LAMEA Connected Toys Market Size, Share & Industry Trends Analysis Report By Application, By Age Group, By Technology (Wi-Fi, Bluetooth), By Interfacing Device, By Distribution Channel, By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the LAMEA Connected Toys Market
Market Report Description
The Latin America, Middle East and Africa Connected Toys Market would witness market growth of 23.0% CAGR during the forecast period (2022-2028).
These days, connected toys are omnipresent and are growing in popularity because they give kids a wide range of interactive play and learning opportunities and features. However, it is important to make sure that parents implement security and privacy measures when a toy transitions from being a doll or an action figure to being a child's interactive buddy with the capacity to gather personal data and provide outside information.
Smart toys often referred to as connected toys, come in a variety of sizes and designs but all include some level of connectivity that enables kids to engage with the toy using a smart smartphone. Children's toys are now digitized and connected to the internet because of the development of technology, and they will soon advance even further. The market for connected toys is expanding as a result of a rise in internet users and the adoption of various handheld devices such as smartphones and tablets.
The industry for learning & educational toys is expanding due to the region's rising demand for various skill-developing activities and toys. Additionally, the COVID-19 pandemic increased demand for educational & learning toys in LAMEA region. In addition, due to the enforced lockdown, which kept most families confined to their homes, there is an increasing demand for puzzles and construction sets in the area. These families need toys and activities for children to pass the time.
The Brazil market dominated the LAMEA Connected Toys Market by Country in 2021; thereby, achieving a market value of $419.5 million by 2028. The Argentina market is anticipated to grow at a CAGR of 23.6% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 22.6% during (2022 - 2028).
Based on Application, the market is segmented into Education, Entertainment, and Other Applications. Based on Age Group, the market is segmented into Teenagers (13-19 years), 9-12 years, 6-8 years, and 1- 5 years. Based on Technology, the market is segmented into Wi-Fi, Bluetooth, and Others. Based on Interfacing Device, the market is segmented into PC/Laptop and Smartphone/Tablet. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Connected Toys Market is Predict to reach $23.4 Billion by 2028, at a CAGR of 19.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hasbro, Inc., Mattel, Inc., LEGO Group (KIRKBI A/S), VTech Holdings Limited, ROYBI, Pillar Learning, Ubtech Robotics Corp. Ltd., PlayShifu, Sphero, Inc. and Mainbot SAS
Scope of the Study
Market Segments Covered in the Report:
- Other Applications
By Age Group
- Teenagers (13-19 years)
- 9-12 years
- 6-8 years
- 1- 5 years
By Interfacing Device
By Distribution Channel
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hasbro, Inc.
- Mattel, Inc.
- LEGO Group (KIRKBI A/S)
- VTech Holdings Limited
- Pillar Learning
- Ubtech Robotics Corp. Ltd.
- Sphero, Inc.
- Mainbot SAS
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