The Connected Toys Market size was USD 9.1 Billion in 2023 and is expected to Reach USD 41.5 billion by 2031 and grow at a CAGR of 20.9 % over the forecast period of 2024-2031.

The connected toys market is experiencing significant growth, driven by advancements in technology and increasing consumer demand for interactive and educational play experiences. These toys, which include a wide range of products from app-enabled plush animals to programmable robots, leverage connectivity to enhance traditional play. Integration with smartphones, tablets, and the internet allows for a more engaging and dynamic interaction, where toys can respond to children's actions in real-time, update content, and even learn from user behavior. This interactivity not only captivates children but also provides valuable educational benefits, promoting STEM learning, critical thinking, and problem-solving skills.

As the market evolves, safety and privacy concerns are becoming increasingly prominent. Manufacturers and developers are focusing on implementing robust security measures to protect children's data and ensure safe usage. Regulations and guidelines from authorities such as the Children's Online Privacy Protection Act (COPPA) are shaping the landscape, pushing companies to prioritize data protection and transparency. Additionally, the market is witnessing a trend towards sustainable and eco-friendly designs, as consumers become more environmentally conscious. This shift is encouraging the development of connected toys made from recyclable materials and powered by renewable energy sources, aligning with broader global sustainability goals.

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Connected Toys  industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Connected Toys  market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

  Sphero Inc., Hasbro, Mattel, DJI, Wonder Workshop, Konami Holdings Corporation, Playmobil, K’NEX Industries Inc., TOSY Robotics, WowWee Group, and other. 

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Connected Toys  market.

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It has segmented the global Connected Toys market

By Age-Group

  • 1-5 years
  • 6-8 years
  • 9-12 years
  • 13-19 years

By Interfacing Device

  • Smartphones
  • Tablet
  • PCs
  • Laptop

By Application

  • Education
  • Entertainment

By Distribution Channel

  • Online Stores
  • Supermarket
  • Hypermarket
  • Specialty Toy Shops
  • Other Shops

Key Reasons to Purchase this Report:

  • A comprehensive study of market size, share and dynamics is a global Connected Toys'market research report and a thorough survey of developments in the field.
  • It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
  • In addition to the strategic landscape for commodity pricing and marketing, the Connected Toys' industry research also provides key players.
  • This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment

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