers, colorimetric, and others. Among these, the MOS sensor segment dominates the market and is expected to continue its dominance over the forecast period. MOS sensors offer high sensitivity, easy fabrication, and low cost, making them the preferred choice for electronic nose applications.

The global Electronic Nose Market Share is estimated to be valued at US$ 30.13 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights

Key Takeaways
The global electronic nose market is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period, due to increasing demand for quality inspection and quality control processes in food and beverage industries.

Regional analysis
North America holds the largest share of the global electronic nose market, followed by Europe and the Asia Pacific. The North American region dominates the market due to the presence of major electronic nose manufacturers and early adoption of technologically advanced products across various industries. The Asia Pacific region is expected to grow at the fastest pace over the forecast period owing to rapid industrialization and increasing focus on quality inspection processes in emerging economies of China and India.

Key players
Key players operating in the electronic nose market are Alpha MOS, E-Nose Pty, The E-nose Company, Electronic Sensor technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, Scensive Technology, Envirosuite Limited, RoboScientific Ltd., Chromatotec and Intelligent Optical Systems, Inc. Major players are focusing on new product launches and expansion strategies to gain a competitive advantage in the market.


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