Connected Toys Market Revenue Trends, Company Profiles, Revenue...

Connected Toys Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2030

Posted 2023-03-01 06:40:09

Emergen Research’s latest market research report focuses on the global Connected Toys Market, and the report provides in-depth analysis of each of its major segments. Reports about the global Connected Toys market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfoliosConnected Toys industry projections and qualitative and quantitative assessments have been provided by the report's authors. The SWOT analysis and Porter’s Five Forces Analysis are some of the most important components of this report that provide insight into the highly competitive environment of the industry. A detailed analysis of the global Connected Toys market is presented in the report, including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Aside from revenue growth drivers & restraints, production & consumption patterns, changing consumer preferences, and stringent regulatory standards, this report also examines other key aspects of regional markets.

According to the most recent analysis by Emergen Research, the size of the global market for connected toys is anticipated to reach USD 36.63 billion in 2030, with a consistent revenue CAGR of 20.9%. The consistent market revenue growth of connected toys can be ascribed to the shift toward two working parents that gave rise to the monitoring and tracking of toy devices. The average proportion of working moms across OECD nations in 2019 was 70.9%. In 45.6% of two-partner homes, both members are full-time workers. In the EU in 2020, 72.2% of mothers and 90.0% of fathers were employed. In Australia, most parents will be employed in 2021. 63.9% of single parents were employed. 78.4% of those households had a working single mother. Both parents had jobs in 69.9% of two-parent families with kids. In the UK in 2019, 92.6% of fathers and 75.1% of mothers reported having a job. 28.5% of mothers reported working fewer hours owing to childcare, compared to only 4.8% of men. As a result, there is a surge in demand for connected toys to assist parents watch and track their children, which in turn is propelling market revenue development.

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Recent years have seen rapid developments in the information and communication technology sector, with the industry projected to grow substantially in revenue over the next five years. ICT industry technology advancements, increasing adoption of advanced and latest devices, an increasing number of consumers using these devices, and high internet penetration worldwide are expected to drive global market revenue growth throughout the forecast period. The global market is expected to grow as a result of factors such as a growing risk of data leakage, an increasing use of advanced technologies like artificial intelligence (AI), the Internet of Things, and cloud services to manage large amounts of data, as well as a growing investment in research and development activities for developing advanced devices and solutions.

Leading companies operating across the global Connected Toys market:

Mattel, Hasbro, The LEGO Group, Sony Corporation, VTech Holding Limited, UBTech Robotics Corp., DJI, iRobot Corporation, Sphero, Inc., Digital Dream Labs, Inc

Research Report on the Connected Toys Market Addresses the Following Key Questions:

Who are the dominant players of the Connected Toys market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Connected Toys market?
What are the key growth drivers and restraining factors of the Connected Toys market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Connected Toys market and its key segments?

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Market Overview:

The report bifurcates the Connected Toys market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

- Application Outlook (Revenue, USD Million; 2019–2030)
  - Education
  - Entertainment
  - Other Applications
- Age Group Outlook (Revenue, USD Million; 2019–2030)
  - 1-5 Years
  - 6-8 Years
  - 9-12 Years
  - Teenagers (13-19 Years)
- Distribution Channel Outlook (Revenue, USD Million; 2019–2030)
  - Online
  - Offline

Regional Landscape section of the Connected Toys report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

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The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Connected Toys market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

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