DigitalEurope – Critical Tech Gap, July 2024

The intro to the DIGITALEUROPE – CRITICAL TECHNOLOGIES REPORT JULY 2024 highlights the EU's lagging digital competitiveness compared to global leaders like the US and China. The European Commission's proposed approach includes promoting competitiveness, protecting against risks, and partnering with like-minded countries. The report analyses Europe's position in critical technology areas, such as advanced connectivity, additive manufacturing, and energy technologies. It notes a shortfall in public and private investment, as well as a lack of manufacturing and commercialisation capabilities compared to strong research and development. Regulatory challenges, a poor business environment, and a talent shortage in key areas also hinder the EU's competitiveness. Collaboration within the EU and with global leaders is emphasized to limit supply chain disruption and build competitive technology ecosystems. Leveraging the EU's strengths in developing global standards, particularly in advanced connectivity, is highlighted as a way to maintain a competitive edge in global markets.