Report of Science, Technology, Engineering and Mathematics (STEM) Toys Market provides all study material concerning summary, growth, demand and forecast analysis report altogether across the globe. Science, Technology, Engineering and Mathematics (STEM) Toys Market is projected to grow at a gradual rate during the forecast period. Additionally, the report includes a brief on marketing research methodology as well as opportunities offered by the market. The Science, Technology, Engineering and Mathematics (STEM) Toys market is expected to grow at CAGR of 4.53% from 2019 to 2023. The Science, Technology, Engineering and Mathematics (STEM) Toys Market report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.
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About this marketRising application of Al in STEM toys to drive market growth. The application of artificial intelligence (Al) in STEM toys has grown over the last few years. Al-powered STEM toys are becoming popular, especially among working parents. This is because these toys act as learning companions for children and offer customizability for a range of lessons in core STEM disciplines and coding. With the advent of cloud-based artificial intelligence software platforms, vendors can design smart STEM toys that can hold intelligent conversations with children. market analysts have predicted that the STEM toys market will register a CAGR of nearly 5% by 2023.
Market Overview:-Rising adoption of STEM toys as teaching aids Owing to the growing global shift in context-based learning in primary and secondary education, parents and teachers are encouraging the adoption of STEM toys as teaching aids. STEM toys offer a practical, hands-on learning approach for students, helping them grasp basic concepts in core disciplines such as science and mathematics. The growth in job opportunities corresponding to STEM disciplines has subsequently increased the demand for mass-market and specialty STEM toys in the education sector.Increased adoption of stringent regulations and standards The global STEM toys market is a highly regulated industry because the end-users are kids. Some STEM toys include complex mechanisms such as electronic gadgets and circuitry. Hence, toy associations and governments make toy safety, quality, and necessary labeling for these products the prime factors to take care of. The compliance with these regulations increases the ownership costs of STEM toys manufacturers.For the detailed list of factors that will drive and challenge the growth of the STEM toys market during the 2019-2023, view our report.
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The vendor analysis is one of the key element and is very useful for every player to understand the competitive landscape in the market. The Science, Technology, Engineering and Mathematics (STEM) Toys Market report considers HasbroLearning ResourcesLEGO GroupMattelSpin Master as top players and analyze them for various parameters and delivers information about
- Market position
- Organizational developments
- Strengths and weakness
- Segment focus
- Geographic focus
- Business segments.
Competitive Landscape:-The market appears to be fragmented and with the presence of several companies including Mattel and Spin Master the competitive environment is quite intense. Factors such as the rising application of Al in STEM toys and the rising adoption of STEM toys as teaching aids, will provide considerable growth opportunities to STEM toys manufactures. Hasbro, Learning Resources, LEGO Group, Mattel, and Spin Master are some of the major companies covered in this report.
Methodology-Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes market Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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Table of Contents Science, Technology, Engineering and Mathematics (STEM) Toys Market
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market size and forecast
PART 06: FIVE FORCES ANALYSIS
• Threat of new entrants
• Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
• Segmentation by application
• Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
• Regional comparison
• EMEA – Market size and forecast
• APAC – Market size and forecast
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 12: MARKET TRENDS
• Development of shape memory alloys with high fatigue life
• Development of tires with shape memory alloy
PART 13: VENDOR LANDSCAPE
• Competitive landscape
PART 14: VENDOR ANALYSIS
• Vendor classification
• Market positioning of vendors
In the next part of the Science, Technology, Engineering and Mathematics (STEM) Toys market research report, development policies and plans are discussed. This report also states growing domain, production and revenue by regions. The Science, Technology, Engineering and Mathematics (STEM) Toys Market forecast to 2023 Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types, and Applications is also provided.