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.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Application
- High School (9-12)
- Middle School (6-8)
- Elementary School (K-5)
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- StemLabs Education
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America STEM Education In K-12 Market, by Type
1.4.2 North America STEM Education In K-12 Market, by Application
1.4.3 North America STEM Education In K-12 Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America STEM Education In K-12 Market by Type
3.1 North America Self-Paced Market by Country
3.2 North America Instructor-led Market by Country
Chapter 4. North America STEM Education In K-12 Market by Application
4.1 North America High School (9-12) Market by Country
4.2 North America Middle School (6-8) Market by Country
4.3 North America Elementary School (K-5) Market by Country
Chapter 5. North America STEM Education In K-12 Market by Country
5.1 US STEM Education In K-12 Market
5.1.1 US STEM Education In K-12 Market by Type
5.1.2 US STEM Education In K-12 Market by Application
5.2 Canada STEM Education In K-12 Market
5.2.1 Canada STEM Education In K-12 Market by Type
5.2.2 Canada STEM Education In K-12 Market by Application
5.3 Mexico STEM Education In K-12 Market
5.3.1 Mexico STEM Education In K-12 Market by Type
5.3.2 Mexico STEM Education In K-12 Market by Application
5.4 Rest of North America STEM Education In K-12 Market
5.4.1 Rest of North America STEM Education In K-12 Market by Type
5.4.2 Rest of North America STEM Education In K-12 Market by Application
Chapter 6. Company Profiles
6.1 Stride, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Research & Development Expenses
6.2 edX, Inc. (2U, Inc.)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Partnerships, Collaborations, and Agreements:
6.3 BYJU'S
6.3.1 Company Overview
6.3.2 Recent strategies and developments:
6.3.2.1 Partnerships, Collaborations, and Agreements:
6.3.2.2 Product Launches and Product Expansions:
6.4 Hurix Systems Pvt. Ltd.
6.4.1 Company Overview
6.5 STEM Learning Ltd.
6.5.1 Company Overview
6.6 MEL Science
6.6.1 Company Overview
6.7 STEMI d.o.o.
6.7.1 Company Overview
6.8 STEMROBOTM Technologies Pvt Ltd.
6.8.1 Company Overview
6.8.2 Recent strategies and developments:
6.8.2.1 Partnerships, Collaborations, and Agreements:
6.8.2.2 Geographical Expansions:
6.9 Edutech
6.9.1 Company Overview
6.10. StemLabs Education
6.10.1 Company Overview
TABLE 1 North America STEM Education In K-12 Market, 2018 - 2021, USD Million
TABLE 2 North America STEM Education In K-12 Market, 2022 - 2028, USD Million
TABLE 3 North America STEM Education In K-12 Market by Type, 2018 - 2021, USD Million
TABLE 4 North America STEM Education In K-12 Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Self-Paced Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Self-Paced Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Instructor-led Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Instructor-led Market by Country, 2022 - 2028, USD Million
TABLE 9 North America STEM Education In K-12 Market by Application, 2018 - 2021, USD Million
TABLE 10 North America STEM Education In K-12 Market by Application, 2022 - 2028, USD Million
TABLE 11 North America High School (9-12) Market by Country, 2018 - 2021, USD Million
TABLE 12 North America High School (9-12) Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Middle School (6-8) Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Middle School (6-8) Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Elementary School (K-5) Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Elementary School (K-5) Market by Country, 2022 - 2028, USD Million
TABLE 17 North America STEM Education In K-12 Market by Country, 2018 - 2021, USD Million
TABLE 18 North America STEM Education In K-12 Market by Country, 2022 - 2028, USD Million
TABLE 19 US STEM Education In K-12 Market, 2018 - 2021, USD Million
TABLE 20 US STEM Education In K-12 Market, 2022 - 2028, USD Million
TABLE 21 US STEM Education In K-12 Market by Type, 2018 - 2021, USD Million
TABLE 22 US STEM Education In K-12 Market by Type, 2022 - 2028, USD Million
TABLE 23 US STEM Education In K-12 Market by Application, 2018 - 2021, USD Million
TABLE 24 US STEM Education In K-12 Market by Application, 2022 - 2028, USD Million
TABLE 25 Canada STEM Education In K-12 Market, 2018 - 2021, USD Million
TABLE 26 Canada STEM Education In K-12 Market, 2022 - 2028, USD Million
TABLE 27 Canada STEM Education In K-12 Market by Type, 2018 - 2021, USD Million
TABLE 28 Canada STEM Education In K-12 Market by Type, 2022 - 2028, USD Million
TABLE 29 Canada STEM Education In K-12 Market by Application, 2018 - 2021, USD Million
TABLE 30 Canada STEM Education In K-12 Market by Application, 2022 - 2028, USD Million
TABLE 31 Mexico STEM Education In K-12 Market, 2018 - 2021, USD Million
TABLE 32 Mexico STEM Education In K-12 Market, 2022 - 2028, USD Million
TABLE 33 Mexico STEM Education In K-12 Market by Type, 2018 - 2021, USD Million
TABLE 34 Mexico STEM Education In K-12 Market by Type, 2022 - 2028, USD Million
TABLE 35 Mexico STEM Education In K-12 Market by Application, 2018 - 2021, USD Million
TABLE 36 Mexico STEM Education In K-12 Market by Application, 2022 - 2028, USD Million
TABLE 37 Rest of North America STEM Education In K-12 Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America STEM Education In K-12 Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America STEM Education In K-12 Market by Type, 2018 - 2021, USD Million
TABLE 40 Rest of North America STEM Education In K-12 Market by Type, 2022 - 2028, USD Million
TABLE 41 Rest of North America STEM Education In K-12 Market by Application, 2018 - 2021, USD Million
TABLE 42 Rest of North America STEM Education In K-12 Market by Application, 2022 - 2028, USD Million
TABLE 43 Key Information – Stride, Inc.
TABLE 44 Key Information – edX, Inc.
TABLE 45 Key information – BYJU'S
TABLE 46 Key Information – Hurix Systems Pvt. Ltd.
TABLE 47 Key Information – STEM Learning Ltd.
TABLE 48 Key Information – MEL Science
TABLE 49 Key Information – Stemi Education
TABLE 50 Key Information – STEMROBOTM Technologies Pvt Ltd.
TABLE 51 Key Information – Edutech
TABLE 52 Key Information – StemLabs Education
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: BYJU'S
FIG 3 Recent strategies and developments: STEMROBOTM Technologies Pvt Ltd.