Autonomous Robot Toys Market

Global Autonomous Robot Toys Market Research Report: Information by segments like Type (Solar Powered, Battery Powered, Others), Application (Education, Entertainment) and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Electronics & Semiconductor | January 2024 | Report ID: EMR00404 | Pages: 301

Global Autonomous Robot Toys Market is predicted to reach approximately USD 23.89 billion by 2031, at a CAGR of 19.47% from 2022 to 2031.

Autonomous robot toys have grown in popularity in the educational industry in recent years, providing a fun and engaging approach to educate youngsters. These toys are designed to help students develop their skills, knowledge, and attitudes by providing a hands-on, interactive learning experience. They can range from mobile to collaborative robots, with companies constantly proposing unique solutions that combine learning and enjoyment. Furthermore, these providers frequently provide a browser-based learning ecosystem that teachers and students can access from any internet-enabled device. The increasing use of self-driving robot toys for educational reasons is likely to boost market growth in the future years.

 

 

Global Autonomous Robot Toys Market REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

USD 6.28 Bn

Projected Market Value (2031)

USD 23.89 Bn

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, Application & Region

Segments Covered

By Type, Application & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market and share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Autonomous Robot Toys Market Dynamics

The worldwide autonomous robot toys market is expanding as a result of increased government spending in educational institution improvements, rising recognition of autonomous robot toys as perfect teaching aids, and technological developments. Because of their capacity to engage children, stimulate skill development, and provide an interactive learning experience, these toys have grown in popularity in educational institutions and families. What distinguishes autonomous robot toys is their ability to receive exact information about their surroundings and act on it automatically without human interaction. This attribute will continue to fuel market development as long as there is a high desire for creative educational solutions that meet the changing demands of youngsters.

 

Market Driver

  • The educational sector is seeing an increase in demand for Autonomous Robot Toys:

The educational organisations is continuously expanding in response to changing student demands, necessitating the use of innovative technologies in classrooms for maximum results. This move has catapulted self-driving robot toys into the spotlight. Market leaders and well-known firms are constantly creating and improving autonomous robot toys in order to provide engaging and practical learning experiences. These robotic toys are getting more user-friendly and efficient by combining new technology. As a result, increased demand in the educational sector for autonomous robot toys is likely to boost market expansion.

  • Rapid advancements in the technology of autonomous robot toys:

The future presents several opportunities for market development in the autonomous robot toys sector, propelled by continued technological progress. Leading manufacturers are creating sensor-integrated autonomous robot toys that can travel around their environment without colliding. Furthermore, there is a determined effort on to make these toys more affordable to the general public by lowering pricing. These projects seek to broaden the market's reach and enable a broader spectrum of customers to reap the benefits of self-driving robot toys. As a result, the market is expected to expand significantly in the future years.

 

  • Restraints:

The high cost associated with these toys, including the initial price and ongoing maintenance expenses. This can limit their affordability and accessibility for educational institutions and individual consumers. Additionally, the lack of awareness about autonomous robot toys among the general public poses a challenge. Without sufficient knowledge about their capabilities and benefits, potential customers may be hesitant to invest in these toys. Addressing these restraints will be crucial to unlocking the full potential of the autonomous robot toy market and fostering its widespread adoption.

  • Opportunities:

Rising technology advancements and breakthroughs in self-driving robot toys create potential market opportunities. These toys' incorporated environment-sensing devices and sensors improve operational efficiency and safety, fueling demand for sophisticated versions. The increased emphasis on area sensing capabilities, autonomous navigation, and self-maintenance brings up new market opportunities. Furthermore, manufacturers' cost-cutting efforts make autonomous robot toys more accessible to a broader market base. These opportunities present the possibility of market expansion and increased adoption of autonomous robot toys in a variety of educational settings as well as among the general public.

 

Segment Overview:

Based on Type:

Solar Powered, Battery Powered, and Others are the market segments for Autonomous Robot Toys. The Battery Powered section is likely to dominate in the next years, owing to the growing popularity of solar-powered autonomous robot toys. Battery-powered toys have longer battery life and do not require solar charging, making them more convenient and reducing the need for sun exposure. They may also be charged by electricity, just like Bluetooth speakers, ensuring simplicity and safety. As a result, the Battery Powered segment is expected to have a bigger market share, while demand for solar powered toys continues to climb.

Based on Application:

The market for Autonomous Robot Toys is divided into two categories: educational and entertainment. Over the years, Entertainment Autonomous Robot Toys have had a bigger market share, but the educational segment is growing at a noteworthy rate. This growth can be linked to current technological advancements and the incorporation of artificial intelligence (AI), notably in the context of education and distant learning, which has gained importance since the Covid epidemic. While the major appeal of these toys is their entertainment value, Educational Autonomous Robot Toys are becoming increasingly popular to a wide variety of age groups due to their capacity to give both learning and leisure experiences.

 

Global Autonomous Robot Toys Market Overview by Region:

North America now dominates the global market for autonomous robot toys, with estimates predicting that it will hold the biggest market share. The region is likely to develop significantly over the forecast period, propelled by ongoing technical advancements, the strong presence of leading market players, and the increasing acceptance of autonomous robot toys in educational institutions. Autonomous robot toys are being used by prominent educational institutions in nations such as the United States to boost skill development and create an interactive and enjoyable learning environment for pupils.

In the Asia Pacific region during the projected period, it is forecasted that sales of autonomous robot toys would increase quickly with a sizable CAGR. The adoption of classroom automation is growing, and the government has made large investments in the modernization of the educational system, which can be used to explain this rise. A substantial client base and cultural affinity for robot toys are evident in nations like China and Japan, which are recognized for their engineering and robotics skill, and are likely influenced by their love in anime and entertainment. Due to the popularity of teaching tools, the accessibility of a wide range of goods at affordable prices, and the quick growth of the educational sector, the markets for autonomous robot toys in China and South Korea are both seeing significant growth.

 

 

Global Autonomous Robot Toys Market Competitive Landscape:

The presence of established firms and new competitors characterizes the competitive landscape of the Autonomous Robot Toys market. Major market players are investing in research and development to improve their autonomous robot toy offerings and acquire a competitive advantage. Collaborations and partnerships between manufacturers and technology providers are becoming increasingly common, with the goal of exploiting each other's capabilities and generating innovation. New startups are also entering the industry, providing disruptive technologies and innovative solutions. With rising demand for autonomous robot toys, the competitive landscape is projected to heat up, with an emphasis on product differentiation, price, and technological breakthroughs. Some of the prominent players in the market are,

  • MORAVIA,
  • Fischertechnik GmbH,
  • RoboThink Franchising Corporation,
  • Byrobot,
  • Robo Wunderkind,
  • ArcBiotics,
  • RAWrobotics,
  • Anki Cozmo Robot,
  • Petronics,
  • BLUE FROG ROBOTICS & BUDDY,
  • KUKA AG,
  • Mattel,
  • The LEGO Group,
  • Robotical Ltd.,
  • Parallax Inc.,
  • Dexter Industries,
  • HANSON ROBOTICS LTD.

 

Global Autonomous Robot Toys Market Recent Developments:

  • In November 2023, IRIS OHYAMA, Japan's premier lifestyle solutions provider, has joined forces with SoftBank Robotics, a global leader in AI robotics technology, and forged a strategic partnership with Syrius Technology, the foremost Chinese AMR (Autonomous Mobile Robot) brand. Together, they have unveiled a cutting-edge commercial cleaning robot resulting from their collaborative efforts, bringing forth Syrius Technology's AMR products and advanced robot software capabilities to enhance public service sector cleaning operations in the region. This joint initiative is geared towards delivering cleaning services that are not only more efficient and convenient but also environmentally friendly and of superior quality, catering to the diverse needs of the public.
  • In June 2023, MOV.AI has recently disclosed that Hikrobot, a worldwide provider of products and solutions specializing in machine vision and mobile robots, has successfully integrated the MOV.AI Robotics Engine Platform™ into its F4-1000 pallet mover. In a collaborative effort involving three parties, the autonomous pallet movement robots powered by MOV.AI from Hikrobot will be utilized by the BOWE GROUP, facilitating swift implementations for specific applications.

 

Global Autonomous Robot Toys Market Report

Global Autonomous Robot Toys Market Report Segmentation

ATTRIBUTE

DETAILS

By Type

  • Solar Powered
  • Battery Powered

By Application Type

  • Educational
  • Entertainment

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Electric Automotive Axle Market Size and Forecast:To identify and estimate the market size for the Global Autonomous Robot Toys market segmented by type, application, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers between 2020 and 2031.
  • Market Landscape and Trends:To identify and infer the drivers, restraints, opportunities, and challenges for the Global Autonomous Robot Toys market
  • Company Profiling: To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The Autonomous Robot Toys Market is expected to develop at a CAGR of 18.80% between 2022 and 2031.
The future market value of the Autonomous Robot Toys Market is expected to reach USD 23.89 Bn by 2031.
The major players in the Autonomous Robot Toys Market are MORAVIA, Fischertechnik GmbH, RoboThink Franchising Corporation, Byrobot, Robo Wunderkind, ArcBiotics, RAWrobotics, Anki Cozmo Robot, Petronics, BLUE FROG ROBOTICS & BUDDY, KUKA AG, Mattel, The LEGO Group, Robotical Ltd., Parallax Inc., Dexter Industries, and HANSON ROBOTICS LTD.
Market for autonomous robot toys was valued USD 6.28 Bn in 2023.
The anticipated time frame for the Autonomous Robot Toys Market forecast is 2023 -2031.