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. According to MarkNtel Advisors Study.
Global 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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Smart Toys Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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., and others are looking forward to strengthening their market positions.
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