Press release
Smart Toys Market Analysis 2023-2032: Emerging Trends, Rising Demand, Growth Rate.
Smart Toys Global Market
The Business Research Company's Smart Toys Global Market Report 2023 identifies increase in awareness of technology-led education as the major driver for the Smart Toys market's growth in the forecast period. Technology-led education refers to the integration of instructional technology into the learning environment of schools. This type of technology education will make learning fun and help children to learn more. Education value associated with such toys has increased participants to introduce more e-learning technologies with more advanced voice recognition features and hardware sensors that make the product more intelligent, interactive, and dynamic. E-learning is one of the biggest revolutions in the smart toys Industry.
The global smart toys market size grew from $14.11 billion in 2022 to $16.65 billion in 2023 at a compound annual growth rate (CAGR) of 18.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart toys market size is expected to grow to $35.11 billion in 2027 at a CAGR of 20.5%.
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Major competitors in the Smart Toys market are KNEX Industries Inc., The Lego Group, Mattel Inc., Hasbro Inc., JAKKS Pacific Inc., Robofi LLC, Primo Toys, Leapfrog Enterprises Inc., Sega Toys Co. Ltd., Pillar Learning, Dream International, and Leapfrog Entertainment.
A key trend in the Smart Toys market includes Technological advancement. Major companies operating in the smart toys sector are focused on developing new technological solutions to strengthen their position.
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The Smart Toys market is segmented -
1) By Technology?: Wi-Fi, Bluetooth?, Other Technologies (NFC And RFID)
2) By Distribution Channel: Online Market, Speciality Stores, Toy Shops
3) By Type: Robots, Interactive Games, Educational Robots
4) By Interfacing Device: Smartphone-Connected Toys, Tablet-Connected Toys, Console-Connected Toys, App-Connected Drones
5) By End User: Toddlers, Pre-Schoolers, School-Going, Stripling
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Smart Toys market.
The Business Research Company's "Global Smart Toys Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart Toys Market Include:
1. Executive Summary
2. Smart Toys market Characteristics
3. Smart Toys market Trends And Strategies
4. Smart Toys Forwarding Market - Macro Economic Scenario
5. Smart Toys market Size And Growth
……
27. Smart Toys market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Toys market
29. Smart Toys market Future Outlook and Potential Analysis
30. Appendix
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