Smart Toys Market Anticipates Robust 15.4% CAGR for 2024-30

Smart Toys Market

Global Smart Toys Market Insights Report Overview

Dive into the latest insights on the Global Smart Toys Market with our comprehensive report, accurately curated by the experts at MarkNtel Advisors. Our report offers a thorough examination of the global landscape, providing valuable data, impartial analysis, and strategic insights to drive informed decision-making.

Report’s Study Period:

  • Historical Period: 2019-22
  • Base Year: 2023
  • Forecasting Period: 2024-30

We accurately gather data from primary and secondary sources, capturing the industry’s historical fluctuations and trends, including market dynamics, consumer behavior, manufacturing insights, and more. Leveraging this data alongside the base year information, we project the industry’s trajectory into the future.

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Industry Driving Factor:

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.

Segmentation Summary: Global Smart Toys Market

Our report delves into the intricate segmentation of the Smart Toys Market, providing insights into each subdivision’s trajectory, trends, and advancements. This analysis empowers stakeholders to navigate the industry landscape with precision, understanding the nuances of each segment.

-By Application

  • Entertainment
  • Education

Among them, the education segment has emerged as a dominant application in recent years. This has been majorly attributed to the significant presence of smart toys offering educational experiences in different segments, especially coding. Also, the integration of STEM (Science, Technology, Engineering, and Mathematics) concepts has been further allowing children to develop essential cognitive and problem-solving skills. Moreover, as companies come up with more technological advancements, the demand for smart toys for educational purposes would amplify in the coming years as well.

-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

Leading Competitive: Global Smart Toys Market

  • 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

Geographical Reach:

The Smart Toys Industry spans across various regions, each characterized by unique cultural, regulatory, and economic factors. Our regional analysis provides a comprehensive overview and forecast, considering these differences and assessing market players’ presence, consumer preferences, and more.

-By Region

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

For inquiries or further discussions, connect with our analyst today to unlock the full potential of the Smart Toys Industry.

Key Focus Areas:

  • What are the primary drivers and trends influencing the Smart Toys Industry’s growth, and how is the market structured?
  • How are segments within the Smart Toys Industry defined, and what is the size of each segment?
  • Which segments and geographical regions present the most promising growth opportunities?
  • What does the competitive landscape look like, and how do key players position themselves within the market?

About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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