Smart Toys Market

Smart Toys Market Expects CAGR Growth to Approx. 15.4% by 2030

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Report Overview:

The following report titled “Global Smart Toys Market: By Technology (Wi-Fi, Bluetooth, Others (RFID, NFC, etc.)), By Distribution Channel (Online, Stores), By Age Group, (2 to 5 Years, 6 to 8 Years, 9 to 12 Years, >12 Years) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Global Smart Toys Market Summary

The Global Smart Toys Market size is estimated to grow at a CAGR of around 15.4% during the forecast period, i.e., 2024-30. The market has been majorly influenced by the rising preference of consumers for alternative toy solutions, which are more interactive and engaging for children.

Report Coverage & Details

  • Forecast Period: 2024-2030
  • Base Year: 2023
  • CAGR: 15.4%

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Smart Toys Market Driver:

Rising Preference of Educational Learning Toys Among Consumers – The rising inclination of parents toward educational toys for their children has been supporting the growth of the smart toys market in recent years. This has been primarily attributed to the rising awareness among parents regarding the importance of childhood education, and the strong memories created during this age. These factors have led to a strong desire among consumers to provide educational toys to their children at the right age to improve their cognitive skills. Moreover, in response to this consumer trend, companies have initiated the expansion of their educational smart toy offerings to meet the growing demand in the market. For instance,

  • In 2023, Sony Group Corp. introduced its Toio programmable robotic toy in China, aimed at nurturing creativity and imagination in children from kindergarten to primary school and educational institutions, as part of their expansion in the STEM education market.

Hence, as companies develop better educational toys, it is expected to lead to the expansion of Global Smart Toys Market in the coming years.

Segmentation Analysis: Smart Toys Market

By Technology

  • Wi-Fi- Market Size & Forecast 2019-2030, USD Million
  • Bluetooth- Market Size & Forecast 2019-2030, USD Million
  • Others (RFID, NFC, etc.)- Market Size & Forecast 2019-2030, USD Million

By Distribution Channel

  • Online- Market Size & Forecast 2019-2030, USD Million
  • Stores- Market Size & Forecast 2019-2030, USD Million

By Age Group

  • 2 to 5 Years- Market Size & Forecast 2019-2030, USD Million
  • 6 to 8 Years- Market Size & Forecast 2019-2030, USD Million
  • 9 to 12 Years- Market Size & Forecast 2019-2030, USD Million
  • >12 Years- Market Size & Forecast 2019-2030, USD Million

By Application

  • Entertainment- Market Size & Forecast 2019-2030, USD Million
  • Education- Market Size & Forecast 2019-2030, USD Million

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Region: North America Holds a Major Market Share

Among all regions globally, North America is anticipated to dominate the Smart Toys Market with the largest share during 2024-30.

Leading Players Analysis: Smart Toys Market

The report provides detailed analysis of key players in the global Smart Toys market, highlighting their strategies and competitive scenario.

  • TOSY Robotics
  • Wonder Workshop, Inc
  • Indiegogo, Inc.
  • Sphero, Inc.
  • MORAVIA Consulting spol. s r.o.
  • Innokind, Inc.
  • Pillar Learning
  • WowWee Group Limited
  • Pilot Laboratories, Inc.
  • Mattel Inc.
  • MobilizAR Technologies Pvt Ltd.
  • Robo Wunderkind
  • Learning Resources Ltd.
  • UBTECH Robotics Corp LTD.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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Key Benefits for Stakeholders:

  1. Informed Decision-Making: Access to comprehensive and insightful market research reports enables stakeholders to make well-informed decisions, leading to more strategic and successful initiatives.
  2. Strategic Planning: The strategic reports provided by MarkNtel Advisors empower stakeholders to formulate robust strategies for market entry, product development, and competitive positioning.
  3. Market Sizing & Forecasting: Stakeholders can benefit from accurate market sizing and forecasting data to make informed investment and resource allocation decisions, minimizing risks and maximizing returns.
  4. Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
  5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

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