The Global Connected Toys Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study.
The report comprises an exhaustive overview of the Connected Toys market, focusing on its leading players and their lucrative business expansion initiatives. It provides the reader with essential conclusive data and information concerning the Connected Toys market’s growth, assessed on both regional and global levels. Hence, the sample copy of the ‘Global Connected Toys Market’ research report is inclusive of a brief analysis of the Connected Toys industry, the competitive landscape, regional overview, technological innovation, and future market developments, which are based on a practical research methodology.
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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.
The leading contenders in the global Connected Toys market are listed below:
Mattel, Hasbro, The LEGO Group, Sony Corporation, VTech Holding Limited, UBTech Robotics Corp., DJI, iRobot Corporation, Sphero, Inc., Digital Dream Labs, Inc
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Market Segmentation:
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.
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
The Connected Toys global study report is a comprehensive analysis of the Connected Toys industry with regards to historical occurrences and a growth forecast in the coming years. The report analyzes the workings of the market to offer recommendations to the established companies as well as new entrants emerging in the market. The report covers a complete analysis of the Connected Toys industry and offers the reader a competitive advantage to stay ahead of the other players.
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