Smart Toys On The Rise With The Involvement Of Artificial Intelligence In Toy Ma
Posted by sainath on November 25th, 2018
Demand for smart toys is on the rise due to its user engaging property. Smart Toys are electronic component embedded toys that have their own intelligence and behaves according to the environmental stimuli. It enables to reduce the smartphone industry threat by using artificial intelligence to attract children. Many smart toys like Spin Master's interactive Luvabella baby doll, Hasbro's Bluetooth-connected Furreal motorized pet, Barbie's futuristic hologram Barbie, Lego's app-based coding playset and Mattel "smart" baby monitor have been launched.
THE BUSINESS RESEARCH COMPANY VALUED THE DOLL, TOY, AND GAME MANUFACTURING MARKET AT USD190 BILLION IN 2017
Asia Pacific was the largest geographic region in the global doll, toy, and game manufacturing market, accounting for half of the global market share.
According to The Business Research Company’s Consultant, Nitin Gianchandani, the market is witnessing a growth in board games. The interest in board games is not only restricted to a particular age group, but rather can be seen across various age groups.
The Lego Group was the largest company in the global doll, toy, and game manufacturing market, with revenues of USD37.9 billion in the year 2016. The Lego Group’s growth strategy is focusing on creating innovative new products from concepts developed under the title "Obviously LEGO, never seen before." The company plans to come up with such concepts every two to three years. The company also intends to expand LEGO Education, its division that works with schools and kindergartens. And it will develop its digital business as the difference between the physical world and the digital world becomes more and more blurred and less and less relevant for children.
Doll, Toy, And Game Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at USD4000 for an individual user. To use across your office, the price is USD6000 and USD8000 if you wish to use across a multinational company.
About The Business Research Company
The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.
The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.
The Business Research Company
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