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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Smart Toys Market Growth
The increasing emphasis on software updates and the adoption of AI security measures are expected to propel the smart toys market's expansion in the years ahead. This trend is bolstered by rigorous safety standards and regulatory mandates enforced by governments globally. Furthermore, the global expansion of companies investing in digital technologies is likely to further catalyse smart toys market growth.
Smart Toys Market Report Snapshots
Smart Toys Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 16.7% between 2024 and 2032.
In 2023, the market reached an approximate value of USD 13.77 billion.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 55.14 billion by 2032.
The major market driver is the surging demand for rapid advancement in technologies and the growing e-commerce industry.
The key trends include the increasing preference for educational learning toys and the rising disposable income.
The various products of smart toys include interactive games, robots, and educational toys (robots), among others.
The distribution channels of smart toys include online and offline.
The major players in the market are Mattel, Inc., Leapfrog Enterprises, Inc., TOMY Company, Ltd., Robofi Llc, Pillar Learning, and Particula, among others.
Internet-enabled toys are likely to employ AI to track, guide, and predict players to build new skills.
Educational toys can aid built problem-solving skills and teach about conflict resolution, along with how cause and effect work.
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