Press release
Smart Toys Market Revolutionizing Playtime Trends and Leading Toy Companies Unveiled 2023 to 2030 | Hasbro, Bandai, Tomy, Gigotoys
Between 2023 and 2030, the worldwide Smart Toys Market is anticipated to expand at a CAGR of 16.5%, reaching USD 34.17 billion. The market is being pushed by the increased demand for interactive and educational toys, the popularity of STEM toys, and the expanding use of IoT and AI in toys. Toys that use technology to improve the playing experience are referred to as smart toys. They may have components like sensors, actuators, and embedded software that enable various forms of interaction with kids. Interactive or instructional smart toys are both possible.
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The Key companies profiled in the Smart Toys Market:
The study examines the Smart Toys Market's competitive landscape and includes data LEGO, Mattel, Hasbro, Bandai, Tomy, Gigotoys, MGA Enternment, Melissa & Doug, Simba - Dickie Group, Giochi Preziosi, PLAYMOBIL, Dream International, Jakks Pacific, Kids II, Inc. & Others
Global Smart Toys Market Split by Product Type and Applications
This report segments the Smart Toys market on the basis of Types:
Toy Robots
Educational Robots
Interactive Games
On the basis of Application, the Smart Toys market is segmented into:
Supermarkets and Hypermarkets
Specialist Retailers
Online Retailers
Toy Shops
Others
The significant rise of the smart toys market may be attributed to a number of notable factors. The growing use of linked technology and smart gadgets is one notable trend, since these toys easily fit into the digital lifestyles of contemporary families. Their appeal has also been boosted by parents' growing knowledge of the educational advantages of smart toys. These educational toys make learning fun while fostering cognitive growth, creativity, and problem-solving abilities. A huge market for licensed smart toys has been opened up by the introduction of well-known characters from movies, TV series, and video games into smart toys.
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Geographically, the smart toys market is present all over the world, with significant growth being seen in important areas including North America, Europe, Asia-Pacific, and the rest of the world. Due to its early adoption of smart technology, North America has led the industry because to its high disposable income and tech-savvy customer behavior. Europe follows suit, with significant income sources from the UK, Germany, and France among others. A significant number of technologically savvy youngsters, increased urbanization, and rising disposable money in emerging nations make the Asia-Pacific area extremely promising.
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Market Segmentation:
Smart Toys Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Both primary and secondary research methods were used in the smart toys market study. Among the most important primary sources offering insightful information on market trends, dynamics, and future prospects are industry experts, manufacturers, suppliers, and distributors. To obtain and validate crucial data, secondary research uses in-depth literature studies, business reports, white papers, and reliable databases. Accurate forecasts of market growth and USD value during the forecast period are made possible by the application of both qualitative and quantitative analysis, which guarantees a thorough awareness of the market environment.
Reasons Why You Should Buy This Report:
• To gain an in-depth understanding of the Smart Toys market.
• To obtain research-based business decisions and add weight to presentations and marketing strategies.
• To gain competitive knowledge of leading market players.
• It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
• It helps in settling on educated business choices by having total bits of knowledge of the market and by making inside and out investigations of market sections.
If you have any special requirements, please let us know and we will offer you the report you want.
The years examined in this study are the following to estimate the Smart Toys market size:
History Year: 2017-2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023 to 2030
FAQs:
• What is the study period of this market?
• What is the growth rate of this Market?
• Which region has the highest growth rate in this Market?
• Which region has the largest share in this Market?
• Which country holds the topmost position in the market?
• Which products & services have been included in this market?
Browse complete Smart Toys market report details with table of contents and list of figures click here
https://www.infinitybusinessinsights.com/reports/global-smart-toys-market-2023-by-manufacturers-regions-type-and-application-forecast-to-2030-1410415?mode=AG45
Table of Contents:
1 Smart Toys market Overview
2 Company Profiles
3 Smart Toys Market Competition, by Players
4 Smart Toys market Size Segment by Type
5 Smart Toys market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix...
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Website: https://www.infinitybusinessinsights.com
About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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