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Sunrise Industry

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Sunrise Industry
Slang for a new, emerging growth industry that is expected to be the strongest sector in the Future.
    
It is a figurative term for the emerging growth sectors that some believe Will be the mainstays of the Future economy, taking the place of declining sunset industries. Although the latter, including such mature industries as the automobile, steel, and other Heavy manufacturing industries, Will continue to be important, their lead role as employers of massive numbers of workers is expected to be superseded by the electronics and other computer-related High-technology, biotechnology, and genetic engineering sectors and by service industries.
    
The sectors that sunrise industries replace are sometimes referred to as sunset industries.  An example would be the DVD industry back in the 1990s; it was expected to be strong and eventually overtake the VCR, which it eventually did.
Posted by  Financial Research Associates, LLC, marcus evans limited
 
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