The North America STEM Education In K-12 Market would witness market growth of 12.4% CAGR during the forecast period (2022-2028).
Manual jobs are disappearing continuously because of automation. Automation has also resulted in the need for a skilled workforce who are capable of dealing with advanced technologies. These continued technological advances have also resulted in changing the method by which students used to learn and interact in their daily lives. STEM education provides students with a foundation & skill development that make them capable of working as a professional after schooling.
Various companies are nowadays hiring candidates who are STEM qualified and have highly developed skills. Most of the jobs in different industries currently require STEM skills. Moreover, the STEM education system is considered efficient in developing students' understanding of core subjects (mathematics, technological education, and science). STEM education involves concepts and processes with core subjects to be used for figuring out a solution to real-world issues.
For example, engineering innovations & design raise the need for students to apply the principles of technology & science to design a sustainable and cost-effective solution for complex technical issues. Some of the topics that could be learned under the STEM education system include coding, design thinking, innovating, and computational thinking. Employer companies highly demand these skills due to continue occurring advances in technology.
The United States Department of Education, on Oct 12, 2022, launched an initiative named "YOU Belong in STEM." This initiative accelerates the adoption of the STEM education system to be implemented for all young learners from Pre-K to high school (K-12). By the launch of "You Belong in STEM," the government would help district schools to redesign learning spaces and systems with the aim of making sure the availability of well-rounded education systems is required for students.
The US market dominated the North America STEM Education In K-12 Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $27,737.5 million by 2028. The Canada market is poised to grow at a CAGR of 14.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.9% during (2022 - 2028).
Based on Type, the market is segmented into Self-Paced and Instructor-led. Based on Application, the market is segmented into High School (9-12), Middle School (6-8), and Elementary School (K-5). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global STEM Education In K-12 Market is Estimated to reach $86.7 Billion by 2028, at a CAGR of 13%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stride, Inc., edX, Inc. (2U, Inc.), BYJU'S, Hurix Systems Pvt. Ltd., STEM Learning Ltd., MEL Science, STEMI d.o.o., STEMROBOTM Technologies Pvt Ltd., Edutech, and StemLabs Education.
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