Press release
Connected Toys Market 2021-2026: Trends, Scope, Demand, Opportunity and Forecast
The Connected Toys Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Connected Toys market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Connected Toys market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Connected Toys market.The connected toys market was valued at USD 7.62 billion in 2020 and is expected to register a CAGR of 24.3% over the forecast period (2021 - 2026).
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Top Leading Companies of Connected Toys Market are - Mattel, Inc., Hasbro, Inc., Sphero, Wonder Workshop, Inc., Sony Corporation, WowWee Group Limited, Leka SAS, LEGO System A/S, Bandai Namco Entertainment, Inc., Anki inc. and others.
Industry News and Updates:
- July 2019 - Bandai Namco launched a new platform, Tori, which will combine physical toys with iOS and Android apps. Tori is the product of a strategic collaboration between Bandai Namco and the French technology firm ISKN.
- June 2019 - Mattel Inc. signed a licensing pact with Sanrio Inc. to design and develop products based on Sanrio’s Hello Kitty and other characters. That will add to a Mattel stable that includes the iconic Barbie doll and Fisher-Price toys, Hot Wheels, and American Girl dolls.
Key Market Trends:
Smartphone Connected Toys are Expected to Witness Significant Growth
- Connected toys, also considered as smart toys, come are available in various shapes and designs. Still, all having one common element is connectivity allowing the children to interact with the toy through a smart device or smartphone. Many manufacturers have been producing toy units that can fly using nothing more than an app and a Wi-Fi or Bluetooth connection.
- With the rapid technological advancements, children’s toys are already computerized and connected to the internet and will continue to witness many more upgrades in the near future. Moreover, an increase in the number of internet users, coupled with the increased adoption of various hand-held devices like smartphones and tablets, is driving the market across the globe.
North America is Expected to Hold the Largest Market Share
- North America is expected to dominate the global connected toys market with a major market share. The rapid adoption of technological advancements in the region and the integration of technology in various learning and leisure gadgets and high penetration of connectivity services stand to be key factors driving the market's growth.
- Increasing adoption of these toys among toddlers and preschoolers in the US and Canada on account of strong product awareness through e-commerce portals and print and digital media is expected to remain a favorable factor over the coming years. Various toy providers and manufacturers are making significant developments and innovations in their products and offerings, which will further contribute to the region's growth.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Connected Toys Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Connected Toys Market (%),2016 - 2026
- Connected Toys Market Share, By Brand
- Connected Toys Market Share, By Company
- Connected Toys Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Connected Toys Market Value Analysis & Forecast
- Promising Connected Toys Development by Major Companies
- Detailed Connected Toys Portfolio of the Major Companies
- Major Deals in the Connected Toys Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592754/connected-toys-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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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