Technology

STEM Toys Market to Grow by USD 8.09 Billion (2024-2028), Driven by Emphasis on STEM Education, with AI Driving Market Transformation – Technavio

Published

2 years ago

November 18, 2024

NEW YORK, Nov. 18, 2024 /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 8.09 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.89% 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., Dilly Dally Kids, Elation Edtech Pvt. Ltd., Elenco Electronics Inc., Evollve Inc., Fat Brain Toys LLC., Franckh Kosmos Verlags GmbH and Co. KG, Fun Express LLC, Funvention Learning Pvt. Ltd., GoldieBlox Inc., Hape International Inc., Hasbro Inc., Innovation First International Inc., Learning Resources Ltd., LEGO System AS, Makeblock Co. Ltd., Makey Makey LLC., Mattel Inc., MobilizAR Technologies Pvt. Ltd., MVW Holdings Inc., Nesta Toys, Piper Learning Inc., PlanToys.com, PlayMonster LLC, Ravensburger AG, Scientifics Direct Inc., SmartGurlz, Smartivity Labs Pvt. Ltd., SND Digital Retails LLP, Sphero Inc., Spin Master Corp., Thimble, Timbuk Toys, Tinkering Labs Inc., and Xinxiang Alpha Manufacturing Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (In-home and In-school), Age Group (9-10 years, 6-8 years, and 11-13 years), Subjects (Science, Engineering, Mathematics, and Technology), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

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

Key companies profiled

Building Blocks Learning Solutions Pvt. Ltd., Dilly Dally Kids, Elation Edtech Pvt. Ltd., Elenco Electronics Inc., Evollve Inc., Fat Brain Toys LLC., Franckh Kosmos Verlags GmbH and Co. KG, Fun Express LLC, Funvention Learning Pvt. Ltd., GoldieBlox Inc., Hape International Inc., Hasbro Inc., Innovation First International Inc., Learning Resources Ltd., LEGO System AS, Makeblock Co. Ltd., Makey Makey LLC., Mattel Inc., MobilizAR Technologies Pvt. Ltd., MVW Holdings Inc., Nesta Toys, Piper Learning Inc., PlanToys.com, PlayMonster LLC, Ravensburger AG, Scientifics Direct Inc., SmartGurlz, Smartivity Labs Pvt. Ltd., SND Digital Retails LLP, Sphero Inc., Spin Master Corp., Thimble, Timbuk Toys, Tinkering Labs Inc., and Xinxiang Alpha Manufacturing Ltd.

Key Market Trends Fueling Growth

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 toys focusing on engineering, mathematics, gravity, and educational curriculums. Supermarkets, hypermarkets, departmental stores, specialty stores, and online platforms are major distribution channels. Engineering and mathematics-based toys, educational robots, coding, and digital gaming are popular categories. Innovation and digital transformations are driving the market, with emerging players offering niche offerings. Geographic segmentation and analysis indicate strong growth in the offline segment, particularly in developed regions. The market’s ecosystem includes vendors, research data, and analyst support. The fragmented nature of the market calls for effective vendor management and business resilience. The outlook is positive, with short-term growth expected due to consumer interest in personalized learning and alternative products. Long-term growth will depend on the market players’ ability to adapt to changing consumer preferences and competition from digital replicators. Business expansions, acquisitions, and value chain optimization are key strategies for market success.

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 fostering critical thinking. Through AI and ML, toys can adapt to a child’s unique abilities and learning style, providing an interactive and exploratory environment. For instance, the Cubetto Playset is a coding toy that employs AI technology to deliver an adaptive learning experience. It uses ML algorithms to assess a child’s interactions and adjust the challenge level accordingly, ensuring an effective and engaging learning process.

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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. However, challenges persist in areas like sustainability, as many STEM toys contain non-renewable resources. Distributing these toys through supermarkets, hypermarkets, departmental stores, specialty stores, and online platforms requires effective vendor management and business resilience. Engineering and mathematics-focused toys, including those based on gravity and educational robots, coding, and digital gaming, offer niche opportunities. Geographic segmentation and analysis are crucial for market players looking to expand, with emerging players utilizing innovation and digital transformations to differentiate. Short-term growth is promising, with a mid- to long-term outlook based on personalized learning, fundamental thinking, experimentation, and exploration. Alternative products and educational benefits continue to drive consumer interest, making this an exciting ecosystem to watch. Analyst support and research data are essential for navigating this fragmented market and addressing problemsolving and logical reasoning needs. Business expansions, acquisitions, and value chain optimization are key strategies for market leaders.

The global STEM toys market faces a significant barrier to growth due to the high cost of these educational playthings. Advanced technology, premium materials, and extensive research used in creating STEM toys result in a higher price point. For instance, a robotics kit, enabling children to construct and program their robots, can cost between USD100 and several hundred dollars. This steep price can restrict market expansion and hinder the widespread adoption of STEM toys among a broader consumer base. The cost disparity is primarily due to the intricate components, sensors, and software included in these toys.

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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 America

1.1 In-home- The in-home STEM toy market is experiencing significant growth due to several factors. Firstly, the importance of early STEM education is increasingly recognized, leading to a higher demand for at-home learning resources. In-home STEM toys offer an accessible and enjoyable way for children to explore STEM concepts independently or with parental guidance. Secondly, these toys provide an alternative to screen-based entertainment, offering interactive experiences that stimulate creativity and problem-solving skills. The convenience of learning at home is also a major advantage, as it eliminates the need for external classes or programs. Popular in-home STEM toys, such as Snap Circuits Electronics Exploration Kit and Gravity Maze Marble Run, introduce fundamental STEM principles in a hands-on and engaging manner. These advantages 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, offer hands-on opportunities for problem-solving and logical reasoning, making a material impact on a child’s development. Supermarkets, hypermarkets, departmental stores, specialty stores, and online platforms are key distribution channels for STEM toys. Engineering and mathematics-focused toys, such as those based on gravity and educational curriculums, are popular categories. Innovation and digital transformations are driving the market, with emerging players offering niche offerings and acquisitions shaping the ecosystem. Geographic segmentation reveals that North America and Europe dominate the market, with Asia Pacific and Latin America showing promising growth. Research data indicates that the market is expected to expand further due to business expansions and vendor management strategies. The market for STEM toys is not just about toys; it’s about creating a sustainable ecosystem that fosters a love for learning and prepares the next generation for a complex and interconnected world.

Market Research Overview

The STEM toys market is experiencing significant growth due to urbanization and the increasing number of literate parents seeking unique learning experiences for their children. STEM toys, which include engineering and mathematics-focused toys that incorporate concepts such as gravity, educational curriculums, coding, and robotics, are gaining popularity for their material impact on problem-solving and logical reasoning skills. Supermarkets, hypermarkets, departmental stores, specialty stores, and online platforms are key distribution channels for STEM toys. Digital gaming, toy subscriptions, and one-day delivery services are also driving growth in the market. Innovation and digital transformations are key trends in the STEM toys industry, with emerging players offering niche offerings and market leaders implementing inorganic strategies through business expansions, acquisitions, and value chain optimization. The STEM toys market is fragmented, with geographic segmentation and geographic analysis playing a significant role in market outlook. Personalized learning, fundamental thinking, experimentation, and exploration are essential learning styles fostered by STEM toys. Alternative products, educational benefits, consumer interest, and resources are also significant factors influencing the market. Digital replicators, interactive experiences, vivid images, and instant feedback are key features that make STEM toys an essential part of the ecosystem. The bottom line for market players is effective vendor management, research data, and analyst support to stay competitive in the long term. The short-term outlook for the STEM toys market is positive, with steady YOY growth expected.

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 America

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

Technology

Agoda names five quieter corners of Asia to catch the snow this season

Published

41 minutes ago

November 7, 2026

SINGAPORE, Nov. 7, 2026 /PRNewswire/ — Winter is almost upon Asia, and with it the part of the calendar travelers look forward to: frozen lakes, steaming open-air baths, and towns that come fully alive once the snow settles. Winter trips are shifting away from the big-name resorts, where lift queues and lodging have both grown steeper, toward smaller places where the snow still feels like it belongs to the locals first. Digital travel platform Agoda spotlights five spots across Asia where travelers can take in the season’s sights, from fire festivals to frozen lakes.

Zao Onsen, Japan

Up in Yamagata, freezing wind and snow coat the conifers until they stand like hooded figures across the slopes — the juhyo (snow monsters). On winter evenings they’re lit from below, turning an ordinary ski field into something closer to a dream.

Taebaek, South Korea

Away from the Olympic crowds of Gangwon’s better-known towns, Taebaek hosts a late-January snow festival built around hand-carved snow and ice sculptures, sledding hills, and mountain trails that lead to some of Korea’s most reliable early-season powder.

Gulmarg, India

High in Kashmir, Gulmarg rides one of the world’s loftiest cable cars up into wide, lightly tracked bowls. Mornings bring tea sellers and the smell of woodsmoke; afternoons bring long, quiet descents that few travelers outside the subcontinent have discovered.

Kanas, China

Tucked into the far north of Xinjiang near the Altai Mountains, Kanas turns almost silent in winter: a long glacial lake freezes over, snow piles onto the roofs of the old Tuvan villages, and smoke curls from log cabins where families still see out the season in the traditional way.

Sapa, Vietnam

Sapa is proof that snow in Southeast Asia isn’t a myth. When cold air drops over the Hoàng Liên Son mountains, frost and the occasional dusting settle over the rice terraces, and the hill-tribe markets carry on trading in the mist, blankets and all.

“Winter in Asia has so much to offer travelers willing to look a little further afield,” said Jay Lee, Regional Director, North Asia at Agoda. “From a snowy mountain village to a warming soak in an outdoor onsen, these destinations offer different ways to enjoy the season and experience local life. With Agoda’s wide range of stays, travelers can find a base that suits their budget and make a winter escape their own.”

With over 6 million properties, more than 130,000 flight routes and a wide range of activities to choose from, travelers can discover and plan their next winter escape on Agoda.com or the Agoda app.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/agoda-names-five-quieter-corners-of-asia-to-catch-the-snow-this-season-302931814.html

SOURCE Agoda

Technology

Datavault AI Founder Nathaniel Bradley Sues Board

Published

3 hours ago

November 7, 2026

WILMINGTON, Del., Nov. 6, 2026 /PRNewswire/ — Lawsuit Alleges Chairman and CFO Brett Moyer Engineered a Weekend Lockout While Keeping a $90–$100 Million Financing Offer From Independent Directors

Datavault AI Founder Nathaniel Bradley Sues Board

Nathaniel Bradley, the founder whose technology became Nasdaq-listed Datavault AI Inc. (NASDAQ: DVLT), today filed a lawsuit in the Delaware Court of Chancery asking the court to declare his contested ouster as CEO void and restore him to office. The complaint alleges that Board Chairman and CFO Brett Moyer “suspended” Bradley without a Board vote, cut off his email, and then rushed through a defective Sunday meeting, all while a $90–$100 million financing lifeline sat on the table.

On October 30, two days after Bradley asked the Board to consider removing Moyer as CFO, Moyer “suspended” Bradley on his own perceived authority. According to the complaint, no Board meeting was held and no written consent was circulated. This was done despite Datavault’s own Bylaws, which give only the full Board the power to remove officers.

The lawsuit further alleges that Moyer and certain unnamed directors shut Bradley out one day after he brought the company a $90–$100 million funding offer that could have substantially improved its financial position. Rather than present the offer, Moyer “suppressed, withheld and concealed” it from the company’s independent directors.

Last night, Bradley released the following statement:

“While I remain confident in Datavault AI’s technology, product offerings, and patent-protected innovations, I strongly dispute the legal validity of the Board’s decision to remove me as President and Chief Executive Officer.

“During my tenure, we increased revenue by more than 1,300% in my first year, alongside record trading volumes, and built the foundation for continued growth. We assembled a portfolio of more than

100 patents and pending applications, including newly issued U.S. patents in data valuation, tokenization, and wireless audio. We launched the Information Data Exchange, NIL Vault, and American Political Exchange, and signed licensing and tokenization agreements that bring real-world assets, from carbon credits to gold, copper, and geothermal energy, onto our platforms. We also completed strategic acquisitions, including API Media Innovations, that expanded our reach into digital twins, sports, and live events. We broadened our strategic partnership network, including with IBM,

ServiceNow, and the Department of Energy, and recruited industry-leading talent to the Datavault cause.

“Innovators are often targeted, and I intend to protect my rights and the interests of the Company and its shareholders. I believe the Board’s action jeopardizes the Company’s ability to realize its full potential.”

Jacob Frenkel, Bradley’s lead counsel and a former SEC enforcement lawyer and federal prosecutor, said:

“The company’s groundbreaking and cutting-edge technologies are a function of Mr. Bradley’s brilliance and vision. As a corporate leader, Mr. Bradley has a long-standing commitment to best practices in corporate governance.”

Mr. Bradley puts his investors first. When you’re out building and innovating and those you think you can trust decide to stage a corporate coup, the only place for relief is in court. Mr. Bradley will continue to fight for the shareholders and against those who put their own interests ahead of the company’s stakeholders.”

Read the full complaint here.

About Nathaniel Bradley:

Nathaniel Bradley is an inventor and technology executive who holds more than 70 patents. He founded and invented AudioEye, founded Intellectual Property Network Inc., and served as CTO of Marathon Patent Group (now Marathon Digital Holdings). In 2021, he founded Data Vault Holdings, whose assets were acquired in December 2024 by WiSA Technologies, the company that became Datavault AI. As CEO, he led the company through partnerships with IBM, Dolby Laboratories, and NYIAX, as well as the acquisition of CompuSystems assets.

View original content:https://www.prnewswire.com/news-releases/datavault-ai-founder-nathaniel-bradley-sues-board-302932495.html

SOURCE Datavault AI Inc

Technology

County of Sussex, New Jersey Notice of Data Privacy Incident

Published

3 hours ago

November 7, 2026

NEWTON, N.J., Nov. 6, 2026 /PRNewswire/ — Sussex County Prosecutor’s Office (SCPO) experienced a data privacy event that involved personal information.

On or about August 10, 2026, SCPO received alerts of a disruption to its computer network. Upon this identification, it launched an immediate investigation and engaged outside cybersecurity specialists to assist. The investigation determined that someone accessed its network without authorization between July 15, 2026, and July 22, 2026, and that certain files containing personal information were accessed and may have been taken. That information includes people’s first and last name, Social Security number, and driver’s license or State-issued identification card number. The SCPO has reported the incident to state and federal law enforcement, the New Jersey Cybersecurity and Communications Integration Cell (NJCCIC), and the Office of Attorney General. For more information on this incident, people may contact the call center at (888) 269-1448, Monday through Friday, 9:00 a.m. to 9:00 p.m. EST for further assistance.

Lauren Stinger, Esq.
Lauren.stinger@kennedyslaw.com
Associate Counsel

View original content:https://www.prnewswire.com/news-releases/county-of-sussex-new-jersey-notice-of-data-privacy-incident-302932369.html

SOURCE Kennedys CMK LLP