Feb 7, 2019   SOURCE: BusinessWire

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

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.

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.

Key Players

  • Hasbro
  • Learning Resources
  • LEGO Group
  • Mattel
  • Spin Master

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining 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 CHANNEL

  • Comparison 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 LANDSCAPE

  • Geographic 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 TRENDS

  • Introduction of subscription services for STEM toys
  • Growing popularity of coding robot toys
  • Rising application of AI in STEM toys

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors 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