STEM Education In K-12 Industry Overview
The global STEM education in K-12 market size was estimated at USD 51.76 billion in 2023 and is projected to grow at a CAGR of 14.0% from 2024 to 2030. An unprecedented spike in high-tech occupations and the need for innovations and critical thinking have expedited the trend for science, technology, engineering, and mathematics (STEM) education. Advanced technologies, such as artificial intelligence (AI) and quantum computing, could reinforce the STEM education system to propel innovation-based competitiveness. STEM, the foundation for technological advancements and discovery, could bolster creativity and ingenuity. STEM learning during the K 12 years is expected to expedite experimentation, build resilience, boost science literacy, foster teamwork, and drive tech use, helping produce the next generation of innovators.
Gather more insights about the market drivers, restrains and growth of the STEM Education In K-12 Market
STEM education focuses on programs to help learners gain skills and knowledge to excel in the job market. It inspires and motivates students to generate new ideas and promotes problem-solving and project-based learning. Education leaders are expected to expose children at preschool and kindergarten to subjects once perceived as higher level, including science, programming, math, engineering, and languages. Integrating STEM concepts through a K-12 education could have an invaluable influence on the talent pool, requiring advanced knowledge and skills to stay competitive in the digitally disruptive world. STEM education is poised to hold prominence in helping students explore machine learning, AI, and IoT. STEM pedagogy at the K-12 level will remain instrumental in creating a solid foundation for academic growth, fostering positive attitudes, and preparing children for jobs.
The emergence of advanced educational technologies (EdTech) is making STEM education more engaging and accessible for students. These technologies include online learning platforms, simulations, virtual reality experiences, and robotics. EdTech can personalize learning experiences and cater to various learning styles, making STEM education more inclusive. Various governments in developing countries recognize the importance of STEM education and are increasing their investment in STEM programs. This funding is used to develop new curriculum materials, train teachers, and provide professional development opportunities.
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STEM Education In K-12 Market Segmentation
Grand View Research has segmented the global STEM education in K-12 market based on type, application, and region:
STEM Education In K-12 Type Outlook (Revenue, USD Million, 2017 - 2030)
- Self-paced
- Instructor-led
STEM Education In K-12 Application Outlook (Revenue, USD Million, 2017 - 2030)
- Elementary School (K-5)
- Middle School (6-8)
- High School (9-12)
STEM Education In K-12 Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- UAE
- KSA
- South Africa
Key Companies profiled:
- Activate Learning
- Amplify Education, Inc.
- Bedford, Freeman & Worth Publishing Group, LLC
- Carolina Biological Supply Company
- Cengage Learning
- Discovery Education
- EduCo International
- Houghton Mifflin Harcourt
- Kendall Hunt Publishing Company
- Lab-Aids
- McGraw Hill
- OpenSciEd
- PASCO Scientific
- Savvas Learning
- School Specialty, LLC
Key STEM Education In K-12 Company Insights
Key players have strengthened their market presence through a strategic mix of product launches, expansions, mergers & acquisitions, contracts, partnerships, and collaborations. These initiatives serve as vital tools for enhancing market penetration and strengthening their competitive edge within the industry. For instance, in October 2023, BlackBerry Limited, an IoT and cybersecurity software company, partnered with D2L Inc., a learning technology firm, to enhance STEM education for K-12 students in North America. BlackBerry Limited and D2L Inc. selected Actua, a nationwide STEM outreach group, for their initial investment. Actua stands at the forefront of science, technology, engineering, and mathematics (STEM) outreach in Canada, distinguished by its exceptional impact measurement, comprehensive programming, and widespread delivery and partnership networks across the country.
Recent Developments
- In March 2024, Bayer India, a pharmaceutical and biotechnology company, partnered with BharatCares, a non-profit social impact organization, to launch the Better School Program for Adpodra Group Government Primary School in Himatnagar, Gujarat, India. Designed to improve educational infrastructure and offer hands-on learning experiences for students in Himatnagar, the 'Better School Program' targets giving economically challenged students a major educational boost. It will assist over 850 students from 1st to 8th grade, spread across four schools
- In October 2023, Savvas Learning, a STEM education learning solutions provider, partnered with Brainingcamp, LLC, an e-learning platform provider, to offer digital tools that are easy to use, enhancing the visual and interactive learning experience in mathematics, thereby helping students gain a profound comprehension of mathematical principles
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