Asia-Pacific Smart Toys Market Databank
The Smart Toys market was valued at $10,530.0 Million in 2020, and is projected to reach $42,238.5 Million by 2029 growing at a CAGR of 16.75% from 2021 to 2029. Interactive Games segment is expected to be the highest contributor to this market, with $8,274.8 Million in 2020, and is anticipated to reach $33,239.1 Million by 2029, registering a CAGR of 16.77%. Robots segment is anticipated to reach $6,412.0 Million by 2029 with the highest CAGR of 16.87%. Interactive Games and Robots segments collectively expected to account for about 93.6% share of the Smart Toys market in 2020, with the former constituting around 78.6% share. Robots and Interactive Games segments are expected to witness significant growth rates at a CAGR of 16.87% and 16.77% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 93.6% in the overall Smart Toys market in 2020, and is anticipated to reach 93.9% by 2029.
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