Electronic Nose (E-Nose) Market Size (2024 - 2029)

Electronic Nose Market Analysis

The Electronic Nose Market size is estimated at USD 128.20 million in 2024, and is expected to reach USD 247.70 million by 2029, growing at a CAGR of 14.10% during the forecast period (2024-2029).

An electronic nose is a technology utilized to explore biological olfactory function. It is used to distinguish complex volatiles, which can reproduce the structure and principle of the olfactory sense. With the development of society, the importance of olfactory application in the food industry, environmental detection, and medical treatment is increasing.

• The electronic nose has significant application value in identifying odors like wine, vegetables, cigarettes, etc. It is widely employed in odor detection, raw material inspection, quality signing, and sprinkling process management. It is also one of the indispensable tools for quality assurance and quality control. It is primarily used for maturity detection and species identification in fruit and vegetable testing.

• The e-noses have been around for several years but are typically large and expensive. The market is witnessing ongoing research focused on making the devices smaller, less expensive, and more sensitive. The smallest version of these solutions consists of a nose-on-a-chip, a single computer chip containing both sensors and processing components. Currently, industries perform tests with the help of gas chromatographs and human experts to test the flavors and scents of goods during production and measure their levels of freshness and damage.

• Technological advances, such as the cloud, AI (Artificial Intelligence), and the IoT (Internet of Things), have positively influenced the need for electronic nose technology. These advancements have been dynamic and have enhanced computing systems, one of the critical elements of the products in the electronic nose industry. The growing ability to bring Artificial Intelligence (AI) into the procedure of small, embedded sensor systems is creating significant opportunities for developers of e-noses. Instead of using a traditional algorithm to discriminate among sensor readings, machine learning helps train the system for a specific task.

• The market for e-noses is growing due to the introduction of neuromorphic and AI technologies and their growing adoption in various industries. However, the device's high initial cost is restricting its growth.

• The number of e-noses sold by various manufacturers depends on the technology basis of instruments, application needs, and, most importantly, the costs per unit. The devices are large and have high development costs, which reflects the high initial costs.

• Besides the direct impact on various market verticals studied, the global pandemic is also anticipated to have a long-term effect. For instance, since the pandemic outbreak, economies of multiple countries are still unable to recover as expected, which is bringing a shadow of economic recession, especially in North American and European regions. For instance, according to the International Monitory Fund (IMF) estimates, the real GDP growth of the United States is anticipated to remain in a slowdown phase till 2024 before regaining momentum again.

Electronic Nose Industry Segmentation

An electronic nose, a sophisticated device, can detect odors with greater efficacy than the human sense of smell. At its core, it features a mechanism designed for chemical detection. This intelligent sensing apparatus employs a selective array of overlapping gas sensors complemented by a pattern recognition component. The market is defined by the revenue generated by the sales of electronic nose devices globally.

The electronic nose market is segmented by end-user vertical (military and defense, healthcare, food and beverage, waste management (environmental monitoring), and other end-user verticals) and by geography (North America, Europe, Asia-Pacific, and the rest of the World). The market sizes and forecasts are provided in terms of value in USD for all the above segments.