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Odor Sensor Market size expected to reach USD 17.2 Bn by 2029, at a CAGR of 28 percent over the forecast period

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Pune, April 07, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Electronics market research firm, has published a competitive intelligence and market research report on “Odor Sensors Market“. The Odor Sensor market size was valued at USD 1.8 Bn in 2022. The total Odor Sensors Market revenue is expected to grow at a CAGR of 28 percent from 2022 to 2029, reaching USD 17.2 Bn during the forecast period.

Market Size in 2021 USD 1.8 Bn
Market Size in 2029 USD 17.2 Bn
CAGR 28 percent (2023-2029)
Forecast Period 2023-2029
Base Year 2022
Number of Pages 266
No. of Tables 125
No. of Charts and Figures 135
Segment Covered Sensor type, Instrument type, Application, and End User
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/183762

Odor Sensor Market Scope and Research Methodology

The report is a detailed analysis of the Odor Sensor Market covering all the major aspects such as segments, country-wise, and region-wise. For a better understanding of Odor Sensor Market penetration, Odor Sensor Market share, competitive structure, pricing analysis, and demand analysis of the market are undertaken at the local, regional and global levels.

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Major companies are mentioned by region, along with their revenue, portfolio, developments, mergers & acquisitions, and strategic alliances, for competitive analysis of the Odor Sensor Market. Growth potential and business forecast for new market entrants are provided in the Odor Sensor Market report.

Odor Sensor Market is segmented based on Sensor type, Instrument type, Application, and End User to understand the variables and impact on the market growth. Bottom-up approach was used to estimate the Odor Sensor market size. The primary and secondary methods were used to collect data from the market. SWOT analysis was conducted to provide the strengths and weaknesses of the Odor Sensor market.

Odor Sensor Market Overview

Odor sensor detects and measures compounds in the air that creates smell known as volatile organic compounds (VOCs). Odor Sensors are used in various applications such as air quality monitoring, and Industrial process control. The adsorption of volatile compounds on the sensor surface causes a physical change of the sensor.

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Negative effects of air pollution on health to drive the Odor Sensor Market growth

Increasing demand for smart homes, automation, food safety, and quality control is expected to drive the Odor Sensor Market growth. The sensor is responsible for the reception of stimulus initiated by odorants and transmission of signal referred to as the olfactory system. Technological advantages of odor sensors are that the odor detection is comprehensively analysed and results in the growth of Odor Sensor market share. Odor sensors detect odor with the help of biotechnology. The odor sensor is made up of biosensor and technical sensors.

High cost of odor sensors and technological limitations in the emerging countries is expected to hamper the Odor Sensor industry growth. Emerging healthcare applications & medical diagnosis, IoT for smart odor monitoring to reduce human involvement is expected to present a lucrative opportunity for the Odor Sensor Market growth.

Types of odor sensors are Metal Oxide Semiconductor (MOS) sensors, electrochemical sensors, Biological sensors, Photoionization Detector (PID), and Infrared (IR) sensors.

Growing Industrialization in Asia Pacific is expected to boost the Odor sensor market growth

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Rapid industrialization and increasing demand for power and energy with emission of pollutants and exhaust gases is expected to influence the Odor Sensor market growth in the region. Stringent government regulations in China, India, and Japan for the emission of air pollutants is expected to create opportunity for the odor sensor market competitors in the region. Investment by the key players in the market in terms of revenue and solutions by the government in the region is significantly contributing for the growth of market.

North America region is expected to hold a significant market share in terms of revenue over the forecast period. In European region, Germany is expected to dominate the odor sensor market in 2022 and is expected to continue the dominance over the forecast period.

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Odor Sensor Market Segmentation

By Sensor Type:

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  • Biosensors
  • Chemical Sensors
  • Mass Spectrometry Sensors
  • Differential Optical Absorption Spectrometers
  • Others

Based on Sensor type, the Chemical sensor segment is expected to dominate the Odor sensor market growth over the forecast period

Chemical sensors are devices used for measurement that converts chemical or physical property of an analyte into measurable signal. These sensors are used in applications such as medical, automotive, nanotechnology, and home detection systems.

By Instrument Type:

  • One Element Odor Sensors
  • Multiodor Sensors

By Application:        

  • Smell Visualization and Standardization
  • Food Quality Control
  • Medical Diagnosis
  • Air Control and Environmental Monitoring
  • Others

Based on Application, Medical Diagnosis segment is expected to dominate the Odor Sensor market over the forecast period

These sensors are used to diagnose and treat diseases in the medical domain. Fluorescent signal are send with drug concentration, which is detected through the skin.

By End-User:

  • Military and Defense
  • Agriculture
  • Healthcare
  • Entertainment
  • Renewal Energy Generation and Waste Management
  • Food and Beverages
  • Cosmetics
  • Others

Odor Sensor Key Players Include:

  • Envirosuite
  • Figaro
  • Panasonic
  • Honeywell
  • Aryballe
  • New Cosmos Electric Co. Ltd.
  • Drager
  • Aeroqual
  • Comon Invent B.V.
  • Membrapor
  • Electronic Sensor Technology
  • Durr Systems

Get the Sample PDF of the Report: https://www.maximizemarketresearch.com/request-sample/183762

Key questions answered in the Odor Sensor Market are:

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  • What is Odor Sensor?
  • What was the Odor Sensor market size in 2021?
  • What is the expected Odor Sensor market size by 2029?
  • What is the growth rate of the Odor Sensor Market?
  • Which are the factors expected to drive the Odor Sensor market growth?
  • Which segment dominated the Odor Sensor market growth?
  • What is the demand pattern for the Odor Sensor market?
  • Which region held the largest share in the Odor Sensor market?
  • Who are the key players in the Odor Sensor market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Sensor type, Instrument type, Application, and End User
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Electronics research firm, has also published the following reports:
CO2 Gas Sensor Market: The total market size was valued at USD 375.5 Mn in 2021 and revenue is expected to grow at a CAGR of 9.2 percent from 2022 to 2029, reaching USD 759.26 Mn. High demand for CO2 gas sensors in key industries is expected to fuel market growth.

Wireless Brain Sensors Market: The total market size was valued at USD 432.67 Mn in 2021 and is expected to reach USD 985.42 Mn by 2029, at a CAGR of 10.84 percent during the forecast period (2022-2029). Growing Prevalence Rate of Traumatic Brain Injuries is expected to fuel the market growth.

Air Quality Sensors Market: The total market size was valued at USD 4.57 Bn in 2021 and is expected to grow at a CAGR of 8.37 percent reaching USD 8.69 Bn over the forecast period. Increasing Pollution in the Environment and growing urbanization with economic growth is expected to fuel the market growth.

Smart Sensor Market: The total market size was valued at USD 42.92 Bn in 2021 and is expected to grow at a CAGR of 16 percent through 2021 to 2029, reaching USD 140.70 Bn. Rapid rate of digitization and the increase in requirement for industrial automation is expected to drive the market growth.

CMOS image sensor Market: The total market size was worth USD 19.91 Bn in 2022 and is expected to grow at a rate of 8.5 percent from 2023 to 2029, reaching almost USD 35.25 Bn in 2029. Increased camera adoption in artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) applications is expected to drive the market growth.

About Maximize Market Research:

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

VeriPark and FICO Announce Strategic Partnership to Transform Financial Services

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ISTANBUL, June 26, 2024 /PRNewswire/ — VeriPark and FICO have launched a partnership to revolutionize the financial services sector through AI-driven decision making and digital transformation.

 
The collaboration between VeriPark, a global provider of innovative digital solutions, and FICO, a renowned analytics software company, will enhance decision-making and promote financial inclusion across Turkey, the Middle East, Africa, Asia and CIS regions.
Combining FICO’s decision automation, optimization and omnichannel communications capabilities with VeriPark’s customer engagement, omni-channel delivery, branch automation and loan origination solutions, the partnership aims to improve customer experience and accelerate digital transformation.
“We are excited to bring FICO’s cutting-edge technology to our region. This collaboration will enhance customer experiences and operational efficiency across the financial services sector. Integrating FICO’s technology with our solutions represents a significant leap forward, ensuring we stay ahead in a rapidly changing environment. We look forward to showcasing our joint success stories soon,” said Ozkan Erener, CEO of VeriPark.
“The combination of FICO and VeriPark’s strengths brings a unique blend of innovation to the market. Our goal is to help build a better society by bringing more people into the banking system, and our partnership with VeriPark is a critical step towards achieving that. FICO has been working with AI since 1992, and we are eager to introduce this long-standing expertise to businesses in this region through our collaboration with VeriPark.” said Alexandre Graff, Vice President of Global Partners & Alliances, FICO.
About VeriPark (https://www.veripark.com)VeriPark is a global solutions provider enabling financial institutions to become digital leaders with its Intelligent Customer Experience suite. With offices located in United Kingdom, Europe, the United States & Canada, Asia, Africa and the Middle East, VeriPark is helping businesses to enhance their customer acquisition, retention and cross-sell capabilities by providing proven, secure and scalable Customer Relationship Management, Omni-Channel Delivery, Branch Automation, and Loan Origination solutions.
About FICO (https://www.fico.com/)FICO powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries.
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Artificial Intelligence

Altair Names Devoteam Channel Partner for the EMEA Region

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Devoteam to offer Altair’s leading data analytics and AI solutions throughout the EMEA region
TROY, Mich., June 26, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to welcome Devoteam as a new channel partner for the EMEA region. Within the partnership, Devoteam will offer Altair’s leading data analytics and artificial intelligence (AI) solutions to its customers throughout the EMEA region.

“Partnering with Devoteam underscores our dedication to shaping the future of technology,” said Kimon Afsaridis, managing director of Eastern Europe and vice president of indirect EMEA sales, Altair. “This partnership marks a pivotal moment in our global expansion strategy, reinforcing our mission to lead and innovate in AI and beyond.”
“Together, Devoteam and Altair will help industrial companies harness the power of data to improve their efficiency, productivity, and competitiveness,” said Pablo Martin, industry and retail business unit director, Devoteam. “This collaboration is an important step in our commitment to help companies, particularly in the industrial sector, better their digital transformation efforts.”
Devoteam boasts more than 25 years of passion for tech and more than 11,000 tech-native specialists in offices in 25 countries. The company believes that technology combined with strong human values can drive change for the better, and specializes in managing large-scale projects while remaining agile enough to deliver customized solutions.
Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit https://altair.com/altair-partners.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit https://www.altair.com.
Media contacts
Altair Corporate
 Altair Investor Relations
Bridget Hagan
 Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
 [email protected]
Altair Europe/The Middle East/Africa 
Charlotte Hartmann
+49 7031 6208 0
[email protected]
 
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Artificial Intelligence

IBM Study: Fan Engagement and Consumption of Sports Shifting, Reveals New Opportunities for Technology Integrations including AI

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International sports fans surveyed are optimistic about the impact of technologies like AI on their digital sports experiences.Real-time updates and personalized content rank as top priorities for fans when it comes to how generative AI can enhance following and engaging with sports events.Younger sports fans overwhelmingly embrace AI-powered experiences and digital platforms for sports content consumption and engagement.ARMONK, N.Y., June 26, 2024 /PRNewswire/ — As sports fans worldwide tune in to a myriad of athletic events this summer, new research commissioned by IBM (NYSE: IBM) reveals a growing generational shift and acceptance of technology-driven experiences that will impact the future of sports consumption.

The international study*, conducted by Morning Consult, gathers insights from more than 18,000 sports fans across 10 countries to better understand both how they follow and engage with sports, including live coverage, highlights, and summaries, as well as preferences for future engagement and consumption. The findings confirm that fans are prioritizing more personalized and time-saving digital sports content, with the majority recognizing the positive impact technologies like artificial intelligence (AI) will have on these experiences.
The data also confirms that younger sports fans are more likely to favor AI-enhanced features as they increasingly turn to digital platforms for sports content. Surveyed fans aged 18-29 are using a mobile phone or tablet as their primary device to watch sporting events more often than older fans, with subscription streaming of live sporting events being most popular among the younger age group. More than half (58%) of 18-29 year old respondents also believe AI will have a positive impact on sports.
Alternatively, respondents from older age groups remain loyal to traditional methods of consumption, with linear broadcasting being most popular among fans 45+. Forty percent of surveyed fans over the age of 55 believe AI will have a positive impact on sports.
“Fans worldwide are continuing to embrace platforms and solutions that allow them to feel more connected and informed on their favorite sporting events and athletes, and IBM’s new study confirms this now includes embracing technologies like AI to deliver these experiences,” said Noah Syken, Vice President, Sports and Entertainment Partnerships. “IBM’s longstanding portfolio of Sports and Entertainment partnerships aims to deliver on these expectations from fans by putting in the hands of our partners the most advanced IBM technologies from our AI and data platform watsonx.”
Other key study findings include:
Fans are optimistic about the impact of technology on sports, paving the way for generative AI powered experiences
63% of respondents point to data analytics as having the most positive impact on sports, while 50% of respondents think AI will have a positive impact.When it comes to how generative AI can improve engagement, surveyed sports fans identify real-time updates (34%) and personalized content (29%) as the top priorities.India, UAE and Saudi Arabia rank the highest in countries where fans are prioritizing real-time updates and personalized content powered by generative AI.Fans now prioritize personalized, bite-sized content when it comes to their consumption of sport content
More than half (56%) of respondents turn to social media for additional sports content; 46% are getting additional content from broadcast/video news while 35% are turning to news articles.64% of those fans engaging in additional sports content are viewing highlight videos of best moments; 48% are consuming post-match recaps and analysis.Among those engaging in additional sports content, respondents rank summarized content (33%) as their top priority followed by personalized content (26%).Sports fans are watching event summaries more often, with 41% of respondents indicating they watch summaries or highlights weekly; 24% report daily engagement.Younger fans may be reshaping how consumers experience sports content, as they engage with content via multiple screens and are more likely to favor AI-powered enhancements
Younger fans (18-29) are most likely to view sports highlights through social media over other platforms.When it comes to consuming sports content, fans aged between 18-29 are more likely to rank personalized content as their top priority.Fans aged 18-29 are more likely to rate AI improvements as high priority, with real-time updates (40%) and personalized content (36%) topping the list of priorities.While real-time updates (26%) and personalized content (19%) also top the list of AI improvement priorities among older fans (55+), these respondents are much less likely to consider AI improvements a high priority.Younger fans are also more likely to be using multiple devices while engaging with sporting events than older fans (55+). 10% of younger fans surveyed use three or more devices while watching sports compared to only 2% of older fans.While TV is the most common method for viewing sports, fans are increasingly using multiple devices to follow sporting events
64% of surveyed fans say linear or streaming TV is their top choice for watching sports.31% of respondents say they are most likely to watch a live sporting event on linear broadcast; 28% say they use a subscription streaming service and 23% use a free streaming serviceSubscription streaming of live sporting events is most popular among younger fans aged between 18-29.Mobile devices are a noteworthy alternative for watching sports, with 20% of consumers reporting it is the top way they watch sporting events and 38% saying it is their second most likely options.28% of surveyed sports fans use at least two devices while watching sporting events; 24% report they use at least two devices while listening to sportsFans between 18-44 are more likely to be using three or more devices.Respondents rank multi-tasking as the top reason for using multiple devices when consuming sports, followed by finding more game information while watching or listening to the sport.To view the full study, visit: https://newsroom.ibm.com/image/IBM+Global+Sports+Attitudes+and+Behaviors+Report+June+2024.pdf
*Study MethodologyThis survey was conducted in May 2024 among a total sample of 18,082 sports fans 18+ in the US, Canada, the UK, France, Germany, Italy, Spain, India, the UAE, and Saudi Arabia. The interviews for each country were conducted online, and the data is unweighted, with ~2,000 responses per market in the US, Canada, the UK, France, Germany, Italy, Spain, and India and ~1,000 responses per market in the UAE and Saudi Arabia.
To qualify for this survey respondents must be at least an average sports fan and follow one or more of the following sports: Soccer, Cricket, Tennis, Basketball, Baseball, Rugby, Golf, American football, F1 racing, Track and field, Swimming, and the Olympics.
About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media Contacts:
Sarah BenchaitaIBM Corporate [email protected]
Marisa ConwayIBM Corporate [email protected]
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