Science, Technology, Engineering and Mathematics (STEM) Toys - Worldwide Market Analysis & Forecast 2019-2023, with Hasbro, Learning Resources, LEGO Group, Mattel, and Spin Master Leading - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 6, 2019--The “Global Science, Technology, Engineering and Mathematics (STEM) Toys Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The STEM toys market will register a CAGR of nearly 5% by 2023.
Rising 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. AI-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.
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.
The market appears to be fragmented and with the presence of several companies including Mattel and Spin Master, the competitive environment is quite intense.
Key PlayersHasbro Learning Resources LEGO Group Mattel Spin Master
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNELComparison by distribution channel Offline channels - Market size and forecast 2018-2023 Online channels - Market size and forecast 2018-2023 Market opportunity by distribution channel
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison APAC - Market size and forecast 2018-2023 North America - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDSIntroduction of subscription services for STEM toys Growing popularity of coding robot toys Rising application of AI in STEM toys
PART 11: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Hasbro Learning Resources LEGO Group Mattel Spin Master
For more information about this report visit https://www.researchandmarkets.com/research/pmnzsd/science?w=4
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING ENGINEERING CHILDREN OTHER SCIENCE CONSUMER SCIENCE
SOURCE: Research and Markets
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PUB: 02/06/2019 11:40 AM/DISC: 02/06/2019 11:40 AM