Press release
Smart Toys Market: Exploring Opportunities for Small and Medium Enterprises
Smart Toys Market: Exploring Opportunities for Small and Medium Enterprises
Smart Toys Market Future Scope
The global Smart Toys Market was valued at USD 11.75 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.2% from 2023 to 2030. This growth is attributed to the increasing demand for innovative, interactive, and educational toys that integrate digital technology. As children's preferences shift towards tech-savvy and educational products, the Smart Toys Market is expected to expand significantly. The rising trend of incorporating AI, robotics, and Internet of Things (IoT) into toys is driving market growth. The market's expansion is further supported by the increased adoption of connected devices and advancements in technology that facilitate the development of smarter, more personalized toys for children. Furthermore, the growing focus on enhancing children's learning experiences through interactive play is expected to increase market traction in the coming years.
Looking into the future, the Smart Toys Market is poised for substantial growth, driven by innovations in artificial intelligence, augmented reality, and machine learning. As parents become more conscious of educational toys that combine fun and learning, the market is set to witness a surge in demand for toys that integrate advanced technologies. With an expected market value reaching over USD 39 billion by 2030, the Smart Toys Market is expected to have a broad scope, especially with a shift towards connected, personalized, and sustainable toy offerings. Additionally, emerging markets are anticipated to contribute significantly to this growth, offering ample opportunities for both established players and new entrants in the industry. As the market diversifies, an increasing number of startups and tech-driven companies are likely to emerge, offering new and exciting products tailored to the evolving preferences of consumers.
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Who are the largest Global manufacturers in the Smart Toys Market?
LEGO
Mattel
Hasbro
Bandai
Tomy
Gigotoys
MGA Enternment
Mepssa & Doug
Simba - Dickie Group
Giochi Preziosi
PLAYMOBIL
Dream International
Jakks Pacific
Kids II
Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real-time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Smart Toys Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Smart Toys Market
By Age Group
Toddlers (0-3 years)
Preschoolers (4-5 years)
Early School Age (6-8 years)
Middle Childhood (9-12 years)
Teens (13-15 years)
By Type of Technology
Augmented Reabrty (AR) Toys
Virtual Reabrty (VR) Toys
Robotic Toys
Interactive Plush Toys
Smart Educational Toys
By Educational Focus
STEM Toys (Science, Technology, Engineering, Mathematics)
Language Development Toys
Social Skills Development Toys
Creative Arts Toys
Emotional Intelbrgence Toys
By Price Range
Budget-Friendly ($300)
By Distribution Channel
Onbrne Retailers
Brick-and-Mortar Stores
Direct-to-Consumer (DTC)
Mass Merchandisers
Specialty Toy Stores
Which regions are leading the Global Smart Toys Market?
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Global Smart Toys Market Research Report, 2026-2033
1. Introduction of the Global Smart Toys Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
Data Minin
Validation
Primary Interview
List of Data Sources
4. Global Smart Toys Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Smart Toys Market, By Product
6. Global Smart Toys Market, By Application
7. Global Smart Toys Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Global Smart Toys Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
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