The Latin America, Middle East and Africa STEM Education In K-12 Market would witness market growth of 15.2% CAGR during the forecast period (2022-2028).
The STEM-based education system teaches children much more than basic concepts of mathematics and science. Instead, the focus of STEM education is majorly on real-world applications that would help students develop a broad skill set, which includes 21st-century skills. 21st-century skills involve productivity, social skills, flexibility, communication, media & technology literacy. Other skills developed by STEM learning are critical thinking, problem-solving, leadership quality, decision-making ability, acceptance of failure, and many more.
Not just making children ready for a career path, these skills would also help students to become innovative. Schools and other academies organize summer camps, maker spaces, and after-school programs for children, which would enable STEM education to gain traction among parents and children. These camps involve students in real-world application of their learning with the aim of developing an innovative mindset.
Students learning via the STEM education system are free to exercise what they have learned and make mistakes in an environment with no risk. The main focus of STEM education is to develop curiosity in learners to know more about what they are doing and thereby equipping them with the ability to respond to complex scenarios.
The world is focused on technological innovations and high technological R&D. The technological developments are predicted to become the future of UAE’s economy. Due to this, most of the regional organizations prefer to hire a workforce equipped with STEM skills. This is raising the need for a STEM education system in K-12. By the acceptance of the STEM education system, the regional academies would promote higher education courses that are linked to engineering and applied science.
The Brazil market dominated the LAMEA 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 $1,218.8 million by 2028. The Argentina market is experiencing a CAGR of 15.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 15% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global STEM Education In K-12 Market is Predict 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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