India Technical And Vocational Education Market Size & Outlook
India technical and vocational education market, 2018-2030 (US$M)
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India technical and vocational education market highlights
- The India technical and vocational education market generated a revenue of USD 48,331.1 million in 2023 and is expected to reach USD 116,521.2 million by 2030.
- The India market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, stem was the largest revenue generating course type in 2023.
- STEM is the most lucrative course type segment registering the fastest growth during the forecast period.
Technical and vocational education market data book summary
| Market revenue in 2023 | USD 48,331.1 million |
| Market revenue in 2030 | USD 116,521.2 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
Other key industry trends
- In terms of revenue, India accounted for 6.5% of the global technical and vocational education market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 116,521.2 million by 2030.
Stem was the largest segment with a revenue share of 85.36% in 2024. Horizon Databook has segmented the India technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
India has a large and growing young population, which creates a significant demand for vocational training for the skills needed for employment in various sectors. Thus, several companies are launching education programs in the country.
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.
The program is designed to improve educational infrastructure, offer hands-on learning experiences for students in Himatnagar, and empower economically challenged students. It will assist over 850 students from 1st to 8th grade, spread across four schools.
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Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
| Name | Profile | # Employees | HQ | Website |
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India technical and vocational education market size, by course type, 2018-2030 (US$M)
India Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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