Press release
Smart Toys Market Banking on AI and IoT for Prosperity
Though the high cost of these products continues to challenge the prosperity of the global smart toys market, the vendors of this market are depending on innovation to expand their horizons.
Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30764
Voice and Image Recognition Toys Most Profitable Product Segment
Based on the type of toy, the global smart toys market has been segmented into app-enabled mechanical toys, screenless toys, voice or image recognition toys, toys-to-life, health-tracking toys or wearables, puzzles and building games, and others. In 2017, voice of image recognition toys served 31.1% of the overall demand, which was valued at US$2,271.7 mn.
The demand for this segment has been projected to experience a CAGR of 3.7% during the forecast period of 2017 to 2022, reaching a global worth of US$2,720.4 mn by 2022. The voice or image recognition smart toys segment is growing at US$89.7 mn annually over the course of the forecast period, and this absolute growth is larger than any other segment.
Based on interfacing device, the market for smart toys has been bifurcated into smartphones, tablets, consoles, and drones, whereas on the basis of wireless communications technology, the market has been categorized into Wi-Fi, Bluetooth, RFID or NFC, and others.
Download TOC@ https://www.transparencymarketresearch.com/report-toc/30764
North America Most Lucrative Region, Though APEJ Projected for Best CAGR
Geographically, the report evaluates the potential of smart toys market in North America, Europe, Latin America, Asia Pacific except Japan (APEJ), the Middle East and Africa (MEA), and Japan. In 2017, North America smart toys market was worth US$1,802.0 mn in 2017, and expanding at a CAGR of 3.3% during the forecast period of 2017 to 2022, the valuation is estimated to reach US$2,119.2 mn by 2022. High adoptability rate of new technology and substantial buying ability of the citizens of developed countries such as the U.S. and Canada are two primary factors aiding to the North America soft toys market.
On the other hand, Europe constituted 23.9% of the overall demand in 2017, the second most prominent chunk of regional demand in the global smart toys market. However, Asia Pacific except Japan is projected to experience an above-average CAGR of 3.9%, the best among all regions. APEJ makes for a vastly population region, which includes a high percentage of children between the age of five to 14.
View Report@ https://www.transparencymarketresearch.com/smart-toys-market.html
In countries such as India and China, disposable income is increasing among the urban populations and the pool of prospected customers is escalating. The overall revenue in the APEJ smart toys market is estimated to reach a net worth of US$1,619.6 mn by 2022. Japan smart toys market is expected to create absolute dollar opportunities of US$56.1 mn between 2017 and 2022.
Competitors Engaged in R&D to Develop Niche Products
Fisher-Price Inc., Activision Blizzard Inc., The Hasbro Inc., Genesis Toy Co. Ltd, Spin Master Corp, Seebo Interactive Ltd, LeapFrog Enterprises, Inc., Wow Wee Group Ltd, Reach Robotics Ltd, and SmartGurlz ApS are some of the key companies currently holding a prominent position in the global smart toys market. Most of these players are investing heavily on research and development activities, as new and niche products helps them garner more sales. Though the market is currently in nascent stage, advancements in the field of IoT and AI are expected to open up endless potential for content in this market.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Toys Market Banking on AI and IoT for Prosperity here
News-ID: 1077944 • Views: …
More Releases from Transparecny Market Research
HAZMAT Packaging Market Share, Trends, Growth, Forecast By 2027
The global HAZMAT Packaging Market is estimated to flourish at a CAGR of 5.8% from 2024 to 2027.
The overall HAZMAT Packaging industry delivers an in-depth systematic framework and competitive outlook of the HAZMAT Packaging Market from a worldwide perspective. The report starts with a summary of the market, chain structure, and the past as well as current market size. Also, the growth opportunities prevalent in the market in the coming…
Push Pull Closures Market Will Generate New Growth Opportunities by 2027 with To …
The global Push Pull Closures Market is estimated to flourish at a CAGR of 4.8% from 2024 to 2027.
The overall Push Pull Closures industry delivers an in-depth systematic framework and competitive outlook of the Push Pull Closures Market from a worldwide perspective. The report starts with a summary of the market, chain structure, and the past as well as current market size. Also, the growth opportunities prevalent in the market…
PET Preform Machines Market Estimated to Touch USD 14.1 billion at a CAGR of 6.0 …
The global PET Preform Machines Market has been sailing through robust waters, witnessing a valuation of US$ 8.3 Bn 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$ 14.1…
Flexible Packaging Paper Market Share, Trends, Growth, Forecast By 2029
The global Flexible Packaging Paper Market has been sailing through robust waters, witnessing a valuation of US$ 47.5 Bn 2021. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2029. By the end of 2029, the industry is expected to anchor at an impressive US$ 65.2…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
