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Smart Toys Market Size, Scope, Revenue, Key Manufacturers, Challenges, Investment Opportunities and Forecast 2032: SPER Market Research
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Smart Toys Market Overview:
Forecast CAGR (2022-2032): 16.75%
Forecast Market Size (2032): 64.84 billion
These toys provide children a personalized play experience thanks to inbuilt software that facilitates speech and image recognition, app integration, RFID technology, and web searching. For instance, CogniToys' Dino uses Wi-Fi to stay connected and IBM Watson's natural language processing technology to tailor its responses depending on the child's age and skill level.
Impact of COVID-19 on the Global Smart Toys Market
The retail industry's supply chain has suffered greatly as a result of the COVID-19 epidemic. On the market for smart toys, the COVID-19 epidemic has a big impact. The Covid-19 pandemic has affected the toy industry by increasing the number of sufferers and disrupting the supply chain. A further factor that affected the market for smart toys in the early stages of the epidemic was labour constraints. Due to social media platforms' support and the influence of the media and TV industries during the epidemic, the sector's growth was boosted.Severe lockdowns have been imposed across the globe as a result of the Covid-19 outbreak. As a safety precaution, the imposed lockdown has increased work-from-home activities and closed down schools and other educational institutions. During Pandemic billion students worldwide would not be able to attend school, according to the most recent statistics provided by UNESCO. Around the world, a lot of schools, colleges, and universities are closed. These developments have enhanced the likelihood that smart toys will be adopted globally as they support remote learning strategies and give kids engaging, immersive experiences.
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Smart Toys Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Type:
App-enabled Mechanical Toys
Health-Tracking Toys or Wearable
Puzzle and Building Games
Screen less Toys
Toys-to-life
Voice or Mechanical Toys
By Technology:
Bluetooth
RFID
Wi-Fi
By Distribution Channel:
E-Commerce or Online Store
Offline Stores
Specialty Stores
Toys Shops
By Region:
Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
This report also provide the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
Smart Toys Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Doctros's Associates Inc, Dream International Ltd, Fisher Playments Toys Inc, Hasbro Inc, Konami Corporation, Leapfrog Enterprises, Lego Systems A/S, Leka Smart Toys, Pillar Learning, Playmobil, Robofi LLC, ROYBI Robot, Sanrio Company Ltd, Sega Toys Co Ltd, Tomy Company
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