Smart toys market is segmented on the basis of type, interfacing device, technology, distribution channel and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
Smart toys market is analyzed and market size, volume information is provided by country of type, interfacing device, technology, distribution channel and end users as referenced above.
The countries covered in the smart toys market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the smart toys market because of the rising disposable income and busy lifestyle among the people in emerging countries in this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the growing urban population and rising number of smart toys manufacturing companies in this region.
The country section of the smart toys market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Though the high price point in many smart toys may seem to be the top concern among consumers, the topic of security and privacy is actually much greater. The Children’s Online Privacy Protection Act (COPPA) is a U.S. law protecting children 13 years and younger from having data collected from them. Knowing a kid’s toy is listening in on a family 24/7 is indeed unsettling.
Luckily, organizations and companies, such as the World Economic Forum, are taking action and encouraging the importance of developing ethical guidelines and responsible design on smart toys. As a precaution, consumers are encouraged to conduct their own research and educate themselves before settling on a particular smart toy. Parents are also encouraged to supervise playtime, learn what data different toys collect, and check if a toy manufacturer has a history of security breaches.
Xinyu is a high-tech comprehensive enterprise with 23 years of experience in R&D, production, sales and service. It specialized in the production of remote control smart toys and educational building block toy products. The company has a leading domestic R&D team for remote control smart toys and educational building block toys. If you have any inquiry, please do not hesitate to contact us.
