Formation of Emerging Industries of Economy: World Trends and Situation in Russia
Keywords:
Emerging industries, digitalization, artificial intelligence, digital health, virtual reality, cyber security, digital twin, additive manufacturing, space tourism, hydrogen vehicles, Internet of thingsAbstract
The object of study in this article is the industries of the economy that have emerged since the middle of the 19 century
(approximately since the 1950s), which are based on the use of digital technology. Based on the analysis of foreign studies
and information from open sources on the Internet, in particular the analytical reports of Precedence Research, Allied Market
Research, Market Research Future, the author identifies the industries of the economy that can be considered as the emerging.
In this study, the following industries are considered as the emerging: artificial intelligence, virtual reality, digital health, hydrogen
car manufacturing, cyber security, additive manufacturing, Internet of things, private space tourism and digital twin manufacturing.
Emerging industries are the sectors and firms that create disruptive technologies and/or have huge market potential. The author
explores the main features of the emerging industries of the economy and calculated growth rates of their industry market
compared to average market growth rates. The article also provides information on the development of the emerging industries
of the economy in Russia, but this information is very limited due to the lack of unified methodological approaches to identifying
the emerging industries. Based on comparison of the emerging industries development in Russia with foreign countries, the author
proposes a classification of the Russian emerging industries into several groups. As a result of the study, recommendations for
improving the conditions for developing the emerging industries of the economy in Russia are given.
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