STREAM vs STEM
Our vision is superior to others. We can change the rules of the game for the global construction toy market by forcing major companies in the world to follow suit with the intellectual property we own, as no company in the world has been able to provide construction toys that are miniature models of real construction such as the wonders of the world such as the pyramids and the Chinese Wall. The great, round city of Baghdad. And all the other historical monuments of the world, as well as the future construction of our lives.
STEM is an educational curriculum that combines science, technology, engineering, and math. It is meant to be a comprehensive approach; instead of teaching each subject separately, educators aim to incorporate some or all elements of STEM into each project. STEAM incorporates all the elements of STEM, but adds art to the mix.
STREAM adds one more layer to STEM and STEAM: reading and writing. Advocates of STREAM see literacy as an essential part of a well-rounded curriculum, as it requires critical thinking as well as creativity. STREAM projects are similar to STEM or STEAM, but fold in the components of reading and writing.
The global construction toys market size was valued at USD 12.72 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030. The rising recognition of the benefits associated with construction toys in the cognitive development of kids is expected to accelerate the growth of the industry. These products help develop spatial reasoning in children, which is anticipated to drive the demand from education systems. For instance, bricks and blocks toys are included in the early grades of education. Holistic development to develop creativity and imagination among children is the objective of including these games for children in kindergarten.
From 2023 to 2030, the Educational Toy market displays a consistent and positive growth direction, indicating a favorable outlook for the industry. This growth is propelled by several key factors, including increasing consumer demand, advancements in technology, and shifting consumer preferences.
Stem Toys Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2023 to 2030. The educational toys market is poised to grow by $16,043.98 during 2023-2027, accelerating at a CAGR of 8.7% during the forecast period.
STEM education is important for several reasons. It refers to the integration of science, technology, engineering, and mathematics into a cohesive, interdisciplinary and applied learning approach1. This approach is not just academic theory—STEM education includes the appropriate real-world application and teaching methods1. As a result, students in any subject can benefit from STEM education.
One of the most direct and powerful arguments for the importance of STEM education is how relevant STEM is in the workforce. Employment in STEM occupations has grown 79 percent in the past three decades, according to U.S. Bureau of Labor Statistics2. In addition, STEM jobs are projected to grow an additional 11 percent from 2020 to 2030.
The study of STEM subjects teaches critical-thinking skills and instills a mindset that will help students find success across numerous areas and disciplines2. However, too often the opportunity to learn and to be inspired by STEM is not available. Only 20 percent of high school graduates are prepared for college-level coursework in STEM majors.
STEM education is also important for the future of innovation and prosperity. The pace of innovation is accelerating globally, and with it the competition for scientific and technical talent. Now more than ever the innovation capacity of the States and its prosperity and security—depends on an effective and inclusive STEM education ecosystem.