In July 2022, Mattel has announced multi-year agreement with SpaceX to develop collectibles and toys for children. The device can be controlled and managed through Smart Connect App.
Mattel offers Mattel Fisher-Price, smart connect deluxe soother that is Smart Connect Deluxe Soother is used to develop calm and comfortable environment with soothing lights, gentle music, and songs. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their footprint in the connected toys market. Various globally established players such as Mattel (US), Hasbro (US), LEGO (Denmark), Sony (Japan), and VTech (Hong Kong) are dominating the connected toys market. VTech, a company that produces tablets for children and develops smart connected toys for children, has faced the largest consumer data breach in which the personal information of almost approximately 5 million parents and more than 200,000 kids were hacked. The demand for connected toys is rising due to its benefits for kids, working parents, and tutors, but it comes up with some privacy concerns. The goal of the tablet is to help build core skills in mathematics, reading, science, music, problem-solving, logic, and creativity as kids go through the tutorials and learn independently. Startup/SME Vendors - Sphero (US), Digital Dream Labs (US), Pillar Learning (US), Wonder Workshop (US), TOSY Robotics (Vietnam), Workinman (New York), WowWee Group (Hong Kong), KEYi Technology (China), Miko (India), Makeblock (China), Smart Teddy (US), Intelino (US), Fischertechnik (Germany), Potensic (China), Mainbot (France), ROYBI (US), and PlayShifu (India).īy interfacing device, smartphone/tablet segment to grow at highest CAGR during forecast period Major Vendors - Mattel (US), Hasbro (US), LEGO (Denmark), Sony (Japan), VTech (Hong Kong), UBTECH (China), DJI (China), and iRobot (US).
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America Application, Age Group, Distribution Channel, Interfacing Devices, Technology, and Region
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