Smart Toys Market Thrives, Anticipates 15.4% CAGR Growth by 2030

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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.

Market Overview: Global Smart Toys Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Smart Toys Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Smart Toys Market Insights 2024-30

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.

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Top Players in the 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

Segmentation Analysis of Smart Toys Market

Smart Toys Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-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.

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-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

A Comprehensive Geographical Analysis:

-By Region

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

Out of these, North America has experienced substantial growth in the Global Smart Toys Market in recent years. This has been largely due to the presence of significant market players across the region, who have been constantly investing in the development of better technology in smart toys. Additionally, the increasing participation of parents in the workforce, particularly in countries such as the US and Canada, would further drive the demand for smart toys. As working parents seek ways to provide both entertainment and educational experiences for their children, the market for smart toys is poised to continue its upward trajectory in North America.

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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 115.4 diverse industrial verticals.

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