GITNUX MARKETDATA REPORT 2024

Stem Education Industry Statistics

The STEM education industry continues to grow rapidly, with a projected global market size of $336.9 billion by 2025.

Last Updated: June 22, 2024

How we write

In this post, we explore the significant impact of STEM education on the workforce and economy, backed by a wealth of compelling statistics. From the substantial financial investments in STEM education to the underrepresentation of minorities in the field, these statistics shed light on the current state of STEM industries in the United States and globally. Let’s dive into the numbers that shape the landscape of STEM education and careers.

Statistic 1

"Total spending on STEM education in the United States is more than $27 billion per year."

Statistic 2

"More than 9 million jobs were in STEM fields in the U.S. in 2015."

Statistic 3

"The number of STEM degrees has increased by nearly 50% in the last decade."

Statistic 4

"Women make up only 28% of the workforce in STEM."

Statistic 5

"Worldwide, there will be 2.4 million unfilled jobs in STEM by 2025."

Statistic 6

"The highest percentage of STEM careers is within the IT industry (45%)."

Statistic 7

"93% of parents say they want their student to study STEM."

Statistic 8

"The average reported salary for those with a doctoral degree in a STEM field is $81,400."

Statistic 9

"By 2021, the number of STEM jobs in the US will grow by 13%."

Statistic 10

"Minorities are underrepresented in the STEM fields: African-Americans: 5%, Hispanics: 6%, and Native Americans: 0.3%."

Statistic 11

"In 2016, 52% of STEM degrees were earned by Asian-Americans."

Statistic 12

"The number of students who completed their STEM studies grew from 1.1 million to 1.7 million between 2009 and 2016."

Statistic 13

"Employment in STEM occupations grew by 79% since 1990, from 9.7 million to 17.3 million."

Statistic 14

"More than half of STEM jobs do not require a 4-year degree."

Statistic 15

"In 2018, 2.1 million STEM jobs remained unfilled."

Statistic 16

"Workers in STEM fields were less likely to experience unemployment than their non-STEM counterparts with rates at 2.8% and 5.2% respectively."

Statistic 17

"STEM bachelor's degree holders earn roughly $20,000 more per year than non-STEM degree holders."

Statistic 18

"A majority of girls lose interest in STEM by age 8 due to gender stereotyping."

STEM education in the United States is a rapidly growing industry, evident from the significant investments made annually and the increasing number of jobs and degrees in STEM fields. However, there are disparities that need to be addressed, such as the underrepresentation of women and minorities in STEM careers. The demand for STEM professionals continues to rise globally, with a substantial number of unfilled jobs projected in the coming years. Despite the challenges, pursuing a STEM education remains a lucrative path with high earning potentials, lower unemployment rates, and a growing job market. Efforts to promote diversity and early engagement in STEM among all demographics are crucial for ensuring a robust and inclusive STEM workforce in the future.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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