Product ID: SQMIG45I2110
Global Connected Toys Market Size, Share, Growth Analysis, By Interface(App-based connected drones, Console connected toys), By Distribution Channel(Retailers, Online) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2110 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
64 |
Figures:
76
Global Connected Toys Market Insights
Global Connected Toys Market size was valued at USD 9.45 billion in 2022 and is poised to grow from USD 11.75 billion in 2023 to USD 66.94 billion by 2031, growing at a CAGR of 24.3% during the forecast period (2024-2031).
The global connected toys market has experienced significant growth in recent years due to advancements in technology, increasing consumer demand for interactive and educational play experiences, and the proliferation of Internet of Things (IoT) devices. Connected toys are physical toys that are integrated with digital components, such as sensors, cameras, and wireless connectivity, enabling them to interact with apps, devices, and the internet. Factors driving the market's expansion include the rising trend of blended play, where physical and digital play are combined to offer enriched experiences, as well as the potential for enhanced learning and engagement for children. The ability of connected toys to provide personalized and interactive content, as well as real-time feedback and data collection, has garnered interest among parents and educators. The market encompasses a wide range of products, from interactive dolls and action figures to educational tablets and augmented reality-based playsets. Key players in the industry are continuously innovating to create compelling and safe connected toys while addressing concerns related to data privacy and security.
US Connected Toys Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Connected Toys Market Report Snapshots
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