K-12 Makerspace Materials Market 2024 - By Industry Demand, Leading Players, Regional Overview And Forecast To 2033

"The new report published by The Business Research Company, titled ""K-12 Makerspace Materials Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the K-12 makerspace material market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $1.02 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The K-12 makerspace material market size is expected to see strong growth in the next few years. It will grow to $1.45 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.

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Fueling Growth The Intersecting Forces Of Online Education And Digital Language Learning
The rising demand for online education is expected to propel the K-12 makerspace materials market going forward. Online education refers to delivering educational content and instruction via the internet. The demand for online education is rising due to its flexibility, accessibility, and quality of remote learning options, driven by technological advancements and evolving learning needs. The makerspace materials complement online education by providing students with hands-on learning opportunities, fostering creativity and innovation, promoting collaboration, and preparing them for success in an increasingly digital and technology-driven world. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, online education enrollment surged in 2020, more than doubling, and then experienced another substantial increase of 32% the subsequent year, reaching a peak of 189 million in 2021. Therefore, the rising demand for online education drives the growth of the -12 makerspace materials market.

Advancing STEM Education With AI-Based Curriculum In The K-12 Maker Space Materials Market
Major companies operating in the K-12 makerspace materials market are developing advanced solutions, such as an AI-based curriculum, to enhance STEM education and foster student innovation. AI-based curriculum leverages AI algorithms and tools to personalize instruction, adapt to individual student needs, provide real-time feedback, and optimize learning outcomes. For instance, in September 2023, Kinderlab Robotics, a US-based company that offers K-12 marker space materials, launched Thinking with KIBO, an AI curriculum for young learners. The core learning objectives of the curriculum include understanding that AI is a tool made by people, AI systems make decisions based on input and rules, AI doesn't think like people do and is not alive, and AI can help people solve complex problems. This is aimed at aiding students in grades 1-3 in comprehending the functionality of AI tools and encouraging critical thinking regarding their potential societal implications. The curriculum focuses on elucidating the workings of AI to children through interactive exercises featuring the KIBO robot.

The k-12 makerspace materials market covered in this report is segmented -

1) By Product Type: Robotic Toolkit, Construction Materials, Art And Craft Materials, Other Materials
2) By Application: Prе-Рrіmаrу Sсhооl, Prіmаrу Sсhооl, Middle Sсhооl, High Sсhооl
3) By End-User: Classroom, Cafeteria, Library, Office, Other End-Users

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Major companies operating in the K-12 makerspace materials market are Autodesk Inc., Follett Corp., Crayola LLC, Stratasys Ltd., Lakeshore Learning Materials, Makerbot Industries LLC, Hand2Mind, Makeblock Co. Ltd., Innovation First International Inc., Ozobot, SparkFun, Pitsco Inc., Sphero Inc., Osmo, Wonder Workshop Inc., Eduporium inc., Sakura, Kano Technology, FableVision Inc., Prisma Colour Ltd., LEGO Group, BirdBrain Technologies LLC, Engino Ltd., Makey Makey LLC, Thames & Kosmos LLC

Contents of the report:
1. Executive Summary
2. K-12 Makerspace Materials Market Report Structure
3. K-12 Makerspace Materials Market Trends And Strategies
4. K-12 Makerspace Materials Market - Macro Economic Scenario
5. K-12 Makerspace Materials Market Size And Growth
…..
27. K-12 Makerspace Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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