Connected Toys Market Size, Trends, Revenue Share Analysis, Forecast, 2030

1. Connected Toys Market Size Worth USD 36.63 Billion 2030 Shift toward two-working-parent households giving rise to monitoring and tracking of toy devices is a significant factor driving global connected toys market revenue growth www.emergenresearch.com

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4. Industries We Cater to Food & Beverages Foods & Beverage, Food Ingredients, Food Processing and Equipment, Food Testing and Supply Chain, Health Food and Sports Nutrition, Frozen and Processed Food, Household, Retail Power & Energy Oil and Gas, Electricity, Energy Storage, Environmental, Renewable Energy Automotive Services Information and Tech Electric and Hybrid Vehicles, Off Highway and On Highway Vehicles, Aftermarket and Maintenance, Automotive Parts, Interior and Exterior Materials, Automotive electronics and Systems Data Security, Cloud Computing, IoT and Digitalization, Robotics, Telecom and Networking, Software and Services, Analytics, Semiconductor, Internet and E-Commerce www.emergenresearch.com Pharma & Healthcare Materials and Chemicals Medical Devices, Therapeutics, Biotechnology, Medical Imaging, Healthcare IT, Hospital Management, Diagnostics, Laboratory Equipment, Pharmaceutical Organic Chemicals, Disinfectants and Preservatives, Adhesives and Sealants, Polymers and Resins, Petrochemicals, Agrochemicals and Fertilizers, Paints and Coatings 5

5. Market Summary The global connected toys marketsize is expected to reach USD 36.63 Billion at a steady revenue CAGR of 20.9% in 2030, according to the latest analysis by Emergen Research. Shift toward two working parents giving rise to the monitoring and tracking of toy devices can be attributed to the steady market revenue growth of connected toys. In OECD countries in 2019, the average percentage of working mothers was 70.9%. 45.6% of two-partner households have both partners employed full-time. In the EU in 2020, 72.2% of mothers were employed, compared to 90.0% of fathers. In Australia, the majority of parents worked in 2021. Of single parents, 63.9% had jobs. In 78.4% of those households, the single mother was employed. In 69.9% of two-parent families with children, both parents were employed. In the U.K. in 2019, 75.1% of mothers and 92.6% of fathers were employed. Compared to only 4.8% of males, 28.5% of moms reported working fewer hours due to childcare. Hence, owing to the increase in number of two-working-parents there is a rise in demand for connected toys to help monitor and track their children, which is in turn driving market revenue growth. A recent trend in the market is the use of virtual drone games. For instance, playing virtual drone games with the Epson Moverio AR glasses is now possible owing to a new game from Epson. Users can practice their drone flying skills in the games (developed by a company named EdgyBees) in an augmented reality environment. An individual’s drone's camera captures a first-person perspective of the sky that is overlaid with a simulated obstacle course. Users can play against other players in the multi-player mode as well. Read More : https://www.emergenresearch.com/industry-report/connected-toys-market www.emergenresearch.com

6. Market Summary Some Key Highlights From the Report On 5 October 2022, Square Off, a company that creates Artificial Intelligence (AI)-driven automated board games, purchased the majority of Miko, an AI robotics business for children. Existing investors have been completely evicted from Square Off by Miko, who has acquired a 70% interest in the company. Miko's product line will now go beyond AI robot companions as a result of the acquisition. Children ages five and older can have fun while learning with Miko's namesake kid robots. The entertainment segment is expected to lead in terms of revenue share in the global market over the forecast period. Toys with advanced features such as facial or voice recognition can engage children by answering their questions or imitating their activities. Examples include iPads, programmable robots, and interactive dolls. The interactive nature of these features keeps kids interested and amused. The 1-5 years segment is expected to account for a large revenue share over the forecast period. A few of the connected toy innovations designed for older kids are networked fidget spinners and digitalized stacking games. more complex technologies have been produced, allowing toy companies to produce virtual elements in their products for younger children as well owing to the development of virtual reality. It is only natural for technology to be included in time-tested play formats as society advances. Request Free Sample @ https://www.emergenresearch.com/request-sample/1399 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented the global connected toys market on the basis of application, age group, distribution channel, and region: • Application Outlook (Revenue, USD Million; 2019–2030) • Education • Entertainment • Other Applications • Age Group Outlook (Revenue, USD Million; 2019–2030) • 1-5 Years • 6-8 Years • 9-12 Years • Teenagers (13-19 Years) • Distribution Channel Outlook (Revenue, USD Million; 2019–2030) • Online • Offline • Request customization @ https://www.emergenresearch.com/request-for-customization/1399

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