Smart Toys Market Growth, Trends, Revenue, Size, Future Plans and Forecast 2030

According to the latest market research report title “Smart Toys Market By Technology (Wi-Fi, Bluetooth, Others (RFID, NFC, etc.)), By Distribution Channel (Online, Stores), By Age Group, (2 to 5 Years, 6 to 8 Years, 9 to 12 Years, 12 Years), By Application (Entertainment, Education), By Region (North America, South America, Europe, The Middle East Africa, Asia-Pacific)--Forecast to 2030″, published by MarkNtel Advisors, The Global Smart Toys Market size is estimated to grow at a CAGR of around 15.4% during the forecast period, i.e., 2024-30.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Global Smart Toys Market Challenge:

Privacy Security Issues in Internet-Connected Smart Toys – The internet-connected smart toys have been posing a significant challenge related to ensuring the privacy and security of children. Owing to this, their adoption has been significantly hampered among consumers over the past few years. Also, these toys, while providing novel ways of play, have been raising concerns about data collection and privacy infringement. Whether through the consent of parents or children, these toys have been capable of gathering and sharing user information, ultimately compromising privacy and security.

Moreover, these devices are part of the larger Internet of Things (IoT), connecting digital and physical entities to access new applications and services. They are able to listen to voices geo track children’s locations, etc., which may pose a significant challenge to the security of the child. This connection extends to various smart toys, including those with cameras and microphones, potentially recording and transmitting sensitive information. Hence, the issues related to security are projected to affect the market’s growth in the coming years as well.

Smart Toys Market Segmentation

The Smart Toys Market is highly robust and fragmented into numerous segments;

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

By Region

-North America

-South America

-Europe

-The Middle East Africa

-Asia-Pacific

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Key Players Operating in the Smart Toys Market: -

Robo Wunderkind

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Learning Resources Ltd.

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

UBTECH Robotics Corp LTD.

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Key Questions Answered:

What is the projected CAGR of the Smart Toys Market during the forecast period?
Which segment is expected to lead the Smart Toys Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About 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 emerging geographies allows our clients to formulate their strategies in a much more 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.

Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current future industry potential, identify white spaces hotspots, venture into new geographies or business segments in the future.