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3. Digital Scent Technology Companies - Siemens (Germany) and Amphenol Corporation (US) are the Key Players

The Digital Scent Technology market is projected to grow from USD 1.2 billion in 2024 and is projected to reach USD 2.0 billion by 2029; it is expected to grow at a CAGR of 10.5% from 2024 to 2029. The growth of the Digital Scent Technology market is driven by the rising adoption of compact, portable, and IoT-enabled e-noses; and integration of e-nose and synthesizers into smart homes.

Major players in the Digital Scent Technology market include Siemens (Germany), Amphenol Corporation (US), Sensirion AG (Switzerland), Honeywell International Inc. (US), and Renesas Electronics Corporation (Japan). Major strategies adopted by the players in the Digital Scent Technology market ecosystem to boost their product portfolios, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.

To know about the assumptions considered for the study download the pdf brochure

Major Digital Scent Technology companies include:

• Siemens (Germany)
• Amphenol Corporation (US)
• Sensirion AG (Switzerland)
• Honeywell International Inc. (US
• Renesas Electronics Corporation (Japan)
• Envirosuite Ltd (Australia)
• Alpha MOS (France)
• Electronic Sensor Technology (US)
• Aromajoin Corporation (Japan)
• Figaro Engineering Inc. (US)
• Bosch Sensortec GmbH (Germany)
• Alphasense (UK)

For instance, in February 2024, Honeywell announced strategic partnerships with analog devices and NXP Semiconductors at CES 2024, focusing on enhancing building automation and management solutions. The collaboration with analog devices aimed to improve BAS/BMS design for new and retrofit construction, emphasizing energy efficiency.

In April 2023, Renesas Electronics Corporation, a leading semiconductor solutions provider, pioneered support for Public Building Air Quality Standards with its ZMOD digital air quality sensors. The recently introduced firmware enabled engineers to configure the sensors, making them the industry's first to align with various global air quality standards for commercial & public buildings.

Siemens:

Siemens is engaged in offering automation and digitalization in process and manufacturing industries, intelligent infrastructure, distributed energy systems, smart mobility solutions, and medical technology. The corporate structure includes Siemens Aktiengesellschaft (Siemens AG) as the parent company, governed by German Federal laws and subsidiaries. As of September 30, 2023, Siemens has reportable segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, collectively forming the "Industrial Business", Siemens Financial Services (SFS), and Portfolio Companies supporting industrial activities and conducting independent business.

Siemens includes a wide product portfolio in industrial automation, building technology, consumer products, drive technology, energy, financing, healthcare, mobility, software, and services. The company's operations span a diverse range of industries, encompassing Aerospace and Automotive sectors to the vital functions within Campus, Cement, and Chemical Industry, the company's influence extends to crucial areas like Cranes, Data Centers, Distributors, and the dynamic Food and Beverage Industry. Its impact is also felt in sectors such as Digital Glass Production, Marine, Mining, Panel Building, Pharmaceutical Industry, Tire Manufacturing, and Transportation and Logistics. Moreover, the company plays a role in critical infrastructure areas like Water Industry and Wind Equipment.

Amphenol Corporation:

Amphenol Corporation is highly engaged in the manufacturing of interconnect products. The company is engaged in designing, manufacturing, and marketing of electrical, electronic, and fiber-optic connectors, coaxial and flat- ribbon cables, and interconnect systems. The company is among the leading providers of advanced sensing technologies and embedded measurement solutions. In October 2016, Amphenol acquired SGX Sensortech, an important player in the gas sensor business. SGX Sensortech offers gas sensors for sensing gases, such as carbon monoxide, carbon dioxide, oxygen, hydrocarbon, and methane, used in various industries, such as automotive, mining, and building automation. The company has business operations in the Americas, Europe, and Asia.

The company has strategically positioned itself to offer customers extensive design capabilities, a diverse product range, and superior quality and service globally. Ongoing initiatives for productivity enhancement and cost control underscore this commitment. As of January 1, 2022, the company realigned its operations into three distinct and reportable business segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

Related Reports:

Digital Scent Technology Market by Hardware Device (E-Nose, Scent Synthesizers), End-Use Product (Medical Diagnostic Products, Quality Control Products), Application (Medical, Food & Beverages, Military & Defense) and Region - Global Forecast to 2029

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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Northbrook, IL 60062
USA : 1-888-600-6441
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