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Industry Landscape
The STEM education industry is experiencing robust growth, driven by increasing awareness of its importance for future workforce development. Educational institutions and parents are keen on integrating hands-on learning experiences, particularly in robotics and AI, to foster critical thinking and problem-solving skills. The industry is also seeing a rise in demand for accessible and affordable programs, often supported by grants and corporate partnerships.
Total Assets Under Management (AUM)
K-12 STEM Program Participation in United States
~Approximately 70% of RECF's users are in the United States, indicating significant K-12 STEM program participation.
(6.5% CAGR)
- Increasing government funding for STEM initiatives.
- Growing parent and student interest in technology careers.
- Expansion of extracurricular STEM clubs and competitions.
Total Addressable Market
2.5 billion USD