Industrial production accounts for 17% of Europe's GDP and remains a key driver for innovation, economic growth and job creation. More than 32 million people in the EU are employed in the manufacturing industry and each job generates at least an additional job in services. 80% of innovations today are made in the industry and 75% of EU exports are manufactured products. Europe's position as an industrial power house is eroding and its leadership in many important sectors is constantly challenged. Essential synergies will be created in Europe to reverse the trend towards de-industrialization:
The focus of the ICT part of the PPP is to exploit advances in ICT across the complete manufacturing process chain, leading to a modernization of manufacturing in Europe.
The specific objectives are the following:
Key industrial partners in this PPP are large manufacturers in automotive, aerospace, engineering, etc.; Suppliers; SW houses; Embedded Electronics Manufacturers; and Service Providers. They are supported by Europe's large number of academic and research institutes specialized on production, as well as regional and national innovation clusters, around which the European innovation ecosystems in manufacturing are traditionally organized.