South Korea Technical And Vocational Education Market Size & Outlook
South Korea technical and vocational education market, 2018-2030 (US$M)
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South Korea technical and vocational education market highlights
- The South Korea technical and vocational education market generated a revenue of USD 12,536.8 million in 2023 and is expected to reach USD 28,005.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.2% 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 12,536.8 million |
| Market revenue in 2030 | USD 28,005.1 million |
| Growth rate | 12.2% (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, South Korea accounted for 1.7% 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 83.46% in 2024. Horizon Databook has segmented the South Korea technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
The expansion of South Korea's tech sector, including IT, robotics, and manufacturing, prompts the need for a skilled workforce in these areas. South Korea aims to enhance its global competitiveness by producing highly skilled professionals in various technical fields.
In addition, technological advancements and industry-specific needs drive the demand for skilled workers, encouraging the development of specialized training programs. Furthermore, the South Korean government has invested heavily in vocational training programs to address skills gaps and support economic development.
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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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South Korea technical and vocational education market size, by course type, 2018-2030 (US$M)
South Korea Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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