Competitive markets encourage innovations that lead to the rapid evolution of business models. Whereas Instrument Making and Robotics is an innately high-tech sector, it survives based on its capability to constantly innovate new industrial and consumer applications using its underlying transversal technologies. However, pivoting to new verticals in this industry requires a significant element of commercial risk, which increasingly acts as a barrier to entry for many firms. When governments are better equipped to understand how these markets are evolving, they will be better prepared to respond with specialized policies that contribute to growth, inclusion and sustainability.
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