Europe is at risk of falling behind the USA and China in global technology development. The report “Europe in the Intelligent Age: From Ideas to Action” analyzes where Europe needs to leverage its strengths in order to remain competitive in the long term. It provides valuable guidance for managers to identify technology-driven growth areas, adapt their strategic direction and set the course for long-term competitiveness.
Core challenges:
-
Europe invests 700 billion euros less per year in technology than the USA.
-
Europe is globally competitive in only four of 14 key technologies.
-
With targeted investments in key technologies, Europe can generate an additional annual gross value added of 2-4 trillion euros by 2040 and sustainably strengthen its technological competitiveness.
Four technological strengths of Europe:
-
Quantum technologies – Strong basic research in quantum computing, quantum communication and quantum sensor technology.
-
Climate technologies – Leading in CO2 capture, circular economy and carbon removal.
-
Bioengineering of the future – advances in genomics, tissue engineering and biomaterials as a competitive advantage.
-
Advanced connectivity – strengths in fiber optics, 5G/6G and satellite communication must be better utilized.
Recommended measures:
- Targeted promotion of investments in key technologies.
- Promote lighthouse projects in the private sector, for example for industrial AI applications or bioengineering.
- Modernize regulation to accelerate innovation.
