Global Smart Toys Market 2020-2024
Technavio has been monitoring the smart toys market and it is poised to grow by $ 878.60 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on smart toys market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the adoption of STEM toys for children's skills enhancement and increasing personal disposable income and rising middle-class population. In addition, the adoption of STEM toys for children's skills enhancement is anticipated to boost the growth of the market as well.
The smart toys market analysis includes the technology segment and geographical landscapes
Technavio's smart toys market is segmented as below:
By Geographical landscapes
- North America
- South America
This study identifies the rising awareness for character based smart toys as one of the prime reasons driving the smart toys market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart toys market covers the following areas:
- Smart toys market sizing
- Smart toys market forecast
- Smart toys market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart toys market vendors that include Activision Blizzard Inc., Hasbro Inc., LEGO System AS, Makeblock Co. Ltd., Mattel Inc., Silverlit Toys Manufactory Ltd., Sony Corp., Spin Master Corp., Ubtech Robotics Inc., and VTech Holdings Ltd. Also, the smart toys market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.