Smart Toys Market Surge: Projected CAGR of 15.4% from 2024 to 2030

Market Overview: Smart Toys Market FY24-30

This reports provides an essential and dependable overview of the Smart Toys Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

Smart Toys Market Report Coverage Details:

• Base Year: 2023
• Historical Data: 2029-22
• Forecast Period: 2024-2030
• CAGR: 4% (2024-2030)

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.

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Smart Toys Market Trend:

Increasing Demand for AI and IoT-Enabled Smart Toys – The rising inclination of consumers toward AI and IoT-enabled smart toys has been gaining significant traction in recent years. This has been attributed to the better engaging capability of these toys, which has been helping children improve their cognitive, problem-solving, and communication skills. Also, these toys have the capacity to recognize voice and children’s activities, owing to which they offer a better interactive experience to the children. Hence, these toys have been largely preferred among consumers over the recent years. Also, observing this rising inclination of parents, companies across the globe have significantly started investing in the research & development of new and better AI-enabled Smart toys, which would offer highly immersive experiences to children. For instance,

• In 2023, Anki Cozmo Robot announced the introduction of Cozmo 2.0, which is an AI-enabled educational toy robot, that is capable of making clever facial expressions and offering a beginner-friendly interface.

Therefore, with the introduction of better-performing AI-enabled smart toys, they are projected to witness a significant demand in the coming years as well, which would lead to improved market growth.

Smart Toys Market Segmentation Analysis — FY24-30

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Smart Toys Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Smart Toys Market segmentation is enlisted below:

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

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Smart Toys Market Competitive Landscape

TOSY Robotics, Wonder Workshop, Inc., Indiegogo, Inc., Sphero, Inc., MORAVIA Consulting Spol. s r.o., Innokind, Inc., Pillar Learning, WowWee Group Limited, Pilot Laboratories, Inc., Mattel Inc., MobilizAR Technologies Pvt. Ltd., Robo Wunderkind, Learning Resources Ltd., UBTECH ROBOTICS CORP LTD., and others.

Smart Toys Industry News:

• 2023: WowWee Group Limited Unveiled Dog-E, a one-of-a-kind robot dog, which has a multitude of customizable options, including colorful lights, sounds, and personality traits. This app-connected smart robot dog features lifelike movements, audio sensors for sound recognition, touch sensors on its head, nose, and body, and a tail with persistence of vision (POV) technology to display icons and messages for communication.

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Key Report Highlights   

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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