Global Autonomous Robot Toys Market Overview:
A robotic toy that performs tasks or operations without the presence or interference of humans is known as an autonomous robot toy. They recognize environmental stimuli instinctively and are capable of dealing with their surroundings on their own. Autonomous robot toys are gaining popularity as a fun and exciting way to educate children. They're also becoming more common among senior citizens as a robotic friend or companion who entertains them by reciting jokes and poems.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancements in the Field of Robotics and Availability of a Wide Range of Products
Market Growth Drivers:
Increasing Use of Autonomous Robot Toys for Educating a Group or an Individual and Rising Demand for Robotic Toys in Gaming Zones in Malls and Other Gaming Shops
Challenges:
Absence of Knowledge and Information amongst the People
Restraints:
Expensive and Require High Cost of Maintenance
Opportunities:
Availability of AI-based Robots, IoT and Cloud-based Technology Accelerates the Developments in the Field of Toy Robotics and Rising Demand amongst Children for a Fun and Entertaining Method of Learning
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are MRT International Limited (Canada), Modular Robotics Incorporated (United States), Hamleys (United Kingdom), The LEGO Group (LEGO education) (Denmark), Robotical Ltd (United Kingdom), RoboThink (United States), Fischertechnik GmbH (Germany), Rero (Bulgaria), Parallax Inc. (United States) and ArcBiotics (United States). Additionally, following companies can also be profiled that are part of our coverage like Dexter Industries (United States) and RAWrobotics (Australia). Analyst at AMA Research see Global Vendors to retain maximum share of Global Autonomous Robot Toys market by 2028. Considering Market by Functional Ability, the sub-segment i.e. Autonomous Navigation will boost the Autonomous Robot Toys market. Considering Market by Educational Level, the sub-segment i.e. Higher Studies will boost the Autonomous Robot Toys market. Considering Market by Educational Role, the sub-segment i.e. Tele-Presence will boost the Autonomous Robot Toys market.
Latest Market Insights:
July 2019 Reliance Brands completes acquisition of Hamleys. Reliance Brands has completed the acquisition of a 100 percent stake in Hamleys Global Holdings (HGHL) through a UK-incorporated special purpose vehicle company for GBP 67.96 million, Reliance Industries said in a BSE filing.
In Jan 2019, Hanson Robotics, the manufacturer of the most human like robots, launched their autonomous robot toy, LITTLE SOPHIA, a teacher cum companion for children of the age group of 7-13 years. Little Sophia would help kids grasp and learn new things in robotics, science, technology engineering, mathematics, coding, and artificial intelligence. Little Sophia, just like a human, expresses, sees, talks, sings, narrates stories, plays, and recognizes faces. Thus, she teaches kids in the most fun and entertaining way.
What Can be Explored with the Autonomous Robot Toys Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Autonomous Robot Toys Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Autonomous Robot Toys
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Autonomous Robot Toys market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Autonomous Robot Toys market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Autonomous Robot Toys, Suppliers and Distributors of Autonomous Robot Toys, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.