HIGH-TECH MARKET DEVELOPMENT TRENDS IN UKRAINE

Abstract

Introduction. The high-tech market is changing dynamically, driven by both domestic economic transformations and global technological trends. Active digitalization, the development of the IT sector, and growing demand for innovative solutions in industry, medicine, and energy are contributing to a competitive environment. At the same time, the challenges faced by Ukraine due to the full-scale war, strengthening of European integration trends, attraction of investments and strengthening of export potential require intensification of the development of high-tech production to meet the needs of the domestic market and integration into global value chains. The article analyses the main trends affecting this market and outlines the ways to stimulate its development in Ukraine.

Materials and methods. The theoretical and methodological basis of the article includes the scientific works of domestic and foreign scientists, methods of general scientific methods: abstract and logical, induction and deduction, systematic approach, analysis and synthesis, as well as special research methods: statistical comparisons, grouping, expert assessments in substantiating the directions of promoting the development of high-tech products markets.

The purpose of the article is determining methodological approaches to assessing the level of technological sophistication of economic activity, identifying trends in the development of the high-tech market in Ukraine and justifying regulatory decisions to support and stimulate it.

Results and discussion. The article considers methodological approaches developed by international economic organizations to determine the level of technological sophistication of economic activity, in particular, the Eurostat methodology (sectoral, product and patent); the OECD industry classification; the NAICS methodology, which allowed to define a high-tech industry list. Based on the analysis of leading international rankings, comparative analysis of the dynamics of high-tech exports in different countries of the world, it is determined that Ukraine is lagging behind the technological leaders and European neighboring countries in terms of technological exports. The author substantiates the factors that limit the ability of the Ukrainian economy to fully realize the potential of the high-tech market, namely military risks; low competitiveness of high-tech products; limited access to investment; reduced export potential; low investment attractiveness; lack of highly qualified personnel, etc.

Conclusions. The development of high-tech markets is a key factor in increasing the competitiveness of Ukraine's economy and its integration into the global market. Despite the growing demand for high-tech products and active digital transformation in the global world, the Ukrainian economy has limited capacity to fully realize the opportunities of these markets. This requires the development and implementation of effective management and regulatory solutions to support and stimulate high-tech production in Ukraine, which include: creating conditions for the development of innovation infrastructure (research centers, incubators, accelerators, scientific, industrial and innovation parks); effective management of public institutions and implementation of international corporate governance principles in their management system; institutional support for the implementation of innovative projects and development of critical technologies, in particular, through public-private partnership mechanisms; support for small and medium-sized enterprises by promoting their development in terms of development and creation of innovative technologies; expansion of soft loans through the government programs “Affordable Loans 5-7-9” and “Affordable Finance”. Implementation of these measures will contribute to the development of high-tech production, creation of new jobs, increase in exports, and ensure the country's defense capability.