Sunrise Industry

A sunrise industry is an emerging business sector that demonstrates rapid growth, strong innovation, and promising long-term prospects. Such industries typically arise in response to changing consumer demands, global trends, or technological breakthroughs, and are viewed as key drivers of future economic expansion. Over time, sunrise industries may replace mature or declining sectors, often referred to as sunset industries.

Example: In India, sectors like renewable energy, electric vehicles, and biotechnology are considered sunrise industries, reflecting robust growth potential and increasing government focus on sustainable and technology-driven development.