Adoption of STEM Toys To Boost The Smart Toys Market

Posted by Loise Williams on March 18th, 2020

Technavio has been monitoring the global smart toys market and it is poised to grow by USD 1.15 billion during 2019-2023, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Adoption of STEM toys for children’s skills enhancement has been instrumental in driving the growth of the market. However, privacy and security issues might hamper market growth.

Smart Toys Market 2019-2023: Segmentation

Smart Toys Market is segmented as below:

Technology

• Wi-Fi
• Bluetooth
• RFID/NFC

Distribution Channel

• Online
• Offline

Geographic segmentation

• Americas
• APAC
• EMEA

Download the free sample report @ http://bit.ly/2TREFfc

Smart Toys Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart toys market report covers the following areas:

• Smart Toys Market Size
• Smart Toys Market Trends
• Smart Toys Market Industry Analysis

This study identifies the use of AR in toys as one of the prime reasons driving the smart toys market growth during the next few years.

Smart Toys Market 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the smart toys market, including some of the vendors such as Hasbro, JAKKS Pacific, Mattel, The LEGO Group and VTech Holdings. Backed with competitive intelligence and benchmarking, our research reports on the smart toys market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Smart Toys Market 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist smart toys market growth during the next five years
• Estimation of the smart toys market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the smart toys market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart toys market vendors

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200