Press release
Smart Toys Market 2021 Business Scenario - Hasbro,Inc.,Sony Corporation,Ubtech Robotics,Inc.,Jakks Pacific,Inc
The Smart Toys Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global smart toys market is expected to register a CAGR of 28% in the forecast period.
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Top Leading Companies of Global Smart Toys Market are Make block Co.,Ltd.,Hasbro,Inc.,Sony Corporation,Ubtech Robotics,Inc.,Jakks Pacific,Inc.,Mattel,Inc.,TheLego Group,Playmobil,Basic Fun,Inc.,Leapfrog Enterprises,Inc.,Sega ToysCo.Ltd.,Vivid Imaginations,Pillar Learning and others.
Industry News and Updates
- June 2019 - Mattel, Inc. recently launched Hot Wheels id. Through innovative vehicle play, Hot Wheels id brings together physical and digital play in a Mixed Play experience with uniquely identifiable vehicles, a smart Race Portal, Smart Track, and digital hub, so that one can build a personalized fleet, measure the performance.
- January 2019 - Makeblock, a leading STEAM education solution provider, announces the official launch of The Neuron Artist Kit to unleash children’s artistic creativity with hands-on optical and electrical science projects and coding experience.
Key Market Trends
Technology Awareness helps Connected and App-Enabled Smart Toys is Expected to Drive the Market
- App-Enabled smart toys are expected to dominate the smart toys market as they are easy to use and deploy. Also, with the development of plenty of apps, it is the most sought after toy type. Advances in application programming interface (API) for connected toys is expected to enhance the market growth.
- Various factors such as connected toys, direct communication, real-time tracking of children’s activities, and in the storage of personal data that includes child’s name, photos and voice recordings which helps personalize the toys are some of the factors driving the app-based smart toys market.
- Increase in the number of internet users, coupled with the rising popularity of various hand-held devices such as smartphones and tablets together is driving the awareness and growth of app-enabled smart toys market worldwide. Also, it helps children learn while playing and encourage the development of essential skills like creativity, thinking outside the box, and problem-solving.
Regional Outlook of Smart Toys Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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https://www.marketinsightsreports.com/reports/01091746068/smart-toys-market-growth-trends-and-forecast-2020-2025?ModeA1
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Global Smart Toys Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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