The global Smart AI Toys market was valued at USD 12.143 billion in 2022, is projected to grow at a CAGR of 14.7% during the forecast period 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Smart AI Toys Market . Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Smart AI Toys Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Smart, connected devices for a wide range of uses have become more common as the Internet of Things has spread quickly. Smart AI toys use technologies like the Internet of Things (IoT), artificial intelligence (AI), smart devices, etc. to help kids learn and have fun. The toy gives kids a personalized way to play because it has built-in software that can recognize voice and image, work with apps, read RFID tags, and let kids browse the web. For example, CogniToys’ Dino stays connected with Wi-Fi and uses IBM Watson’s natural language processing technology to adapt its answers to the child’s age and skill level.One of the main things driving the market for smart AI toys is the use of STEM (science, technology, engineering, and math) toys to improve children’s skills. Through smart interaction and behavioral learning, smart AI toys improve professional skills like coding and engineering. Parents always want to buy their kids things that will help them grow intellectually, which will make smart AI toys even more popular. SmartGurlz toys and other companies teach girls how to code. There are many features, such as direct and two-way communication that helps personalize the toy, real-time tracking of children’s activities, and the ability to store personal information like the child’s name, photos, and voice recordings. Smart AI toys are becoming more popular for a number of reasons. Smart AI toys bears are available from companies like Fisher-Price. You can control them with the smart AI toys app on your phone. During the forecast period, the market is expected to be driven by these new ideas.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Smart AI Toys Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Smart AI Toys Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.Based on the type of product, the market is divided into Robots, Interactive Games, and Educational Robots. In 2021, around 30% of the revenue from the Smart Toys market came from the Interactive Games segment. because there are more edutainment services and more people use smartphones. Depending on the technology, the market is divided into Wi-Fi, Bluetooth, RFID, or NFC. In 2021, the market was dominated by Wi-Fi. By using the power of the wireless Internet, these toys can connect to external services and devices to improve the user experience. The market is divided into Online/Ecommerce Stores, Specialty Stores, and Toy Shops based on how the products get to customers. With market growth, the Online/E-commerce Stores segment led the market in 2021. Based on the end user, the market is split into Toddlers, Preschoolers, Kids in School, and Teens. In 2021, the market growth was led by the Stripling segment.
Based on types, the Smart AI Toys Market is segmented into:
- Smartphone Connected
- Tablet-Connected
Based on application, the Smart AI Toys Market is segmented into:
- Online Stores
- Specialty Stores
- Convenience Stores
By Age:
- 0-3 years
- 3-8 years
- 8-12 years
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Recent Development
In April 2022, LeapFrog Enterprises, Inc., the most innovative company making educational toys for kids, released its famous Scout and Violet plush toys and new touch-sensitive technology toys that are great for pretend play and make learning fun and exciting for young kids.
Smart Toys and Games buys The Happy Puzzle Company in July 2022. With this purchase, Smart will add The Happy Puzzle Company’s products to its growing line of goods and be able to sell them more widely through its worldwide network.
Regional Analysis
The study looks at the markets in North America, Europe, Asia-Pacific, and the rest of the world by region. North America is expected to have the biggest market share because smart toys are becoming more popular there. Due to the benefits of smart toys in STEM (Science, Technology, Engineering, and Math) and the growing need for programming and embedding technologies, including AI, the US is expected to lead the country-level market in North America.
Also, the market report looks at the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil, which are the biggest countries.
Regional Smart AI Toys Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Smart AI Toys Market include:
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- Smart AI Toys Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the Smart AI Toys Market :
Dream International Ltd., Integrity Toys, Inc., JAKKS Pacific Inc., Kids II, Inc., K’NEX Brands, Inc.,
Recent Development
In April 2022, LeapFrog Enterprises, Inc., the most innovative company making educational toys for kids, released its famous Scout and Violet plush toys and new touch-sensitive technology toys that are great for pretend play and make learning fun and exciting for young kids.
Smart Toys and Games buys The Happy Puzzle Company in July 2022. With this purchase, Smart will add The Happy Puzzle Company’s products to its growing line of goods and be able to sell them more widely through its worldwide network.
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