Connected Toys Market is expected to grow at a CAGR of 24.3 percent Bn by 2030

(IT-NEWSWIRE.COM, August 11, 2024 ) As per Maximize Market research, the Connected Toys Market value is projected to reach USD 66.90 Bn at the end of the forecast period and it is expected to grow at a CAGR of 24.3 percent Bn by 2030

The report covers a detailed analysis of the global connected toys industry with the classifications of the market based on an interactive device, technology, age group, distribution channel, and region. However, the report has considered all market leaders, followers, and new entrants with investors while analysing the market and estimating the size of the same.

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adoption of STEM toys for the development of critical problem-solving skills, thinking, and creativity is expected to drive the market during the forecast period. The use of connected toys includes the risk of data breach and private information about the child.

North America dominated the global connected toys market in 2023 and is expected to continue its dominance during the forecast period at a CAGR of xx%. However, the rapid adoption of AI, ML, and Voice & speech recognition-enabled connected toys is expected to boost the market growth in North America.

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Connected Toys Market Segmentation

by Interacting Device

App-Connected Drones

Smartphone-Connected Toys

Console-Connected Toys

Tablet-Connected Toys

by Technology

Wi-Fi

Bluetooth

RFID or NFC

by Age Group

2-5 years

6-8 years

8-12 years

Teenagers

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by Distribution Channels

Toy Shops

E-Commerce/Online Stores

Offline Stores

Specialty Stores

Others

Connected Toys Market Key Players:

K’NEX Industries Inc.

Leka Inc.

Mattel Inc.

Playmobil

Sony Corporation

Sphero Inc.

The Lego Group

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

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Connected Toys Market is expected to grow at a CAGR of 24.3 percent Bn by 2030