Definition

Noun: A new and rapidly growing sector of the economy, characterized by innovation, high growth potential, and the use of advanced technology. The term contrasts with "sunset industries," which are in decline.

Usage and Examples

This term is used to describe emerging economic sectors that are expected to be major drivers of future growth and employment. * The government is offering tax incentives to attract investment in sunrise industries like biotechnology and renewable energy. * Many economists consider artificial intelligence to be the quintessential sunrise industry of the 21st century. * The region transformed its economy by shifting focus from traditional manufacturing to sunrise industries.

Advanced Usage and Nuances

• The term often implies optimism about the industry's future and its role in economic renewal.
• It is frequently used in economic planning, policy discussions, and investment contexts.
• Conceptual Contrast: The phrase is most powerful when contrasted with "sunset industry," which refers to an established industry in a state of decline, often due to technological obsolescence or market shifts.

Variants and Related Words

• Sunset Industry (n.): An established industry that is in a period of decline or stagnation.
• Emerging Industry (n.): A close synonym, though it may lack the specific connotation of rapid, sunrise-like expansion.
• High-tech Industry (n.): Often overlaps with sunrise industries, but is more focused on the technological aspect than the growth phase.

Synonyms

• Growth industry
• Emerging industry
• Boom industry
• High-growth sector

Antonyms

• Sunset industry
• Declining industry
• Mature industry
• Stagnant sector

Noun

1. a new industry that is expanding rapidly (especially telecommunications or electronics)