Press release
Smart Toys Market Expected to Rise at a CAGR of 16.3% during 2023-2028 | IMARC Group
Smart Toys Market Overview:
Smart toys are equipped with sensors, processors, and wireless connectivity, enabling them to interact with children in a variety of ways. These toys can be connected to smartphones, tablets, or other devices, allowing children to control them remotely and access additional features or content. Smart toys come in various forms, including dolls, robots, cars, and educational games.
They use artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) to engage with children and provide personalized learning experiences. Nowadays, smart toys are becoming increasingly popular as parents seek to provide their children with engaging and educational toys that incorporate the latest technologies.
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Global Smart Toys Industry Growth:
One of the primary factors driving the market is the increasing demand for interactive and educational toys that incorporate the latest technologies, such as AI, augmented reality (AR), and ML. These technologies provide children with engaging and immersive learning experiences that promote cognitive development and creativity. Another factor driving the market is the rising penetration of internet-connected devices and the growing trend of smart homes. Smart toys that can be controlled through smartphones, tablets, or other devices offer parents and children greater convenience and ease of use.
Furthermore, the increasing focus on STEM (Science, Technology, Engineering, and Mathematics) education is escalating the demand for smart toys that promote coding, robotics, and engineering skills. These toys provide children with hands-on learning experiences that are both fun and educational. Moreover, the outbreak of coronavirus disease (COVID-19) pandemic has also accelerated the adoption of smart toys, as parents and children spend more time at home and seek new ways to stay engaged and entertained.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/smart-toys-market
Top Smart Toys Manufacturers Worldwide:
• fischertechnik GmbH
• Kreyonic Inc.
• LeapFrog Enterprises Inc. (VTech Holdings Limited)
• Mattel Inc.
• Pillar Learning
• PlayShifu
• Primo Toys
• ROYBI Robot
• The Lego Group
• WowWee Group Limited.
Key Market Segmentation:
Breakup by Product:
• Robots
• Interactive Games
• Educational Toys
Breakup by Technology:
• Wi-Fi
• Bluetooth
• Others
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Online Stores
• Specialty Stores
• Others
Breakup by Interfacing Device:
• Smartphone Connected
• Tablet-Connected
• Others
Breakup by End User:
• Toddlers
• Pre-Schoolers
• School-going
• Stripling
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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