Press release
Smart Toys Market to Triple by 2030 with 16.4% CAGR Growth
Smart Toys Market
The global smart toys market is experiencing unprecedented growth, with its valuation standing at USD 12.94 billion in 2023 and an anticipated surge to USD 37.47 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 16.4%.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
The rapid advancement in technologies such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) has revolutionized the toy industry. Modern smart toys are now equipped with features that promote educational development, enhance entertainment, and ensure safety through parental controls. These innovations are not only captivating young minds but also reassuring parents about the benefits and security of these interactive playthings.
๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/17231/
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐
Vietnam's toy market has been on an upward trajectory, with revenues reaching USD 951 million in 2023. The sector is projected to grow further, aiming for USD 1.004 billion in 2024, driven by a Compound Annual Growth Rate (CAGR) of 4.86%.
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ป๐๐๐๐๐๐๐
Thailand is witnessing a growing demand for educational and interactive toys, reflecting a global shift towards smart playthings that combine learning with entertainment. This trend aligns with the country's emphasis on enhancing educational tools and resources for children.
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ฑ๐๐๐๐
Japan's affinity for technology has made it a significant market for smart toys. The nation's focus on integrating advanced technologies into everyday life has spurred the adoption of AI-driven and interactive toys, catering to tech-savvy consumers seeking innovative play experiences.
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐
South Korea's robust technological infrastructure and high internet penetration have facilitated the rapid growth of the smart toys market. Consumers are increasingly inclined towards toys that offer interactive and educational features, reflecting a broader trend of embracing smart technologies in daily life.
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐
Singapore's commitment to educational excellence is mirrored in its toy market, with a rising demand for smart toys that promote learning and cognitive development. The integration of technology in toys aligns with the nation's vision of fostering a tech-savvy and innovative generation.
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐ ๐ผ.๐บ.
The U.S. smart toys market is experiencing significant consolidation, with major players like ๐๐๐๐ข, ๐ ๐ฎ๐๐๐ฒ๐น, ๐ฎ๐ป๐ฑ ๐๐ฎ๐๐ฏ๐ฟ๐ผ leading the charge. These companies are investing heavily in AI and IoT technologies to create more engaging and educational products, catering to the evolving preferences of consumers.
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐ช๐๐๐๐
China's toy market, valued at RMB 159.8 billion (approximately USD 21.8 billion) in 2023, is undergoing a transformation with the rise of "pop toys" inspired by popular culture. Companies like ๐๐ฅ๐จ๐ค๐ฌ ๐๐ซ๐จ๐ฎ๐ฉ have capitalized on this trend, experiencing significant growth and highlighting the country's dynamic consumer landscape.
๐บ๐๐๐๐ ๐ป๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฌ๐๐๐๐๐
Europe presents substantial opportunities for the smart toys market, with a growing emphasis on educational and sustainable toys. Consumers are increasingly seeking products that combine learning with play, driving demand for innovative and eco-friendly smart toys across the region.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
The smart toys industry has witnessed notable mergers and acquisitions aimed at enhancing product offerings and expanding market reach. For instance, in 2023, ๐๐๐ฟ๐ถ๐ผ, a technology toy brand, introduced three new plush AI products in collaboration with Canadian artist Grimes, who also invested in and advised the brand.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/17231/
๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ ๐ท๐๐๐ ๐๐๐
Interactive Games
Robots
Educational Robots
๐๐ ๐ป๐๐๐๐๐๐๐๐๐
Wi-Fi
Bluetooth
Other
๐๐ ๐ฌ๐๐ ๐ผ๐๐๐
Toddlers
Pre-schoolers
School-going
Stripling
๐๐ ๐ซ๐๐๐๐๐๐๐๐๐๐๐ ๐ช๐๐๐๐๐๐
Online
Offline
Product: There are several product categories in the market for smart toys, each of which meets different customer needs. The market for AI-powered smart toys, which includes a wide variety of products, is a significant subsegment of this industry. These consist of educational robots, interactive games, and robots. Additionally, there is a market for interactive toy devices that offer a wide range of educational functions and interactive activities to keep consumers interested and informed.
๐๐จ ๐๐๐ฅ๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ค๐ข๐ง๐๐ฅ๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/17231/
๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฒ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Pillar Learning
2. Sega Toys Co. Ltd.
3. LeapFrog Enterprises Inc.
4. Mattel Inc.
5. Hasbro Inc.
6. Lego System A/S
7. Robofi LLC
8. Tomy Co. Ltd.
9. Doctor's Associates Inc.
10. Digital Dream Labs
11. Sphero
12. Wonder Workshop
13. TOSY Robotics
๐๐ข๐๐ฐ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐จ๐ฉ๐ข๐๐ฌ ๐๐จ๐ฐ:
Malaysia Electric Vehicle Market https://www.maximizemarketresearch.com/market-report/malaysia-electric-vehicle-market/65822/
Kinetic Tiles Market https://www.maximizemarketresearch.com/market-report/kinetic-tiles-market/184256/
Cured-In-Place Pipe Consumption Market https://www.maximizemarketresearch.com/market-report/cured-in-place-pipe-consumption-market/194745/
Pedestrian Bridge Market https://www.maximizemarketresearch.com/market-report/pedestrian-bridge-market/194746/
Global High-efficiency Particulate Air (HEPA) Filters Market https://www.maximizemarketresearch.com/market-report/global-high-efficiency-particulate-air-hepa-filters-market/107411/
Global Image Processing Systems Market https://www.maximizemarketresearch.com/market-report/global-image-processing-systems-market/46445/
Global Dissolved Gas Analyzer (DGA) Market https://www.maximizemarketresearch.com/market-report/global-dissolved-gas-analyzer-dga-market/35283/
Dementia Care Products Market https://www.maximizemarketresearch.com/market-report/global-dementia-care-products-market/24987/
DevOps Certification Service Market https://www.maximizemarketresearch.com/market-report/global-devops-certification-service-market/79809/
Global Sports Apparel Embellishment Market https://www.maximizemarketresearch.com/market-report/global-sports-apparel-embellishment-market/35918
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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