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), By Region, And Segment Forecasts, 2024 - 2030

STEM Education In K-12 Market Trends

The global STEM education in K-12 market size was estimated at USD 51.76 billion in 2023 and is projected to grow at a CAGR of 14.0% from 2024 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. Advanced technologies, such as artificial intelligence (AI) and quantum computing, could reinforce the STEM education system to propel innovation-based competitiveness. STEM, the foundation for technological advancements and discovery, could bolster 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.

STEM education focuses on programs to help learners gain skills and knowledge to excel in the 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. Integrating 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, fostering positive attitudes, and preparing children for jobs.

The emergence of advanced educational technologies (EdTech) is making STEM education more engaging and accessible for students. These technologies include online learning platforms, simulations, virtual reality experiences, and robotics. EdTech can personalize learning experiences and cater to various learning styles, making STEM education more inclusive. Various governments in developing countries recognize the importance of STEM education and are increasing their investment in STEM programs. This funding is used to develop new curriculum materials, train teachers, and provide professional development opportunities.

Industry Characteristics

The STEM education in the K-12 market is in a high growth stage. Educational technology (EdTech) is making STEM education more engaging and accessible. Various tools, such as online platforms, simulations, virtual reality, and robotics personalize learning experiences and cater to diverse learning styles.

The market is experiencing high M&A activities. Established companies acquire smaller players with specialized expertise or a strong regional presence. This helps them expand their product offerings and reach a wider audience, contributing to market consolidation and overall growth.

The market faces increasing regulatory scrutiny that varies depending on the location. Various countries establish national or regional curriculum standards that outline the learning objectives and content expectations for STEM education at different grade levels. These standards guide educators and curriculum developers in ensuring students acquire the necessary knowledge and skills.

The market faces a moderate threat of substitutes. A renewed emphasis on core subjects such as language arts, social studies, and history could lead to less time dedicated to STEM-specific classes, shrinking the market for dedicated STEM programs.

End user concentration significantly influences market dynamics. Public and private schools and school districts are the primary purchasers of STEM education programs, curriculum materials, and professional development resources. Their decisions significantly impact the market.

Type Insights

The self-paced segment led the market in 2023, accounting for a share of over 69%. 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. 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.

The instructor-led segment is predicted to foresee significant growth in the forecast years. 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.

Application Insights

The high school (9-12) segment accounted for the largest revenue share in 2023 due to the expanding penetration of online education. Educators and other stakeholders are investing in STEM education for high school students. High school allows students to delve deeper into specific STEM fields, such as engineering, computer science, or biotechnology. Project-based learning allows them to apply their knowledge to real-world problems, fostering critical thinking, collaboration, and innovation skills.

The middle school (6-8) segment is poised for significant growth. Middle school provides an opportunity to identify students with a talent for STEM and provide them with early intervention and enrichment programs. This can help close achievement gaps and ensure all students thrive in STEM fields. Middle school students are naturally curious and eager to explore new things. Engaging in STEM programs incorporating hands-on activities, experiments, and project-based learning can enhance their interest in science, technology, engineering, and mathematics.

Regional Insights

The STEM education in K-12 market in North America accounted for a significant share of over 45.0% in 2023. North American economies are heavily reliant on innovation and technological advancement. This creates a strong demand for professionals with strong STEM skills across various industries.North America is a hub for educational technology (EdTech) innovation. These technologies are transforming STEM education by making it more engaging, interactive, and accessible for students.

U.S. STEM Education In K-12 Market Trends

The U.S. STEM education in K-12 market is expected to grow substantially over the forecast period. The U.S. has the presence of leading universities and research institutions, fostering innovation and research in STEM education. Moreover, the growing EdTech industry provides a variety of tools and resources to enhance STEM learning experiences.

Europe STEM Education In K-12 Market Trends

The STEM education in K-12 market in Europe is gaining traction. The European Union (EU) plays a crucial role in supporting STEM education through various initiatives and funding programs. These programs promote collaboration between member states, encourage curriculum development, and support teacher training in STEM subjects.

The UK STEM education in K-12 market is expected to grow significantly over the forecast period. The UK government's "leveling up" agenda aims to address regional disparities in education. This includes initiatives to ensure all students, regardless of background or location, have access to high-quality STEM education.

The STEM education in K-12 market in France is expected to grow substantially over the forecast period. The secondary education system in the country culminates in the Baccalaureate exam, which plays a significant role in determining university pathways. Increasing emphasis on STEM subjects within the Baccalaureate can drive demand for stronger STEM preparation in middle and high school.

The Germany STEM education in K-12 market is expected to grow significantly. Germany's strong manufacturing and industrial base requires a workforce equipped with strong STEM skills to maintain its competitive edge. This necessitates educational programs that prepare students for future careers in engineering, technology, and related fields.

Asia Pacific STEM Education In K-12 Market Trends

The STEM education in K-12 market in Asia Pacific is positioned for significant growth. Rapid economic growth across the region necessitates a workforce equipped with strong STEM skills. STEM education programs prepare students for future careers in these high-demand fields.

The China STEM education in K-12 market is positioned for substantial growth. China is a prominent country in technological innovation. STEM education plays a crucial role in ensuring future generations can contribute to and lead this technological progress.

The STEM education in K-12 market in India is poised for significant growth. The Indian government is actively promoting STEM education through various initiatives, such as the "Skill India" Mission, and the National Education Policy (NEP). India has a large and young population. Equipping this population with STEM skills can significantly contribute to the country's economic and technological development.

The Japan STEM education in K-12 market is expected to grow significantly over the forecast period. Japan's advanced economy requires a workforce equipped with strong STEM skills to maintain its technological edge and compete in the global market. STEM education prepares students for careers in robotics, artificial intelligence, and other advanced fields.

Middle East & Africa (MEA) STEM Education In K-12 Market Trends

The STEM education in K-12 market in Middle East and Africa (MEA) is witnessing a surge in demand. Various MEA countries are fostering a culture of entrepreneurship and innovation. STEM education equips students with the skills needed to become innovators and problem-solvers.

The KSA STEM education in K-12 market is poised for significant growth. Saudi Arabia government’s Vision 2030 plan emphasizes economic diversification and technological innovation. This translates to a growing demand for STEM education in K-12s in various industries, such as energy, manufacturing, government, and oil & gas.

The STEM education in K-12 market in South Africa is poised for substantial growth. South Africa is actively deploying 4G networks and looking towards 5G implementation. This necessitates high-speed STEM education in K-12s for efficient data transmission and improved network capacity.Moreover, the government plans for infrastructure development, the telecom network upgrade and a potential push for domestic production drive the market growth.

Key STEM Education In K-12 Company Insights

Key players have strengthened their market presence through a strategic mix of product launches, expansions, mergers & acquisitions, contracts, partnerships, and collaborations. These initiatives serve as vital tools for enhancing market penetration and strengthening their competitive edge within the industry. For instance, in October 2023, BlackBerry Limited, an IoT and cybersecurity software company, partnered with D2L Inc., a learning technology firm, to enhance STEM education for K-12 students in North America. BlackBerry Limited and D2L Inc. selected Actua, a nationwide STEM outreach group, for their initial investment. Actua stands at the forefront of science, technology, engineering, and mathematics (STEM) outreach in Canada, distinguished by its exceptional impact measurement, comprehensive programming, and widespread delivery and partnership networks across the country.

Recent Developments

• 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. Designed to improve educational infrastructure and offer hands-on learning experiences for students in Himatnagar, the 'Better School Program' targets giving economically challenged students a major educational boost. It will assist over 850 students from 1st to 8th grade, spread across four schools

• In October 2023, Savvas Learning, a STEM education learning solutions provider, partnered with Brainingcamp, LLC, an e-learning platform provider, to offer digital tools that are easy to use, enhancing the visual and interactive learning experience in mathematics, thereby helping students gain a profound comprehension of mathematical principles

• In February 2023, Sophia Learning, an e-learning platform provider, partnered with Labster ApS, an EdTech platform provider, to offer college-level science classes that include Labster ApS’s simulation content. This collaboration aims to address the changing needs of higher education for Sophia Learning students and working adults

STEM Education in K-12 Market Report Scope

Global STEM Education in K-12 Market Report Segmentation

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

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

• Self-Paced

• Instructor-led

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

  • Elementary School (K-5)

  • Middle School (6-8)

  • High School (9-12)

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

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • MEA

    • UAE

    • South Africa

    • KSA