STEM Education In K-12 Market Size, Share & Trends Analysis Report By Type (Self-Paced, Instructor-led), By Application (Elementary School, Middle School, High School), And Segment Forecasts, 2022 - 2030

Report Overview

The global STEM education in K-12 market size was valued at USD 37.84 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 14.6% from 2022 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. State-of-the-art technologies, such as artificial intelligence (AI) and quantum computing, could reinforce the STEM education system to propel innovation-based competitiveness. With STEM being the foundation for technological advancements and discovery, it could be instrumental in bolstering 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. For instance, in September 2022, India established its STEM India Foundation to assist teachers in helping students become innovative, creative thinkers in the four STEM fields of science, technology, engineering, and mathematics.

STEM education focuses on programs to help learners gain skills and knowledge to excel in the 21st-century 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. Integration of 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, enthusing positive attitudes, and preparing children for jobs. For instance, in May 2021, STEMROBO Technologies Pvt Ltd, an education technology company, launched its worldwide online learning platform called Tinker Learning. The platform offers K-12 students relevant and engaging learning solutions in STEM, robotics, experiential learning, artificial intelligence, and IoT. The platform was created to foster students "out of the box" logical thinking and develop vital 21st-century abilities. In just 15 days after its start, it had registered more than 50,000 subscribers with the help of more than 200 mentors.

The havoc wrecked by the COVID-19 pandemic reshaped STEM education as governments and other stakeholders across the U.S. encouraged virtual field trips, virtual mentoring, and online labs. The use of websites witnessed a notable spike. The United Nations Educational, Scientific, and Cultural Organization (UNESCO) said that because of the COVID-19 epidemic, educational institutions have been giving more than 70% of their lessons and exams via various online and virtual platforms. According to the U.S. Office of Science and Technology Policy report, the NASA Kids Club websites amassed more than 50,000 page views in mid-March 2020, witnessing a staggering 316% surge compared to the preceding month.

An exponential rise in virtual engagements augured growth for the K-12 market. The pandemic propelled tailwinds as children sought education learning during the lockdown period. The World Economic Forum stated that learning STEM online during the pandemic helped students retain 25-60% more information than in a classroom, where retention is approximately 8-10%. There was an increase in STEM education as students could study at their own pace by going back and re-reading, skipping, or moving quickly through concepts they like. In 2020, NASA collaborated with Discovery Education to bolster digital access to STEM opportunities and resources. The program reportedly included the development of playlists leveraging high-profile missions and interactions with NASA scientists and engineers to teach classroom topics.

Application Insights

The high school segment led the market in 2021, accounting for over 45% share of the global revenue. The high share can be attributed to the expanding penetration of online education. Educators and other stakeholders are investing in STEM education for high school students. For instance, in September 2022, CERN and Solvay announced the rollout of the three-year STEM education program, including onsite and remote learning for high school students. STEM education will hold prominence in training and motivating future scientists and engineers. A notable uptick in digital literacy and growing footfall of analytics, AI, and innovations could challenge schools to keep the curriculum up-to-date and relevant. Moreover, industry players are likely to harness emerging technologies and innovations to bolster learning and teaching, help teachers assess learners' performance across STEM, and help develop academic innovations.

STEM has garnered massive attention among the elementary education system's instructors, teachers, and government agencies. It is slated to foster critical thinking and solve problems and expedite the adoption of virtual tools and state-of-the-art technology. Elementary schools will likely incorporate STEM into the curricula to help students develop their science and technology skills. With STEM elementary schools gradually gaining prominence, traction for coding, sensors, robotics, engineering basics, applied math, and other subjects could add a fillip to the market growth. K-5 STEM will further receive impetus, with educators seeking resources online to foster problem-solving and hands-on learning opportunities

Type Insights

The self-paced segment led the market in 2021, accounting for over 70% share of the global revenue. The high share can be attributed to individualized learning, which has received impetus as it allows students to learn at their pace, controlling how and when they know. Self-learning online platforms, such as Khan Academy, FutureLearn, and Pearson, and community platforms, including STEM chats and K12 by Stride, have flourished globally. Prominently, built-in assessment and engagement tools have witnessed tremendous traction among K-12 students as the former provides real-time assessments. At the same time, the latter keeps learners interested through videos, photos, and interactive lessons. For instance, in September 2022, the U.S. Department of State launched STEM innovations and Global Competence, an online self-paced course for students in the U.S. The course focuses on the combination of global competence and STEM subjects. It offers a five-hour massive open online course (MOOC), testimonials from teachers across U.S., practical classroom tools and techniques, videos, and lesson plans across various grade levels. Further, students who complete the course will be awarded a badge and certificate from the U.S. Department of State, designating five hours of independent professional learning.

Self-paced learning has amassed popularity in elementary and primary grades. Teachers and instructors must keep videos short and count on pictorial symbols and color coding. Instructional videos with embedded questions will play a pivotal role in keeping students engaged. Besides, self-paced learning will help students develop and boost proficiency in academic concepts. Educators are poised to reinforce individualized learning activities with effective pedagogy and expand applications for classrooms. For instance, 3D printing has received an impetus to bolster problem-solving strategies for learners. Furthermore, immersive technologies, such as virtual reality and gaming, could reshape self-paced STEM education for K-12 students.

The instructor-led segment is predicted to foresee significant growth in the forecast years. The instructor-led learning defines the instruction provided by one or more instructors in the form of lectures, presentations, demonstrations, and conversations. Although one-on-one instruction is less common and generally more expensive, the instructor typically addresses groups. During the instructor-led training, a large group is addressed at once, and various tactics are used, including games, exercises, and role-playing, to enhance the digital learning experience.

Regional Insights

North America dominated the market in 2021, accounting for over 46% share of the global revenue. The U.S. will likely remain at the helm against bullish investments and favorable government policy. Besides schools and private organizations, policymakers have shown optimism about promoting STEM education among K-12 students. For instance, in January 2022, Rep. Hayes and Rep. McKinley introduced the "Supporting STEM Learning Opportunities Act" to boost funding in STEM education and form the STEM workforce pipeline for students and young women of color. The act noted that experimental and hands-on learning opportunities and programs would be critical for student success across STEM subjects.

Stakeholders are expected to invest in building computational literacy, drawing on methods and knowledge to solve real-world problems using creativity, initiative, and innovation in STEM. According to the Elementary and Secondary STEM Education report, 2022, by the National Science Board, American students' performance on standardized math and science examinations has remained the same for a decade. Bullish policies could spark growth in the ensuing period. The U.S. established the Committee on Science, Technology, Engineering, and Math Education (CoSTEM) to oversee the coordination of STEM education programs and create a strategic plan every five years. In October 2022, the U.S. Department of Education rolled out the "YOU Belong in STEM" initiative to underscore STEM education for students from Pre-K to higher education. North America market could gain ground through bullish policy initiatives that align with technological advancements.

Europe is likely to account for a significant share of the global STEM education in K-12 market during the forecast period. The trend is attributed to the rising footfall of STEM education programs and investments in digital skills and learning. For instance, in October 2022, Microsoft announced injecting USD 2,944,500 million into the Dream Space Education hub to underpin the STEM education program in Ireland. STEM education has gained ground across the U.K., France, Italy, Germany, and Spain as teachers, schools, companies, and governments continue prioritizing STEM-oriented schools. Besides, in January 2022, Aramco Europe reportedly donated USD157,766 million to the ENTHUSE Charitable Trust to bolster STEM education for U.K. students. Bullish STEM policies and access to advanced learning experiences are slated to underpin the position of Europe in the global market. The K-12 education landscape will be spurred by favorable conditions for STEM development, learning, and expansion of digital platform use.

Key Companies & Market Share Insights

Investments in STEM and competence in science, math, and engineering during elementary and high school levels could prepare students to gain jobs that demand STEM skills. Leading players are slated to play a vital role in modernizing K-12 education. For instance, in September 2022, Amazon Canada employees joined forces with FIRST Robotics and the LEGO Group to build STEM skills and deliver Stem toys to elementary schools. In 2021, Amazon rolled out its Future Engineer program to motivate children to explore careers in STEM.

Industry players will likely invest in social sustainability and emphasize expanding STEM education in primary and secondary schools. In October 2022, Ardagh Group announced a 10-year investment to provide STEM education to over 200,000 primary and secondary school students in 14 communities across Germany. The multi-year partnership is expected to offer advanced teacher training to more than 1,100 teachers in Ardagh's German communities. Meanwhile, in January 2022, Gale (part of Cengage Group) teamed up with the California State Library and Riverside County Office of Education to offer K-12 students and educators access to STEAM digital resources. Some of the prominent players in STEM education in K-12 market include:

• BYJU'S

• edX LLC.

• Hurix 

• STEM Learning Ltd.

• StemLabs

• Stride, Inc.

• Edutech

• MEL Science

• Stemi Education

• STEMROBOTM Technologies Pvt Ltd. 

STEM Education In K-12 Market Report Scope

Global STEM Education In K-12 Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global STEM education in K-12 market report based on type, application, and region.

• Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Self-Paced

  • Instructor-led

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Elementary School (K-5)

  • Middle School (6-8)

  • High School (9-12)

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

    • Brazil

  • MEA