Report Explores the Global Smart Toys Market Size, Demand, Growth, Analysis and Forecast to 2024

The Smart Toys Market’s segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR’s report also covers drivers and restraints in the smart toys market.

Infinium Global Research’s report covers the annual growth of the global smart toys market. It also includes chapters on the global smart toys industry trends, geographic analysis, and competitive landscape.

The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

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Smart Toys Market: Industry Insight

Smart toys are known as connected toys or intelligent toys. They enable the interaction between the child and the toy via a smart device. The smart toys contain several sensors, cameras, recorders, and other smart equipment through which they can communicate with the children.

Smart Toys Market: Driver and Restrain

Currently, the trends of high tech and intelligent toys that can program themselves and be the controllers by children are rising rapidly. Thus, these factors are driving the growth of smart toys market worldwide. The smart toys help in the children’s education and learning process that is anticipated to create a huge demand for the smart toys market. However, security-related issues and high cost are expected to hamper the growth of smart toys market. This is the emerging technology that has tremendous growth opportunities in the future market. Additionally, the ongoing research and development activity and growing awareness about the advantages of smart toys are projected to escalate the growth of smart toys market over the forecast period.

Smart Toys Market: Segmentation

The global smart toys market is segmented into type, control type, distribution channel, and end user. In terms of types, the market is further categorized into educational robots, robots, and interactive games. Educational robots are designed to use in the teaching and learning process. They use different tools including robotics kits, programming software, and computer to enhance the collaboration and communication among students. The growing adoption of robots from education sectors is driving the growth of smart toys market. Furthermore, the ongoing research and developments in the field of robotics are projected to create several growth opportunities in this market in the upcoming years.

By control type, the global market of smart toys is divided as wired, and wireless. On the basis of the distribution channel, the sub-markets include retail/stationery shops, specialty toy shops, and online market. Moreover, the end user categorizes the market into school going, preschoolers’, and toddlers. The growing demands of smart toys from these end users are favoring the growth of smart toys market.

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Smart Toys Market: Regional Insight

Regionally, North America dominates the smart toys market followed by Europe. The high rate of adaptation of new technology is primarily driving the growth of smart toys market in North America. Additionally, the presence of major vendors and growing demand for smart technologies for the children are contributing to the growth of North America smart toys market. Furthermore, Asia Pacific is the fastest growing region in this market owing to the rapidly rising wariness about the benefits of smart toys and growing educational sectors.

Smart Toys Market: Comparative Analysis

The key players in the smart toys market include Reach Robotics, WowWee Group Limited, Seebo® Interactive LTD, Spin Master Ltd., LeapFrog Enterprises, Inc., Hasbro, LEGO, PLAYMOBIL, and KONAMI. Introduction of new technology will help this market to grow in the near future. The established and new players are focusing on the integration of new and advance technology such as augmented reality with the smart toys to provide a new platform to the children.

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Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the Smart Toys.
• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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