About Intelligent Robot Toy
Over the past few decades, the toy industry has witnessed an excess of changes in terms of innovation, design and technology used. Intelligent Robot toys are designed for kids that teach the art of coding through interactive play. These robots can interact with people by dancing, telling stories, singing especially to children. The inclination from traditional to electronic toys due to exposure to technology at an early age has led to the increasing demand for technologically driven toys. Moreover, the mounting interest of animatronics is expected to drive the demand for intelligent robot toys in the market during the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Intelligent Robot Toy is fragmented and the companies are focusing on the innovations. The emerging economies are to estimate positive growth due to factors such as rising disposable income in upcoming years. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Intelligent Robot Toy market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DJI (China), Locus Robotics (United States), SCHUNK (Germany), Rethink Robotics (United States), WowWee (Hong Kong), Pillar Learning (United States), Anki (United States), Makeblock (China) and Woogie (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mi (United States), IFLYTEK (China), FANUC (Japan) and Blue Frog Robotics (France).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Robot Toy market by Type (Musical Robot Toy, Educational Robot Toy, Model Toy, Cartoon Toy, Magnetic Toys and Others) and Region.
On the basis of geography, the market of Intelligent Robot Toy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Sensor will boost the Intelligent Robot Toy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the Intelligent Robot Toy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating, the sub-segment i.e. Battery Operated will boost the Intelligent Robot Toy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Toddlers will boost the Intelligent Robot Toy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Trend for Intelligent Robot That Help Kids To Learn, To Code, Or To Practice Building Legos
Market Growth Drivers:
The Invention and Creativity, and Emphasis on Technological Driven Learning and Education and The Growing Adoption for technologically-driven Toys
Challenges:
Technical Troubleshooting In Human Machine Interface Will Be Expected Challenges
Restraints:
Intelligent Robot Toy Are More Expensive Compared to Ordinary Toys
Opportunities:
Use of Intelligent Robot Toy with Technological Advancement Is Growing Proportion of the Population by Economically Vastly Has Created the Growth Opportunities for It in the Market
Market Leaders and their expansionary development strategies
In October, 2022, Miko a robotic startup has acquired Square Off To Build Smart Robotic Toys. With the acquisition, Miko will expand its product line beyond the AI robot companions that initially put it on the map,
In March 2024, Hyodol, a South Korean company has launched its AI game for senior citizens to beat one of the vulnerable states - loneliness. The South Korean company has invented a 'social robot' for senior citizen with dementia who are experiencing loneliness or social isolation, minding that such experiences can lead to major mental and physical health issues.
Key Target Audience
Intelligent Robot Toy Manufacturers, Intelligent Robot Toy Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.