The Connected Toys Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Connected Toys Market, as well as the causes for variances in the industry’s growth in different regions.

The Connected Toys Market value is projected to reach US$ 53.83 Bn at the end of the forecast period and it is expected to grow at the CAGR of 24.3%.i.

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Market Scope:

Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Segmentation:

by Interacting Device

• App-Connected Drones
• Smartphone-Connected Toys
• Console-Connected Toys
• Tablet-Connected Toys

by Technology

• Wi-Fi
• Bluetooth
• RFID or NFC

by Age Group

• 2-5 years
• 6-8 years
• 8-12 years
• Teenagers

By 2029, the 8–12 age group is anticipated to account for the biggest market share of connected toys worldwide. Due to their interest in playing fast-paced games, using tablets, and other connected toys, children between the ages of 8 and 12 have a high adoption rate for connected toys.

by Distribution Channels

• Toy Shops
• E-Commerce/Online Stores
• Offline Stores
• Specialty Stores
• Others

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Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

Connected Toys Market, Key Players are:

• Hasbro Inc.
• K’NEX Industries Inc.
• Leka Inc.
• Mattel Inc.
• Playmobil
• Sony Corporation
• Sphero Inc.
• The Lego Group
• Wonder Workshop
• BANDAI NAMCO
• Konami
• PlayFusion
• Anki
• WowWee
• DXTR Labs
• Ozobot
• Tech EdVentures
• Makeblock Co. Ltd.
• JAKKS Pacific
• Moose Toys
• Spin Master
• VTech Holdings Ltd.
• Famosa
• Giochi Preziosi

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Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Connected Toys Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Connected Toys Market:

End-user industries where Connected Toys Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Connected Toys Market manufacturers, influencing the development of the Connected Toys Market in 2020. End-user business demand for Connected Toys Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the Connected Toys Market Report are:

• In 2021, which segment held the highest proportion of the Connected Toys Market?
• What is the Connected Toys Market’s competitive landscape?
• What are the primary drivers assisting the Connected Toys Market growth?
• Which region has the most market share in the Connected Toys Market?
• What will be the Connected Toys Market’s CAGR throughout the projected period?

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