Unlock What Growth Connected Toys Market May See in Future; Participants Still Eyeing Growth in Market

Connected Toys Market Latest Edition Published with Forecast to 2028
The article cited AMA's Global Connected Toys Market Study explored substantial growth with CAGR of %. According the report, Latest Software and AI Advancements is one of the primary growth factors for the market. The Growing Use Of Technology, Science, Math and Engineering Toys is also expected to contribute significantly to the Connected Toys market. Overall, applications of Connected Toys, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Mattel (United States), Hasbro (United States), LEGO Group (Denmark), Sphero (United States), Sony (Japan), PLAYMOBIL (Germany), BANDAI NAMCO (Japan), K'NEX (United States), Konami (Japan) and Wonder Workshop (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Technology, such as Wi-Fi, is boosting the Connected Toys market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Distribution Channel, such as Toy Shops, is boosting the Connected Toys market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Age Range, such as 2-5 years, is boosting the Connected Toys market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Connected Toys market identified that the demand is rising in many different parts of the world as "Increased Investments in R&D ". Furthermore, some recent industry insights like "April 2021 – LEGO and Nintendo have announced the LEGO Super Luigi Starter Course. The Adventures with Luigi Starter Course is slated to launch in August. It features 280 pieces and can be combined with the previous LEGO Super Mario sets." is constantly making the industry dynamic. One of the challenges that industry facing is "Negative Effects on Children’s Development and Internet Connected Toys Devices Are Disposed To Hacking Privacy"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Connected Toys market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Connected Toys market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Connected Toys market tight?
• Which application/end-user category or Product Type [Smartphone-Connected Toys, App-Connected Drones, Console-Connected Toys and Tablet-Connected Toys] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Connected Toys market and other related sub-markets covered in the study.

o Key & emerging players in the Connected Toys market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Connected Toys market size is calculated using market estimation process, the Connected Toys market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Connected Toys market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales