Smart Toys Market to Witness Exponential Growth by 2022
With advances in technology and increasing proliferation of artificial intelligence not only in the industrial space but also in consumer goods, emergence of smart toys has been considered as another novelty. Manufacturers of smart toys are focused upon innovating their products on the back of a significant increase in demand for smart toys. This aspect also underpins high purchasing power parity of developed countries. Furthermore, sales of smart toys being concentrated in the United States, they are also witnessing a robust demand from emerging economies such as China and India. Various insights on smart toys market have been included in the report – “Smart Toys Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” that has been added to the research library of XploreMR.
As the entertainment space gains ground with paradigm shift toward cognitive intelligence, manufacturers have developed smart toys that support parenting. For instance, Siliconic Home has developed Smarty that reminds children regarding homework assignments and answer their questions.
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Smart Toys Market: Taxonomy
The research report on smart toys market is segmented in-depth covering all angles thus providing a 360 degree view of the market. Analysis on every market segment across every key region in the globe has been included in this report. The smart toys market is segmented on the basis of toy type (voice or image recognition, app-enabled mechanical, screenless, toys-to-life, health tracking or wearables, puzzles and building games and others), by interfacing device (smartphones, consoles, tablets and drones), by wireless communications technology (Wi-Fi, Bluetooth, RFID/NFC and others) and region.
The region segment includes a country level analysis of the respective region. It is categorized into North America (United States, Canada and rest of North America), Europe (Germany, United Kingdom, Spain, France, Italy and rest of Europe), Latin America (Brazil and rest of Latin America), Asia Pacific (Japan, China, India and rest of Asia Pacific) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa and rest of Middle East and Africa).
Smart Toys Market: Report Structure
The report on smart toys market begins with an executive summary followed by market overview and market dynamics sections. The market overview section includes product overview and market definition and introduction. The dynamics section covers all factors that have an influence on the growth of the smart toys market. It focuses on various drivers, challenges or restraints, trends, developments and innovations that impact the demand and sale of smart toys, in turn influencing their market’s growth.
Smart Toys Market: Research Methodology
The analysis on smart toys market and corresponding insights have been obtained using a comprehensive and an exquisite research methodology. With primary and secondary research being the two main arms of this research process, the data so obtained is triangulated to obtain a realistic picture of the particular segment of the smart toys market. Beginning with an extensive secondary research, an overview of the market is obtained post which primary interviews are conducted. The data gleaned in each interview is verified in the next and the process continues till the conclusion of the research. This process enhances the accuracy of the data thus increasing the credibility of the insights covered in the report.
Smart Toys Market: Competition Landscape
The report on smart toys market includes detailed competitive analysis that covers product portfolio, SWOT analysis, developments and innovations, key strategies and financials of major players in the market. Companies such as Genesis Toy Co. Ltd., Hasbro Inc., Activision Blizzard Inc., Fisher-Price Inc., Spin Master Corp, LeapFrog Enterprises Inc., SmartGurlz ApS, Seebo Interactive Ltd., Reach Robotics Ltd., and Wow Wee Group Ltd., are profiled in the smart toys market report.
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