India Tech Toys Market Growth And Trends
The India tech toys market size is expected to reach USD 3,623.5 million in 2030 and is projected to reach at a CAGR of 14.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Some of the key factors driving the market growth are the increasing digital literacy and rising adoption of educational technology among parents and schools.
Indian consumers increasingly favor high-quality, feature-rich tech toys over low-cost options, driven by rising disposable incomes and a growing emphasis on durability, safety, and multifunctionality. Urban markets, in particular, are witnessing strong demand for products with coding capabilities, modular add-ons, and AI-driven learning features, commanding premium prices. The incorporation of advanced technologies like artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) is reshaping the tech toy landscape, offering immersive and engaging experiences that appeal to the country's tech-savvy audience.
The Indian government has taken significant steps to strengthen domestic toy manufacturing and reduce reliance on Chinese imports. To encourage local production, the basic customs duty on toys increased from 20% to 60% in February 2020 and 70% in March 2023. The Production Linked Incentive (PLI) Scheme offers financial incentives to companies manufacturing toys within India. At the same time, strict quality control regulations have been implemented to ensure product safety and support the development of innovative toys, including tech-based ones. These efforts have led to a notable rise in toy exports, which grew from US\$96.17 million in 2014–15 to US\$325.72 million in 2022–23. Simultaneously, toy imports decreased by 52%, dropping from US\$332.55 million to US\$158.7 million during the same period.
India Tech Toys Market Report Highlights
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