technologieintensive

Technologieintensive, a German term, translates to "technology-intensive" in English. It describes industries, companies, or economic sectors that rely heavily on research and development, innovation, and the application of advanced technologies. These entities are characterized by significant investments in science and technology, often employing a large number of highly skilled professionals such as scientists, engineers, and technicians.

The concept of technologieintensive is crucial for understanding economic competitiveness and growth. Sectors considered technology-intensive typically include information technology, biotechnology, aerospace, pharmaceuticals, advanced manufacturing, and telecommunications. These industries are often at the forefront of technological progress, driving innovation that can have broad societal and economic impacts.

Key indicators of a technologieintensive sector include a high ratio of R&D expenditure to sales, a significant patenting activity, and a workforce with a high proportion of tertiary-educated individuals. Countries and regions that foster technologieintensive industries often aim to enhance their global standing in innovation and economic development. Such sectors are dynamic and constantly evolving, requiring continuous adaptation to new discoveries and market demands.