{"product_id":"global-connected-toys-market-size-study-forecast-by-interface-app-based-connected-drones-console-connected-toys-smartphone-connected-toys-tablet-connected-toys-by-age-2-5-years-6-8-years-8-12-years-teenagers-adults-by-distribution-channel","title":"Global Connected Toys Market Size study \u0026 Forecast, by Interface (App-based connected drones, Console connected toys, Smartphone connected toys, Tablet connected toys), by Age (2-5 years, 6-8 years, 8-12 years, Teenagers, Adults), by Distribution Channel","description":"\u003cp\u003eGlobal Connected Toys Market Size study \u0026amp; Forecast, by Interface (App-based connected drones, Console connected toys, Smartphone connected toys, Tablet connected toys), by Age (2-5 years, 6-8 years, 8-12 years, Teenagers, Adults), by Distribution Channel (Retailers, Online, Specialty stores) and Regional Analysis, 2022-2029\u003c\/p\u003e\n\n\u003cp\u003eGlobal Connected Toys Market is valued at approximately USD 6.62 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 20.9% over the forecast period 2022-2029. Connected toys are internet-enabled devices that feature Wi-Fi, Bluetooth, or other internet-connected properties that offer personalized play experiences among users via embedded software which comprises speech recognition software. These toys also assist parents to monitor the whereabouts of their kids. The market demand is majorly driven by the factors such as rising inclination towards monitoring and tracking of toy devices, growing demand for interactive and self-engaging toys, and easy availability of connected platforms.\u003c\/p\u003e\n\n\u003cp\u003eThe rising proliferation of IoT-connected devices among two working-parent households is stipulating the market demand. As per the Statista report, in 2019, around 8.6 billion Internet of Things (IoT) connected devices were recorded, which is estimated to reach around 19.1 billion devices by 2025. Accordingly, the shift in working culture in heterosexual couples is rapidly adopting two-working-parent households to decrease the considerable time spent between parents and children, which, is augmenting the market growth across the globe. In addition, the growing awareness of the internet and technology, as well as rising investment in R\u0026amp;D activities are creating lucrative opportunities in the foreseen years. However, rising privacy concerns regarding the usage of connected toys and several risks associated with constant connectivity stifle market growth throughout the forecast period of 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global Connected Toys Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the rising expenditure on technological developments, coupled with the surging demand for connected toys in the education sector. Whereas, the Asia Pacific is expected to grow at the highest CAGR during the forecast period. Factors such as the increasing adoption of handheld devices among kids, a broad consumer base, and the rising presence of the leading market players are burgeoning the market growth in the forecasting years.\u003c\/p\u003e\n\n\u003cp\u003eMajor market players included in this report are:\u003cbr\u003e\nMattel\u003cbr\u003e\nHasbro\u003cbr\u003e\nLEGO\u003cbr\u003e\nSony\u003cbr\u003e\nVTech\u003cbr\u003e\nUBTECH\u003cbr\u003e\nDJI\u003cbr\u003e\niRobot\u003cbr\u003e\nSphero\u003cbr\u003e\nDigital Dream Labs\u003c\/p\u003e\n\n\u003cp\u003eRecent Developments in the Market:\u003cbr\u003e\n? In August 2022, LEGO Group entered into a collaborative agreement with artist Hebru Brantley with the objective of installing Fly Away Isles and presenting an innovative, playful experience for children.\u003cbr\u003e\n? In July 2022, Mattel declares the company’s multi-year agreement with SpaceX, which aims on developing toys and collectables for children.\u003cbr\u003e\n? In April 2022, iRobot announced the introduction of its Create 3- an affordable, next-generation, all-in-one mobile robot development platform. The innovation allows users to communicate with products with Wi-Fi and Ethernet by using USB. Also, it supports learning with iRobot Education’s SDK, python 3, and iRobot coding app.\u003c\/p\u003e\n\n\u003cp\u003eGlobal Connected Toys Market Report Scope:\u003cbr\u003e\nHistorical Data 2019-2020-2021\u003cbr\u003e\nBase Year for Estimation 2021\u003cbr\u003e\nForecast period 2022-2029\u003cbr\u003e\nReport Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\nSegments Covered Interface, Age, Distribution Channel, Region\u003cbr\u003e\nRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World\u003c\/p\u003e\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.\u003c\/p\u003e\n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:\u003c\/p\u003e\n\n\u003cp\u003eBy Interface:\u003cbr\u003e\nApp-based connected drones\u003cbr\u003e\nConsole connected toys\u003cbr\u003e\nSmartphone connected toys\u003cbr\u003e\nTablet connected toys\u003c\/p\u003e\n\n\u003cp\u003eBy Age:\u003cbr\u003e\n2-5 years\u003cbr\u003e\n6-8 years\u003cbr\u003e\n8-12 years\u003cbr\u003e\nTeenagers\u003cbr\u003e\nAdults\u003c\/p\u003e\n\n\u003cp\u003eBy Distribution Channel:\u003cbr\u003e\nRetailers\u003cbr\u003e\nOnline\u003cbr\u003e\nSpecialty stores\u003c\/p\u003e\n\n\u003cp\u003eBy Region:\u003cbr\u003e\nNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nROLA\u003cbr\u003e\nRest of the World\u003c\/p\u003e\n\n\u003cp\u003eCompanies Mentioned\u003c\/p\u003e\n\n\u003cp\u003eMattel \u003cbr\u003e\nHasbro \u003cbr\u003e\nLEGO \u003cbr\u003e\nSony \u003cbr\u003e\nVTech \u003cbr\u003e\nUBTECH \u003cbr\u003e\nDJI \u003cbr\u003e\niRobot \u003cbr\u003e\nSphero \u003cbr\u003e\nDigital Dream Labs\u003c\/p\u003e \n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.\u003c\/p\u003e","brand":"Marketing \u0026 Market Research","offers":[{"title":"December, 2022 \/ 200 Pages \/ MCW16259780","offer_id":47696765092146,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-connected-toys-market-size-study-forecast-by-interface-app-based-connected-drones-console-connected-toys-smartphone-connected-toys-tablet-connected-toys-by-age-2-5-years-6-8-years-8-12-years-teenagers-adults-by-distribution-channel","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}