Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Odor Sensor Market size is expected to reach $6.8 billion by 2028, rising at a market growth of 26.7% CAGR during the forecast period.
The Biosensors segment is showcasing a CAGR of 27% during (2022 - 2028). This is because, as a new method, biosensors are being used increasingly in the study of ligands and modulators and the study of taste and smell sensing mechanisms. Biosensors are typically created by combining biological functional elements derived from taste and olfactory systems with different transducers. The biosensors often display excellent performance for biochemical analysis and chemical detection.
The Medical Diagnosis segment acquired maximum revenue share in the Global Odor Sensor Market by Application in 2021 thereby, achieving a market value of $2.3 billion by 2028. This is because these tools may track bodily scents, such as those in the breath, and consistently and non-invasively identify a variety of illnesses. It is alluring to leverage the animal olfactory system's inherent sensitivity and natively tuned molecular identification of odorants to detect and classify minuscule quantities.
The One Element Odor Sensors segment has shown the growth rate of 28.5% during (2022 - 2028). This is due to the fact that the single-sensor element odor sensor, which has been in operation for more than a decade, can perform continuous monitoring and provide measurement data right away. The odor sensor must be calibrated for each odor constituent in order for it to match the nose's sensitivity. The long availability of the one-element odor sensor is expected to maintain its usage, which will surge the segment's growth in the projected period.
The Healthcare segment is leading the Global Odor Sensor Market by End Use in 2021 thereby, achieving a market value of $1.7 billion by 2028. This is owing to the fact that odor-sensor electronic noses are being created for a variety of conditions, including airway inflammation, diabetes, and kidney illness. The electronic noses can assess the effectiveness of hemodialysis and can differentiate between samples of sick and healthy breath (treatment for renal failure). Alkanes and aromatic chemicals in lung cancer are medically significant volatiles that may be detected and recognized by specially designed sensors.
The Asia Pacific market dominated the Global Odor Sensor Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.5 billion by 2028. The Europe market is exhibiting a CAGR of 26.2% during (2022 - 2028). Additionally, The North America market would display a CAGR of 26% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/odor-sensor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Panasonic Holdings Corporation, Honeywell International, Inc., Dragerwerk AG & Co. KGaA, Envirosuite Ltd., Figaro Engineering, Inc. (New Cosmos Electric Co., Ltd.), Aryballe Technologies, Membrapor AG, Alphasense, Inc., Aeroqual Ltd., and Comon Invent B.V.
By Sensor Type
By Instrument Type
By End User
Unique Offerings from KBV Research
North America Odor Sensor Market Future Scope & Opportunities 2022-2028
Europe Odor Sensor Market Size & Growth Forecast 2022-2028
Asia Pacific Odor Sensor Market Size, Share & Industry Outlook to 2028
LAMEA Odor Sensor Market Growth, Trends & Forecasts 2022-2028