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Connected Toys Market worth $24.1 billion by 2028- Exclusive Report by MarketsandMarkets™
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The adoption of connected toys among teenagers is driven by factors such as their familiarity and comfort with technology as digital natives, and Teenagers are part of the digital-native generation, highly familiar with and comfortable using technology. Connected toys align with their tech-savvy lifestyles, offering a bridge between the physical and digital worlds. It also offers educational content or opportunities for skill development, which can be attractive to teenagers seeking to learn and improve in a specific area. They interact with the screen as they play and learn.
The widespread ownership of smartphones and tablets has created a large and diverse user base, making these devices a convenient and accessible platform for connected toy manufacturers. The ubiquity of smartphones and tablets ensures that connected toys can easily reach a broad audience of consumers, including children, parents, and tech-savvy individuals.
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The tech-savvy population in North America , characterized by a strong affinity for digital devices and experiences, is a key driver for the Connected Toys Market. Connected toys cater to this digital lifestyle, offering interactive and engaging play options that resonate with children and teenagers in the region. Also, the region's expertise in advanced technologies contributes to developing cutting-edge, connected toys, keeping North American consumers at the forefront of interactive play experiences.
The major players in the are Mattel (US), The key market players profiled in the Connected Toys Market report include Mattel (US), Hasbro (US), LEGO ( Denmark ), Sony ( Japan ), VTech ( Hong Kong ), UBTECH ( China ), DJI ( China ), iRobot (US), Sphero (US), Digital Dream Labs (US), Pillar Learning (US), Wonder Workshop (US), TOSY Robotics ( Vietnam ), Workinman Interactive ( New York ), WowWee Group ( Hong Kong ), KEYi Technology ( China ), Miko ( India ), Makeblock ( China ), Smart Teddy (US), Intelino (US), Fischertechnik ( Germany ), Potensic ( China ), Mainbot ( France ), ROYBI (US), PlayShifu ( India ). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their footprint in the Connected Toys Market.
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