Global Connected Toys Market to Reach $46.4 Billion by 2030
The global market for Connected Toys estimated at US$13.6 Billion in the year 2023, is expected to reach US$46.4 Billion by 2030, growing at a CAGR of 19.1% over the analysis period 2023-2030. Console-Connected Toys, one of the segments analyzed in the report, is expected to record a 18.3% CAGR and reach US$18.5 Billion by the end of the analysis period. Growth in the Smartphone-Connected Devices segment is estimated at 19.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 18.2% CAGR
The Connected Toys market in the U.S. is estimated at US$4.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2030 trailing a CAGR of 18.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.8% and 16.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.
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