MarkNtel Advisors recently published a detailed industry analysis of the Global Smart Toys Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Smart Toys Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Smart Toys Market size is estimated to grow at a CAGR of around 15.4% during the forecast period, i.e., 2024-30.

Key Findings in Global Smart Toys Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- TOSY Robotics, Wonder Workshop, Inc., Indiegogo, Inc., Sphero, Inc., MORAVIA Consulting Spol. s r.o., Innokind, Inc., Pillar Learning, WowWee Group Limited, Pilot Laboratories, Inc., Mattel Inc., MobilizAR Technologies Pvt. Ltd., Robo Wunderkind, Learning Resources Ltd., UBTECH ROBOTICS CORP LTD., and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Smart Toys industry?

Rising Preference of Educational Learning Toys Among Consumers – The rising inclination of parents toward educational toys for their children has been supporting the growth of the smart toys market in recent years. This has been primarily attributed to the rising awareness among parents regarding the importance of childhood education, and the strong memories created during this age. These factors have led to a strong desire among consumers to provide educational toys to their children at the right age to improve their cognitive skills. Moreover, in response to this consumer trend, companies have initiated the expansion of their educational smart toy offerings to meet the growing demand in the market. For instance,

• In 2023, Sony Group Corp. introduced its Toio programmable robotic toy in China, aimed at nurturing creativity and imagination in children from kindergarten to primary school and educational institutions, as part of their expansion in the STEM education market.

Hence, as companies develop better educational toys, it is expected to lead to the expansion of Global Smart Toys Market in the coming years.

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What segments define the Global Smart Toys Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Technology

• Wi-Fi- Market Size & Forecast 2019-2030, USD Million
• Bluetooth- Market Size & Forecast 2019-2030, USD Million
• Others (RFID, NFC, etc.)- Market Size & Forecast 2019-2030, USD Million

By Distribution Channel

• Online- Market Size & Forecast 2019-2030, USD Million
• Stores- Market Size & Forecast 2019-2030, USD Million

By Age Group

• 2 to 5 Years- Market Size & Forecast 2019-2030, USD Million
• 6 to 8 Years- Market Size & Forecast 2019-2030, USD Million
• 9 to 12 Years- Market Size & Forecast 2019-2030, USD Million
• >12 Years- Market Size & Forecast 2019-2030, USD Million

By Application

• Entertainment- Market Size & Forecast 2019-2030, USD Million
• Education- Market Size & Forecast 2019-2030, USD Million

According to report, Among them, the education segment has emerged as a dominant application in recent years.

Explore the Complete Global Smart Toys Market Analysis Report – https://www.marknteladvisors.com/research-library/smart-toys-market.html

Geographical Analysis: Global Smart Toys Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Smart Toys Industry Recent Development:

• 2023: WowWee Group Limited Unveiled Dog-E, a one-of-a-kind robot dog, which has a multitude of customizable options, including colorful lights, sounds, and personality traits. This app-connected smart robot dog features lifelike movements, audio sensors for sound recognition, touch sensors on its head, nose, and body, and a tail with persistence of vision (POV) technology to display icons and messages for communication.

• 2023: Pilot Laboratories, Inc. introduced the Scout E Robot, a versatile creation designed for children, adults, households, and businesses. This multifaceted robot is equipped with a high-definition FHD1080P video camera, a microphone, and speakers, which can traverse various environments. Notably, it offers a secure peer-to-peer connection, enabling users to access and control the robot remotely from anywhere across the globe.

  Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Smart Toys Market?
• How is the Global Smart Toys Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/smart-toys-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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