MarkNtel Advisors who is leading market research company, has recently published a research report, titled Global “Smart Toys Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2024-30. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.
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Market Study Period
Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030): 15.4%
Global Smart Toys Market Insights:
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 report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.
Global Smart Toys Market Drivers:
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.
Explore the Complete Smart Toys Market Analysis Report - https://www.marknteladvisors.com/research-library/smart-toys-market.html
Which segments are covered in the Smart Toys Market Research Report?
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
By Application
Entertainment
Education
By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Top 10 Key Brands/Players in the Smart Toys Market
Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:
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.
Others
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