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Science, Technology, Engineering, And Mathematics (STEM Toys Market to Grow by USD 6.72 Billion (2025-2029), Rising Emphasis on STEM Education Boosts Growth, with AI Driving Market Transformation – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global science, technology, engineering, and mathematics (STEM) toys market size is estimated to grow by USD 6.72 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 7.6% during the forecast period. Growing emphasis on stem education is driving market growth, with a trend towards integration of artificial intelligence (AI) and machine learning (ML) technologies in stem toys. However, high cost of stem toys poses a challenge. Key market players include Building Blocks Learning Solutions Pvt. Ltd., Fat Brain Toys LLC, Franckh Kosmos Verlags GmbH and Co. KG, Fun Express LLC, Funvention Learning Pvt. Ltd., GoldieBlox Inc., Innovation First International Inc., Learning Resources Ltd., LEGO System AS, Makeblock Co. Ltd., Makey Makey LLC., Mattel Inc., MVW Holdings Inc., Ozo EDU Inc., Piper Learning Inc., Scientifics Direct Inc., Smartivity Labs Pvt. Ltd., Sphero Inc., Spin Master Corp., Thimble, Tinkering Labs Inc., and Xinxiang Alpha Manufacturing Ltd..

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Science, Technology, Engineering, And Mathematics (STEM) Toys Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.6%

Market growth 2025-2029

USD 6719.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.1

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, Germany, and India

Key companies profiled

Building Blocks Learning Solutions Pvt. Ltd., Fat Brain Toys LLC, Franckh Kosmos Verlags GmbH and Co. KG, Fun Express LLC, Funvention Learning Pvt. Ltd., GoldieBlox Inc., Innovation First International Inc., Learning Resources Ltd., LEGO System AS, Makeblock Co. Ltd., Makey Makey LLC., Mattel Inc., MVW Holdings Inc., Ozo EDU Inc., Piper Learning Inc., Scientifics Direct Inc., Smartivity Labs Pvt. Ltd., Sphero Inc., Spin Master Corp., Thimble, Tinkering Labs Inc., and Xinxiang Alpha Manufacturing Ltd.

Market Driver

The STEM toys market is experiencing significant growth due to urbanization and literate parents seeking unique learning experiences for their children. Sustainability is a key trend, with an increasing focus on engineering and mathematics toys that teach problemsolving and logical reasoning. Supermarkets, hypermarkets, departmental stores, specialty stores, and online platforms are major distribution channels. Engineering and mathematics toys, including those based on gravity, coding, and educational robots, are popular. Digital gaming, toy subscriptions, and one-day delivery are driving innovation in the online segment. The offline segment remains strong, but digital transformations are impacting the value chain. Emerging players offer niche offerings, while market leaders employ inorganic strategies. The market’s fragmented nature and geographic segmentation require careful analysis. The outlook is positive, with personalized learning, fundamental thinking, experimentation, and exploration driving growth. Consumer interest in educational benefits and resources, as well as alternative products, is material. Vendors must provide interactive experiences, vivid images, and instant feedback to stay competitive. Business resilience and bottom-line management are essential for success. Analyst support and research data are vital for informed business expansions and acquisitions. 

The STEM toys market has been significantly transformed by the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies. These advanced technologies enrich the educational value of STEM toys by offering personalized learning experiences and encouraging critical thinking. Through AI and ML, toys can adapt to a child’s unique abilities and learning style, expanding possibilities for experimentation and exploration. For instance, the Cubetto Playset is a coding toy that utilizes AI technology to provide customized learning experiences. It employs ML algorithms to analyze a child’s interactions and adjust the challenge level accordingly. 

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Market Challenges

The STEM toys market is experiencing significant growth due to urbanization and literate parents seeking unique learning experiences for their children. This market includes toys related to science, technology, engineering, and mathematics. Challenges include sustainability in production and distribution, adapting to educational curriculums, and catering to niche offerings in engineering and mathematics. Supermarkets, hypermarkets, departmental stores, specialty stores, and online platforms are key distribution channels. STEM education focuses on problem-solving and logical reasoning, with emerging players offering educational robots, coding, and digital gaming. Toy subscriptions and one-day delivery are popular trends. The offline and online segments require different strategies for vendor management and business expansions. Geographic segmentation and analysis are crucial for market players, with innovation and digital transformations driving growth. Inorganic strategies like acquisitions and value chain optimization are common. The fragmented nature of the market presents opportunities for alternative products and personalized learning. Consumer interest in educational benefits and interactive experiences, along with resources like digital replicators and vivid images, are essential. The bottom line for businesses is effective research data analysis, business resilience, and effective toy distribution.The global STEM toys market faces a significant obstacle due to the high cost of these educational products. Advanced technology, quality materials, and extensive research used in creating STEM toys result in a premium price. For instance, a robotics kit that enables children to construct and program their robots can cost anywhere from USD100 to several hundred dollars. This high price tag may limit the market size and hinder the widespread adoption of STEM toys, making them less accessible to certain consumers. The complexity and features of these toys contribute to their cost, which can be a barrier for some potential buyers.

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Segment Overview

This science, technology, engineering, and mathematics (stem) toys market report extensively covers market segmentation by

Application 1.1 In-home1.2 In-schoolAge Group2.1 9-10 years2.2 6-8 years2.3 11-13 yearsSubjects 3.1 Science3.2 Engineering3.3 Mathematics3.4 TechnologyGeography 4.1 APAC4.2 North America4.3 Europe4.4 Middle East and Africa4.5 South AmericaType

1.1 In-home- The in-home STEM toy market is experiencing significant growth due to the increasing importance of early STEM education and the need for educational entertainment at home. Parents and caregivers are recognizing the value of introducing STEM concepts to children at an early age, making in-home STEM toys an accessible and engaging solution. These toys offer a balance between fun and learning, providing interactive experiences, challenges, and experiments that stimulate children’s curiosity while keeping them entertained in a screen-free environment. In home STEM toys are convenient and flexible, allowing families to learn at their own pace and convenience. For instance, the Snap Circuits Electronics Exploration Kit and Gravity Maze Marble Run are popular in-home STEM toys that introduce children to fundamental STEM concepts through hands-on activities. The advantages of in-home STEM toys, such as fostering critical thinking, problem-solving, and creativity, are expected to drive the growth of the in-home segment in the STEM toy market during the forecast period.

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Research Analysis

The STEM toys market is experiencing significant growth due to the increasing urbanization and the rising number of literate parents who recognize the importance of unique learning experiences for their children. These toys, which focus on Science, Technology, Engineering, and Mathematics, provide opportunities for children to develop essential skills such as problem-solving and logical reasoning. Sustainability is also a key consideration in the market, with many STEM toys being made from eco-friendly materials. STEM toys can be found in various retail channels, including supermarkets, hypermarkets, departmental stores, and specialty stores. Engineering and mathematics-focused toys often incorporate principles of gravity and other scientific concepts, while educational curriculums and STEM education programs increasingly integrate these toys into their offerings. The STEM toys ecosystem is constantly evolving, with innovation and digital transformations driving business expansions and acquisitions. Emerging players and niche offerings continue to enter the market, requiring effective vendor management and research data analysis to stay competitive. Geographic segmentation and geographic analysis are essential for understanding market trends and opportunities in different regions.

Market Research Overview

The STEM toys market is experiencing significant growth due to urbanization and the increasing number of literate parents seeking unique learning opportunities for their children. These toys, which focus on science, technology, engineering, mathematics, and related fields, offer benefits such as problem-solving, logical reasoning, and fundamental thinking. The market includes various distribution channels, including supermarkets, hypermarkets, departmental stores, specialty stores, and online platforms. Engineering and mathematics toys, which often incorporate concepts like gravity and educational curriculums, are popular. Emerging trends include educational robots, coding, and toy subscriptions. Digital gaming and online distribution are also driving growth, with one-day delivery and offline segments also playing a role. The market is fragmented, with innovation and digital transformations key drivers. Geographic segmentation and geographic analysis are essential for understanding market trends and opportunities. The outlook for the market is positive, with short-term growth expected due to consumer interest and long-term growth due to business resilience and bottom-line management strategies. Vendor management and research data are crucial for market players looking to expand through acquisitions and value chain optimization. Alternative products and personalized learning are also important considerations, as is the impact of digital replicators and interactive experiences on consumer preferences.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationIn-homeIn-schoolAge Group9-10 Years6-8 Years11-13 YearsSubjectsScienceEngineeringMathematicsTechnologyGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth AmericaType

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Bloomberg Introduces Spread-to-Benchmark Quoting for EUR and GBP Portfolio Trading Baskets

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LONDON, June 2, 2026 /PRNewswire/ — Bloomberg today announced the launch of Spread-to-Benchmark quoting and trading for Euro (EUR) and Sterling (GBP) denominated portfolio trades through its Portfolio Trading Basket Builder (PTBB). The new functionality expands the range of quoting protocols available for European credit portfolio trading and reflects growing client demand for spread-based execution workflows, alongside increased dealer support for the convention across EUR and GBP markets.

Spread-to-Benchmark quoting is a well-established protocol for USD credit portfolio trades and is used by market participants to evaluate and execute portfolio trades. By extending this workflow to EUR and GBP portfolio trades, Bloomberg enables clients and dealers to transact using a familiar spread-based methodology across additional credit markets. 

The introduction of Spread-to-Benchmark quoting for EUR and GBP baskets reflects increased client interest in evaluating portfolio trades through a spread-based lens and the growing adoption of spread-based execution workflows in European credit markets. The workflow provides market participants with an additional framework for assessing the relationship between credit spread risk and underlying government bond yields when pricing and executing portfolio trades. 

Additional Workflow Flexibility 
The workflow complements Bloomberg’s existing portfolio trading capabilities, which support the full range of market-standard quoting conventions, including Price, Yield, Spread-to-Benchmark and Spread based workflows that reference Bloomberg’s evaluated pricing service (BVAL). This gives clients flexibility to compare and execute portfolio trades using the quoting methodology that best aligns with their investment objectives, execution preferences and internal risk management processes. 

“European credit clients continue to look for execution workflows that reflect how they evaluate risk and monitor portfolio trading outcomes,” said Harry Street, Global Head of Credit and Equities Trading Product at Bloomberg. “By expanding dealer support for Spread-to-Benchmark quoting for EUR and GBP baskets, Bloomberg is broadening the range of workflow options available to clients trading European credit portfolios.” 

“Portfolio trading workflows in fixed income continue to become more sophisticated as institutional investors look for ways to evaluate execution quality in changing market conditions,” said Kevin McPartland, Head of Market Structure & Technology Research at Crisil Coalition Greenwich. “Spread-based quoting helps market participants more clearly distinguish between the impacts of credit spread and underlying rates movements when determining how best to execute a portfolio trade.” 

Bloomberg’s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 800 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg L.P.

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Dr. Sunho Kang, a senior battery-technology executive with leadership experience at major global battery and EV manufacturers, joins TeraWatt Technology as Head of Product and Technology

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SAN FRANCISCO, June 2, 2026 /PRNewswire/ — TeraWatt Technology Inc. (Headquartered in California, USA) is pleased to announce that Dr. Sunho Kang has joined the company as Head of Product and Technology.

Dr. Kang is a globally recognized battery-technology executive with more than 25 years of leadership experience spanning the United States, Asia, and Europe, and a distinguished track record of advancing innovations from laboratory research through gigafactory-scale production. He has held senior executive positions at world-leading organizations including Samsung SDI, Apple, and Volkswagen Group of America, and brings deep expertise in lithium-ion battery materials, cell engineering, and product industrialization across a broad range of applications, including electric vehicles and energy storage systems.

At TeraWatt, Dr. Kang will lead global product development and the commercialization of TeraWatt’s battery technology platform, aiming to accelerate the delivery of TeraWatt’s competitive products as well as the technology and commercialization roadmap including manufacturing scale-up.

Dr. Kang commented:

“I am thrilled to join TeraWatt Technology as Head of Product and Technology. TeraWatt’s innovative battery platform presents a tremendous opportunity to push the boundaries of lithium-ion technology, and I look forward to working with the team to accelerate product development and commercialization to deliver meaningful impact.”

TeraWatt Technology founder CEO Ken Ogata, Ph.D. commented:

“We are thrilled to welcome Dr. Kang as our Head of Product and Technology. His deep expertise in battery materials, cell engineering, and productization will be instrumental in accelerating TeraWatt’s product roadmap and technology leadership. Together with Dr. Kang, we will continue to drive our mission forward.”

About TeraWatt Technology Inc.
TeraWatt Technology Inc. is a California-based company that produces lightweight, high-power, and safe next-generation lithium-ion batteries.

Company Overview
Name: TeraWatt Technology Inc.
Representative: Co-founder and CEO Ken Ogata
Headquarters: 28 Geary St, Suite 650, San Francisco, CA 94108, United States
Founded: January 2020
Established: December 2019
URL: https://www.terawatt-technology.com/

 

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SOURCE TeraWatt Technology Inc.

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Tencent Cloud and Soniox Announce Strategic Partnership: Combining Advanced Speech-to-Text (STT) Technology with Global Real-Time Infrastructure

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HONG KONG, June 2, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced a strategic partnership with Soniox, a San Francisco-based speech AI company that specializes in developing high-accuracy, low-latency speech AI solutions. The collaboration integrates Soniox’s speech-to-text (STT) technology with Tencent Cloud’s Real-Time Communication (TRTC) enterprise-grade global infrastructure, enabling enterprises to build and deploy multilingual voice AI applications across 200+ countries and regions.

Elevating Enterprise Voice AI at a Global Scale

In enterprise voice AI deployments, latency directly affects user experience and application reliability. The integration of Soniox’s high-accuracy, low-latency STT with TRTC’s global transmission infrastructure reduces latency across the entire pipeline, creating a comprehensive end-to-end solution for enterprises deploying conversational AI applications worldwide.    

Soniox is the voice platform for every language. Unlike legacy speech AI, which was built primarily for English-speakers, Soniox delivers native-speaker accuracy across 60+ languages. Its technology can handle mid-sentence language switching — a user can switch between English and Chinese in a single utterance, and Soniox will capture every word with complete accuracy. All of this works through a single API that works for both speech-to-text and text-to-speech.

By integrating TRTC, the partnership leverages an enterprise-grade real-time communication backbone featuring more than 3,200 global nodes, sub-300 ms worldwide latency, and advanced capabilities such as AI noise suppression and weak-network resilience. These capabilities enable conversational AI applications to operate reliably across diverse network environments, including regions such as Southeast Asia and Africa.

With the roll out of this partnership, developers can integrate the Soniox STT API directly within the Tencent Cloud console. Whether targeting English-speaking markets or supporting languages such as Arabic, Hindi, and Malay, enterprises can build global voice applications — including intelligent customer service, voice assistants, real-time translation, and meeting transcription — to address the demands of expansion into emerging markets and multilingual scenarios.

Wison Xie, Head of Product at Tencent RTC, stated: “Tencent RTC has always been committed to providing reliable real-time communication infrastructure for global enterprises. Our partnership with Soniox brings together our strengths in enterprise-grade audio transmission and Soniox’s advanced speech recognition technology. Together, we are making it easier for businesses to deploy accurate, low-latency voice AI applications across any language and any market.”

Klemen Simonic, CEO at Soniox Inc., stated “At Soniox, our mission is to help businesses understand every word, in any language, with native speaker accuracy and exceptional speed. Partnering with Tencent Cloud combines our speech AI with world-class real-time infrastructure, enabling enterprises to build voice AI experiences that scale globally with low latency and reliability.”

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Tencent RTC:

Tencent RTC provides real-time communication solutions, including audio/video calling, live streaming, and in-game voice. With enterprise-grade security, AI-powered enhancements, and a global network of over 3,200 nodes, Tencent RTC powers mission-critical communication for customers worldwide.

About Soniox:

Soniox is a next-generation voice AI company bringing about the end of English-first speech AI. Most people on the planet did not grow up speaking English and often mix languages mid-sentence; and yet legacy speech AI was built for just English. Soniox is different: native-speaker accuracy across 60+ languages, true mid-sentence language switching, and flawless alphanumeric recognition that legacy providers still can’t match. For developers building global apps, Soniox is the only option. Try it for yourself at soniox.com.

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SOURCE Tencent Cloud

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