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Connected Toys Market by Technology (Bluetooth, WLAN, NFC, and Others), by Distribution Channel (Supermarkets & Hypermarkets, Specialty Toy Shops, Online Stores, and Others), by Age Group (0-3 Years, 3-5 Years, 5-12 Years, and Above 12 Years), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Connected Toys Market size was valued at USD 10.37 USD Billion in 2023 and is projected to reach USD 16.01 USD Billion by 2032, exhibiting a CAGR of 6.4 % during the forecast period. Smart Toys are toys that are designed with the possibility to directly or indirectly establish communication with the Internet or other devices. This can be categorized in several ways that currently consist of smart dolls, educative robots, and even augmented reality games. Common characteristics can comprise quick detection tools, cameras or microphones, and Wireless Bluetooth or Wi-Fi ability that makes it feasible to track, update, or even manage from a distance. Some of the uses include; those which are learning aids since the application involves an interface that enables learning through play and others that are playthings for children since the concept involves applications that entertain children while playing. Smart or affiliated toys are employed in improving learning interests, creativity, and parent monitoring of children’s playing habits. These toys are engaging due to their ability to combine the physical realm with CMC and provide youth with a challenging and stimulating world to occupy themselves with.
Technology:
Distribution Channel:
Age Group:
North America, Europe, and Asia-Pacific are the major markets for connected toys, with significant growth potential in emerging markets.
Parents and caregivers are increasingly seeking toys that provide educational value and foster creativity.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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