The world No.1 has not claimed one of golf's big-four titles since securing his 14th major triumph at the 2008 US Open. Scott, Justin Rose and Graeme McDowell are among those to have taken advantage by claiming maiden successes.
Asked if Woods was now less of a factor in the majors, Scott responded: "I don't think he's become less of a factor, he is still obviously a favourite in everyone's mind, including the players'. I just feel the way it has been shared around a little bit lately, my generation have raised the level of their game over the last couple of years and believe it's their time.
"They are not worried about Tiger Woods or Phil Mickelson or a young guy like Rory McIlroy, they are into their own thing. I don't necessarily think Tiger is not a factor; he certainly is. He's the No.1 player in the world and he is always there or thereabouts. He is on a dry spell at the moment and that's what happens in a career.
"Jack Nicklaus had a run like that and he is still the greatest player of all time. It wouldn't surprise me if Tiger comes back and wins again this year but my generation are feeling like their time is now so they have to take advantage of it."
Speaking on a teleconference ahead of his Masters defence in April, Scott revealed his choice of menu for the traditional champions' dinner would have "an Australian theme", adding: "I want to serve something everyone will enjoy, but nothing too crazy. Whether that means they are eating kangaroo I'm not sure yet. We will see."
Missing from Augusta National this year will be the Eisenhower Tree on the 17th hole, which was removed at the weekend after suffering storm damage. President Dwight D Eisenhower famously lobbied to have the loblolly pine removed after tangling with it on many occasions.
Scott said: "It will be part of Augusta history forever but the course had evolved over the years with natural changes and man-made changes. It was a pretty tight hole, so from a golfing standpoint seeing a little bit more of the fairway will be a nice thing."