Connected Toys Market 2020 Valuable Growth Prospects and Current Trends Analysis 2025
Mar 16, 2020 (Heraldkeepers) -- New York, March 12, 2020: Market Research Engine has published a new report titled as "Connected Toys Market Size by Interacting Device (Console-Connected Toys, Tablet-Connected Toys, APP-Connected Drones, Smartphone-Connected Toys), By Age Group (Teenagers, 9-12 Years, 6-8 Years, 2-5 Years), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2020-2025".
Competitive Rivalry
PlayFusion, Anki, WowWee, DXTR Labs, Leka, Mattel MAT, -1.52%, Hasbro HAS, -15.35%, LEGO Group, Sphero, Sony (tyo:6758), and others are among the major players in the global Connected Toys market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
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The global Connected Toys market is segregated on the basis of Interacting Device as Console-Connected Toys, Tablet-Connected Toys, APP-Connected Drones, and Smartphone-Connected Toys. Based on Age Group the global Connected Toys market is segmented in Teenagers, 9-12 Years, 6-8 Years, and 2-5 Years.
Gone are the times when monopoly or a game of building a LEGO spaceship could hold children's attention. Interactive tech toys or connected toys are a reality that the majority kids see as a given. A recent study concluded that 90% kids under the age of two skills to use a tablet/smartphone.
But, connected toys are not only for the pleasure of youngsters. they are also gaining popularity among parents who see these as a way to watch their children get through. as an example, with toys like Teddy the Guardian, they will measure their babies' temperature also as pulse.
Connected Toys Market size is anticipated to grow steadily over the forecast time span due to the increase within the adoption of technology-enabled devices like smartphones, tablets, computers, smart televisions, and others. These products are enabled with internet connectivity, Bluetooth, sensors, GPS tracking, and voice recognition systems, making them highly interactive and entertaining. Additionally, the market is projected to realize demand as these toys emphasize on enhancing sociability and collaborative play skills of youngsters by facilitating interactive communication. These toys include responsive robotic animals, birds, books, instruments, modular bricks, soft toys, cars, and bikes, which are allowed with ultrasonic waves, light, and sense touch. The growing adoption of such advanced products will positively impact the connected toys market growth. Data breaches and concerns associated with children's privacy are the factors hindering the connected toys market growth. Several government agencies/organizations are implementing several regulations to curb these breaches. In addition, companies within the connected toys market are collaborating with technology providers to enhance the core features within the products and make them safer & user-friendly. as an example, CogniToys Dino may be a cloud-connected device, which uses Wi-Fi and IBM Watson to remain connected. The toy uses IBM Watson's tongue Processing (NPL) and responses consistent with a child's skill sets and age bracket. The device utilizes internet connectivity and helps children for improving pronunciations and cautioning them if they use expletives. Schools and playgroups in several countries are emphasizing on using interactive teaching methods to form learning interesting, thereby positively impacting the connected toys market growth.
The global Connected Toys market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Connected Toys market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
The Connected Toys Market has been segmented as below:
Connected Toys Market, By Interacting Device
Connected Toys Market, By Age Group
Connected Toys Market, By Region
Connected Toys Market, By Company
The report covers:
Report Scope:
The global Connected Toys market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Connected Toys market share. Major industry players with significant revenue share include PlayFusion, Anki, WowWee, DXTR Labs, Leka, Mattel, Hasbro, LEGO Group, Sphero, Sony, and others.
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Table of Contents:
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
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COMTEX_363448621/2582/2020-03-16T01:44:54
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