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.
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