STEM Education In K-12 Market To Reach $131.98 Billion By 2030

STEM Education In K-12 Market Growth & Trends

The global STEM education in K-12 market size is expected to reach USD 131.98 billion by 2030, registering a CAGR of 14.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. A renewed emphasis on STEM-focused schools and the need for a pipeline of specialist STEM skills have reinforced market growth. The increased attention to STEM education will likely foster critical thinking, spatial reasoning, creativity, and problem-solving. Further, the prevalence of high-definition videos, interactive games, and skills training for kids will augur growth. The demand for high-quality learning experiences and investments in STEM literacy to prepare students for jobs and post-secondary STEM degrees will reshape the industry dynamics.

The STEM-supported pedagogic system has gained prominence among middle school students, mainly due to the trend for real-time formative assessment, online laboratory experiments, and gaming. STEM education is expected to underpin curiosity, prepare students to combat real-world issues, and equip them with solid technical know-how. Middle school STEM programs are poised to introduce learners to subjects and skills they need to succeed in high school, college, and careers. Students are also expected to gain soft skills, such as critical thinking, problem-solving, and innovation while doing activities and completing assignments. For instance, rubber band cars and toothpick bridges can help educators test middle school students' engineering and creativity skills.

The Asia Pacific is expected to account for a considerable share by 2030 due to bullish government policies and the adoption of advanced technologies. Well-established players, startups, and governments are slated to emphasize STEM curricula to foster cohesive learning based on real-life situations and real-world applications. Forward-looking companies could inject funds into organic and inorganic growth strategies to propel their footprint.

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STEM Education In K-12 Market Report Highlights

• The self-paced segment led the market accounting for a share of more than 69.0% in 2023. Self-paced programs offer students the flexibility to learn anywhere, anytime. This is especially suitable for students with busy schedules or those in remote locations

• The high school (9-12) segment held the largest revenue share in 2023. Governments, educational institutions, and private organizations are recognizing the importance of STEM education and investing in resources specifically for high school students. This includes funding for teacher training, curriculum development, and technology infrastructure to support engaging and effective STEM learning

• North America held the largest revenue share in 2023. The North American economy is heavily reliant on innovation and technological advancements. This translates to a growing demand for skilled professionals in STEM fields, putting pressure on educational systems to equip students with the necessary knowledge and abilities

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

List of Key Players of STEM Education In K-12 Market

• 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