Global Smart Toys Market, By Type (Screen Less Toys, App-Enabled Mechanical Toys, Voice or Image Recognition Toys, Health-Tracking Toys or Wearable, Toys-To-Life, Puzzles and Building Games, Others), Interfacing Device (Smartphones Connected, Tablet Connected, Console Connected), Technology (Wi-Fi, Bluetooth, RFID), Distribution Channel (Toy shops, E-Commerce, Offline Stores, Specialty Stores, Others), End Users (Toddlers, Pre-Schoolers, School-Going, Stripling), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Smart Toys Market
Smart toys market will register its growth at a significant rate of 8.60% for the forecast period of 2021 to 2028. Smart toys market report analyses the growth, which is currently being growing due to the growing awareness towards a healthy and hygienic lifestyle.
Smart toys are the type toys which are helpful for children to play and are also acknowledged as connected toys which are connected to internet or cloud. These toys are also used for the education purpose or learning and are considered as the modern-day toys which includes artificial intelligence and comprise microprocessor, volatile or non-volatile memory units.
The rising number of working women population, which is leading in comparatively lesser time for parenting from the recent past is the major factors which is encouraging manufacturers to introduce innovative products to attract consumers, thus is considerably driving the demand for smart toys and is one of the primary factors driving the smart toys market growth rate. Furthermore, rapidly rising disposable income among middle-income groups is also acting as a notable factor that is driving the growth of the Smart toys market in the forecast period of 2021 to 2028.
In addition, the growing technological advancements in order to develop innovative and interactive toys are also highly impacting the growth of the target market. The rising awareness of technology and internet across the world which cheer children to play with them is also expected to play a major role in driving the demand for smart toys, thus contributing to the growth of the smart toys market in the above mentioned forecast period. Also, the easy availability of various types of smart toys for indoor and outdoor sports as well as high adoption of smart toy for educational purposes will further nurture ample opportunities for the market to grow. Furthermore, the high standard of living is also contributing to the growth of the market.
However, some of the factors such as high cost of these toys may act as a major restraint towards the growth of the market, whereas the lack of awareness regarding these toys among developing economies have the potential to challenge the growth of the smart toys market in the forecast period of 2021 to 2028.
This smart toys market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on smart toys market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Toys Market Scope and Market Size
Smart toys market is segmented on the basis of type, interfacing device, technology, distribution channel and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the smart toys market has been segmented into screen less toys, app-enabled mechanical toys, voice or image recognition toys, health-tracking toys or wearable, toys-to-life, puzzles and building games and others.
- On the basis of interfacing device, the smart toys market has been segmented into smartphones connected, tablet connected and console connected.
- Based on technology, the smart toys market has been segmented into Wi-Fi, Bluetooth and RFID.
- The distribution channel, the smart toys market has been segmented into toy shops, e-commerce, offline stores, specialty stores and others.
- On the basis of end users, the smart toys market has been segmented into toddlers, pre-schoolers, school-going and stripling.
Smart Toys Market Country Level Analysis
Smart toys market is analyzed and market size, volume information is provided by country of type, interfacing device, technology, distribution channel and end users as referenced above.
The countries covered in the smart toys market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the smart toys market because of the rising disposable income and busy lifestyle among the people in emerging countries in this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the growing urban population and rising number of smart toys manufacturing companies in this region.
The country section of the smart toys market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Toys Market Share Analysis
Smart toys market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart toys market.
The major players covered in the smart toys market report are Mattel, The Lego Group, LeapFrog Enterprises, Inc., Seebo Interactive LTD, WowWee Group Limited, Kids II, Inc., K’NEX Brands, Inc., Pixel Toys, fischertechnik GmbH, Kreyonic Inc., Technology Will Save Us, dynepic, Sensible Play Corp., Indiegogo, Inc., ROYBI INC., Pettadore, SMARTIVITY and PlayShifu among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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