What is a new industry?

Emerging industries refer to industries related to national economic and social development and the optimization and upgrading of industrial structure, which have the characteristics of overall situation, long-term, orientation and dynamics. Compared with traditional industries, it has the characteristics of high technology content, high added value and intensive resources, and it is also the fundamental way to promote the development of national economy and enterprises to embark on the track of innovation-driven and endogenous growth.

Emerging industry is a new economic sector or industry with the birth and application of new scientific research achievements and emerging technologies. Usually, the standards and business processes of emerging industries have yet to be developed, and pioneers often gain the first-Mover advantage.

Industries formed by the industrialization of new technologies. New technology belongs to a form of knowledge at first, and its achievements are gradually industrialized in the process of development, eventually forming an industry. For example, bioengineering technology was only a technology in the fifties and sixties or earlier, so it became a bioengineering industry, and these achievements were made to serve the society. In the United States, bioengineering industry is regarded as a very promising emerging industry. Similarly, IT industry, due to the development of digital technology, is also considered as a new sunrise industry.

Transform traditional industries with high technology and form emerging industries. For example, hundreds of years ago, the manual spinning machine was transformed with steam engine technology to form the textile industry, which made the whole textile industry develop rapidly. Relatively speaking, the textile industry is a new industry that transforms traditional industries with new technologies. For example, the steel industry has become a new material industry, producing acid-resistant, alkali-resistant, wear-resistant and flexible composite materials and emerging materials. Similarly, use new technology to transform traditional commerce into logistics industry. The core of the transformation of these industries is that compared with traditional industries, the economic benefits are greatly improved.