technologieintensiven

Technologieintensiven is a German term that translates to "technology-intensive" in English. It describes industries, companies, or economic activities that rely heavily on advanced technology and significant investment in research and development. These sectors typically exhibit high levels of innovation and are characterized by a constant need to adapt to or drive technological advancements.

Sectors often considered technologieintensiven include information technology, telecommunications, biotechnology, aerospace, automotive manufacturing, and certain segments of the chemical and pharmaceutical industries. These fields are distinguished by their rapid pace of change, the skilled workforce they employ, and their substantial capital expenditure on cutting-edge equipment and intellectual property. The success of technologieintensiven businesses often hinges on their ability to innovate, protect their intellectual property, and compete in a global marketplace driven by technological progress. Governments often support these industries through funding for research, tax incentives, and educational programs designed to cultivate a highly skilled workforce.