Global Science, Technology, Engineering And Mathematics (STEM) Toys Market 2024-2028
The science, technology, engineering and mathematics (STEM) toys market is forecasted to grow by USD 8.09 bn during 2023-2028, accelerating at a CAGR of 8.89% during the forecast period. The report on the science, technology, engineering and mathematics (STEM) toys market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing emphasis on STEM education, integration of digital platform in STEM education, and growing focus on gender equality and inclusion.
Technavio's science, technology, engineering and mathematics (STEM) toys market is segmented as below:
By Application
By Age Group
- 9-10 years
- 6-8 years
- 11-13 years
By Subjects
- Science
- Engineering
- Mathematics
- Technology
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the integration of artificial intelligence (AI) and machine learning (ml) technologies in STEM toys as one of the prime reasons driving the science, technology, engineering and mathematics (STEM) toys market growth during the next few years. Also, rise in popularity of augmented reality (AR) and VR technologies in STEM education and rise in adoption of sustainable and eco-friendly materials in STEM toys indu will lead to sizable demand in the market.
The report on the science, technology, engineering and mathematics (STEM) toys market covers the following areas:
- Science, technology, engineering and mathematics (STEM) toys market sizing
- Science, technology, engineering and mathematics (STEM) toys market forecast
- Science, technology, engineering and mathematics (STEM) toys market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading science, technology, engineering and mathematics (STEM) toys market vendors that include Building Blocks Learning Solutions Pvt. Ltd., Dilly Dally Kids, Elation Edtech Pvt. Ltd., Elenco Electronics Inc., Evollve Inc., Fat Brain Toys LLC., Franckh Kosmos Verlags GmbH and Co. KG, Fun Express LLC, Funvention Learning Pvt. Ltd., GoldieBlox Inc., Hape International Inc., Hasbro Inc., Innovation First International Inc., Learning Resources Ltd., LEGO SySTEM AS, Makeblock Co. Ltd., Makey Makey LLC., Mattel Inc., MobilizAR Technologies Pvt. Ltd., MVW Holdings Inc., Nesta Toys, Piper Learning Inc., PlanToys.com, PlayMonster LLC, Ravensburger AG, Scientifics Direct Inc., SmartGurlz, Smartivity Labs Pvt. Ltd., SND Digital Retails LLP, Sphero Inc., Spin Master Corp., Thimble, Timbuk Toys, Tinkering Labs Inc., and Xinxiang Alpha Manufacturing Ltd.. Also, the science, technology, engineering and mathematics (STEM) toys market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.