Digital Scent Technology Market Size

Digital Scent Technology Market size was over USD 1.11 billion in 2023 and is projected to exceed USD 3.74 billion by 2036, witnessing over 9.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of digital scent technology is evaluated at USD 1.2 billion. The growth of the market can be attributed to the increasing advancement in technology, especially the development in the virtual reality technology. Digital scent technology lets one smell the product remotely, which is prominently applied in online shopping. The user can smell products, such as, fertilizers, disinfectants, animal & insect repellents, perfumes and colognes, and chemicals amongst others, using technically advanced products, such as e-nose and smelling screens. Increasing trend for online shopping and delivery system is estimated to boost the market growth. Furthermore, there have been various incidences of product leak or machinery failure at warehouses, leaving workers and delivery executives in a sensitive position. The digital scent technology can help avoid such tragedy, which is estimated to increase its adoption by major manufacturing companies.