Connected Toys Market Size, Revenue Analysis, Industry Outlook, Forecast, 2021-2032
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 Global Connected Toys Report is a panoramic study of the overall Connected Toys market published by Reports and Data and covers a wide-ranging analysis of the technological advancements and product developments in the Connected Toys market. The report provides a detailed analysis of the key factors of the Connected Toys market that are expected to have a positive impact on the growth of the Connected Toys industry. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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Key companies profiled in the report include:
Mattel, Hasbro, The LEGO Group, Sony Corporation, VTech Holding Limited, UBTech Robotics Corp., DJI, iRobot Corporation, Sphero, Inc., Digital Dream Labs, Inc
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Connected Toys market?
What are the key product types and applications of the Connected Toys industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Connected Toys market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Connected Toys Market by 2027?
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Market Segmentation
- 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 Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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