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Smart Toys Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR44886
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The smart toys market share is expected to increase by USD 4.27 billion from 2021 to 2026, at a CAGR of 11.5%.

This smart toys market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The smart toys market report also offers information on several market vendors, including Activision Blizzard Inc., Digital Dream Labs, Genesis, geobra Brandstatter Stiftung and Co. KG, Hasbro Inc., Innovation First International Inc., LEGO System AS, Makeblock Co. Ltd., Mattel Inc., Miko, Ozobot and Evollve Inc., Primo Toys, Silverlit Toys Manufactory Ltd., Sony Group Corp., Sphero Inc., Spin Master Corp., Ubtech Robotics Inc., VTech Holdings Ltd., WowWee Group Ltd., and ZURU Inc. among others.

This report extensively covers smart toys market segmentation by the following:

  • Technology - Wi-Fi, Bluetooth, and Others
  • Distribution Channel - Offline and Online
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America

What will the Smart Toys Market Size be During the Forecast Period?

Smart Toys Market Size

Download the Free Report Sample to Unlock the Smart Toys Market Size for the Forecast Period and Other Important Statistics

 

Smart Toys Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The adoption of STEM toys for children's skills enhancement is notably driving the smart toys market growth, although factors such as high availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart toys industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Toys Market Driver

One of the key factors driving growth in the smart toys market is the adoption of STEM toys for children's skills enhancement. Smart toys allow children to think critically and creatively about technology, thereby developing their analytical skills. With smart interaction and behavioral learning, these toys are expected to play an important role in developing professional skills among children such as coding, programming and even engineering. Vendors, schools, and parents can provide experiential, hands-on learning to students using STEM toys. STEM toys can be used to enhance the cognitive skills of students and can also be used to promote logic, collaboration, problem-solving, and creative skills among students. Parents are increasingly opting for smart construction kits, as they enhance the imaginative and the motor skill of individuals. In addition, the demand for modular kits that correspond to various STEM subjects is increasing in the market. Compared with traditional toys and games, smart toys are estimated to experience high sales. This is because more parents seek products that can aid the intellectual development of their children. This is expected to be a prominent factor driving the market during the forecast period.

Key Smart Toys Market Trend

The emergence of 3D printing is a smart toys market trend that is expected to have a positive impact in the coming years. With the introduction of 3D printers, the power of choice has shifted toward consumers. This is a challenge faced by manufacturers and license providers today, as consumers can 3D print their favorite characters and complex shape and size of smart toys any time they want. There is also an inherent risk that this technology will increase the market for collectible counterfeits and violate copyright and trademark infringements. 3D printers are likely to become affordable in the coming years. Licensors are trying to protect their products and figuring out methods to legitimize do-it-yourself (DIY) merchandise and derive revenue from it. Many licensors such as Hasbro are offering licenses to 3D printing companies by providing access to specific assets and distinguishing them from other licensed merchandise available in the market. Many market players are introducing 3D printing tools for building and modifying toys at home. Such innovations in 3D printing are expected to propel the growth of the market in focus during the forecast period.

Key Smart Toys Market Challenge

The high availability of substitutes will be a major challenge for the smart toys market during the forecast period. Smart toys have many substitutes, such as traditional toys and video games. One of the key challenges that smart toys face is their premium prices. As they are costlier than traditional toys, price-sensitive consumers may consider smart toys unnecessary and overpriced luxury commodities, especially in underdeveloped economies where people have low purchasing potential. Apart from traditional toys, video games are gaining popularity across the world, and the awareness of esports is growing exponentially in today's connected world. The popularity of video games is expected to grow continuously during the forecast period as video games are increasingly replacing traditional toys and games. Furthermore, due to extensive product development by video games consoles providers, the demand for video games is on the rise. Thus, the increasing popularity of video games is expected to restrain the growth of the global smart toys market.

This smart toys market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart toys market as a part of the global leisure products industry. Our research report has extensively covered external factors influencing the parent market growth  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart toys market during the forecast period.

Who are the Major Smart Toys Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Activision Blizzard Inc.
  • Digital Dream Labs
  • Genesis
  • geobra Brandstatter Stiftung and Co. KG
  • Hasbro Inc.
  • Innovation First International Inc.
  • LEGO System AS
  • Makeblock Co. Ltd.
  • Mattel Inc.
  • Miko
  • Ozobot and Evollve Inc.
  • Primo Toys
  • Silverlit Toys Manufactory Ltd.
  • Sony Group Corp.
  • Sphero Inc.
  • Spin Master Corp.
  • Ubtech Robotics Inc.
  • VTech Holdings Ltd.
  • WowWee Group Ltd.
  • ZURU Inc.

 

This statistical study of the smart toys market encompasses successful business strategies deployed by the key vendors. The smart toys market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Activision Blizzard Inc - Activision Blizzard Inc. is a public company that is headquartered in US. It is a global company that generated a revenue of $7,500.00 million and had around 9,900 employees. Its revenue from the global smart toys market contributes to its overall revenues, along with its other offerings, but is not a key revenue stream for the company.
  • Activision Blizzard Inc.- In October 2019, the company released the Call of Duty: Mobile game.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart toys market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Toys Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart toys market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Toys Market?

Smart Toys Market Market segmentation by region

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32% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for smart toys in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions.

The rapid technology penetration and evolved consumer demand will facilitate the smart toys market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hindered the growth of the regional smart toys market in 2020. As of April 20, 2022, about 0.98 million deaths occurred in the US due to COVID-19. The lockdowns implemented by governments across several states in the US and Canada adversely impacted the logistics and supply chain and slowed down economic growth in the region. However, in 2021, the initiation of large-scale COVID-19 vaccination drives led to a decrease in the number of COVID-19 cases and the lifting of lockdown restrictions in the region. This resulted in the resumption of transportation and manufacturing operations of smart toys.

What are the Revenue-generating Technology Segments in the Smart Toys Market?

Smart Toys Market Segmentation

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The smart toys market share growth by the Wi-Fi segment will be significant during the forecast period. Wi-Fi provides a high-speed data network within a small area such as a room, building, or small geographical segment on a big campus. Wi-Fi provides a significantly large and seamless range of operation when compared with Bluetooth or NFC, thereby becoming more popular. Wi-Fi transmits data at a much faster speed compared with Bluetooth. Hence, it is ideal for larger files and data. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart toys market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in :

Educational Toys- The market share is expected to increase by USD 28.40 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.25%.

Online Toys and Games Retailing- The market share is expected to increase by USD 16.04 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.39%. 

Toys and Games - The market share is expected to increase by USD 50.73 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.70%.

Smart Toys Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 11.5%

Market growth 2022-2026

$ 4.27 billion

Market structure

Fragmented

YoY growth (%)

14.47

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 32%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Activision Blizzard Inc., Digital Dream Labs, Genesis, geobra Brandstatter Stiftung and Co. KG, Hasbro Inc., Innovation First International Inc., LEGO System AS, Makeblock Co. Ltd., Mattel Inc., Miko, Ozobot and Evollve Inc., Primo Toys, Silverlit Toys Manufactory Ltd., Sony Group Corp., Sphero Inc., Spin Master Corp., Ubtech Robotics Inc., VTech Holdings Ltd., WowWee Group Ltd., and ZURU Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Smart Toys Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart toys market growth during the next five years
  • Precise estimation of the smart toys market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart toys industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough 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

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Technology

    • 5.1 Market segments
      • Exhibit 25: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Technology - Market share 2021-2026 (%)
    • 5.2 Comparison by Technology
      • Exhibit 27: Chart on Comparison by Technology
      • Exhibit 28: Data Table on Comparison by Technology
    • 5.3 Wi-Fi - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Wi-Fi - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Wi-Fi - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Wi-Fi - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Wi-Fi - Year-over-year growth 2021-2026 (%)
    • 5.4 Bluetooth - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Bluetooth - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Bluetooth - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Bluetooth - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Bluetooth - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Technology
      • Exhibit 41: Market opportunity by Technology ($ million)

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 42: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 43: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 44: Chart on Comparison by Distribution Channel
      • Exhibit 45: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 6.4 Online - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 54: Market opportunity by Distribution Channel ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 58: Chart on Geographic comparison
      • Exhibit 59: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Japan - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.11 UK - Market size and forecast 2021-2026
      • Exhibit 92: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.12 Germany - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 100: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 101: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 103: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 104: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 105: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 106: Matrix on vendor position and classification
            • 11.3 Activision Blizzard Inc.
              • Exhibit 107: Activision Blizzard Inc. - Overview
              • Exhibit 108: Activision Blizzard Inc. - Business segments
              • Exhibit 109: Activision Blizzard Inc. - Key offerings
              • Exhibit 110: Activision Blizzard Inc. - Segment focus
            • 11.4 Hasbro Inc.
              • Exhibit 111: Hasbro Inc. - Overview
              • Exhibit 112: Hasbro Inc. - Business segments
              • Exhibit 113: Hasbro Inc. - Key news
              • Exhibit 114: Hasbro Inc. - Key offerings
              • Exhibit 115: Hasbro Inc. - Segment focus
            • 11.5 LEGO System AS
              • Exhibit 116: LEGO System AS - Overview
              • Exhibit 117: LEGO System AS - Product / Service
              • Exhibit 118: LEGO System AS - Key news
              • Exhibit 119: LEGO System AS - Key offerings
            • 11.6 Makeblock Co. Ltd.
              • Exhibit 120: Makeblock Co. Ltd. - Overview
              • Exhibit 121: Makeblock Co. Ltd. - Product / Service
              • Exhibit 122: Makeblock Co. Ltd. - Key offerings
            • 11.7 Mattel Inc.
              • Exhibit 123: Mattel Inc. - Overview
              • Exhibit 124: Mattel Inc. - Business segments
              • Exhibit 125: Mattel Inc. - Key news
              • Exhibit 126: Mattel Inc. - Key offerings
              • Exhibit 127: Mattel Inc. - Segment focus
            • 11.8 Silverlit Toys Manufactory Ltd.
              • Exhibit 128: Silverlit Toys Manufactory Ltd. - Overview
              • Exhibit 129: Silverlit Toys Manufactory Ltd. - Product / Service
              • Exhibit 130: Silverlit Toys Manufactory Ltd. - Key offerings
            • 11.9 Sony Group Corp.
              • Exhibit 131: Sony Group Corp. - Overview
              • Exhibit 132: Sony Group Corp. - Business segments
              • Exhibit 133: Sony Group Corp. - Key news
              • Exhibit 134: Sony Group Corp. - Key offerings
              • Exhibit 135: Sony Group Corp. - Segment focus
            • 11.10 Spin Master Corp.
              • Exhibit 136: Spin Master Corp. - Overview
              • Exhibit 137: Spin Master Corp. - Business segments
              • Exhibit 138: Spin Master Corp. - Key offerings
              • Exhibit 139: Spin Master Corp. - Segment focus
            • 11.11 Ubtech Robotics Inc.
              • Exhibit 140: Ubtech Robotics Inc. - Overview
              • Exhibit 141: Ubtech Robotics Inc. - Product / Service
              • Exhibit 142: Ubtech Robotics Inc. - Key offerings
            • 11.12 VTech Holdings Ltd.
              • Exhibit 143: VTech Holdings Ltd. - Overview
              • Exhibit 144: VTech Holdings Ltd. - Business segments
              • Exhibit 145: VTech Holdings Ltd. - Key offerings
              • Exhibit 146: VTech Holdings Ltd. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 147: Inclusions checklist
                • Exhibit 148: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 149: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 150: Research methodology
                • Exhibit 151: Validation techniques employed for market sizing
                • Exhibit 152: Information sources
              • 12.5 List of abbreviations
                • Exhibit 153: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Smart Toys Market market growth will increase by $4.27 bn during 2022-2026.
              The smart toys market market is expected to grow at a CAGR of 11.5% during 2022-2026.
              Technavio has segmented the smart toys market market by technology (Wi-Fi, Bluetooth, and Others) ,distribution channel (Offline and Online) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Activision Blizzard Inc., Digital Dream Labs, Genesis, geobra Brandstatter Stiftung and Co. KG, Hasbro Inc., Innovation First International Inc., LEGO System AS, Makeblock Co. Ltd., Mattel Inc., Miko, Ozobot and Evollve Inc., Primo Toys, Silverlit Toys Manufactory Ltd., Sony Group Corp., Sphero Inc., Spin Master Corp., Ubtech Robotics Inc., VTech Holdings Ltd., WowWee Group Ltd., ZURU Inc. are a few of the key vendors in the smart toys market market.
              APAC will register the highest growth rate of 32% among the other regions. Therefore, the smart toys market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the smart toys market market growth are:
              • Adoption of STEM toys for childrens skills enhancement
              • Emergence of 3D printing
              The smart toys market market vendors should focus on grabbing business opportunities from the wi-fi segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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