The aerospace industry is a collection of manufacturing enterprises involved in the design and production of vehicles capable of flight within and beyond Earth’s atmosphere.
Key trends in the industry include reducing flight costs and emissions through electric and hybrid engines, the development of autonomous flight systems, the use of simulated data, consolidation and lightweighting of aerospace components, and the adoption of multiphysics simulation technologies
Agribusiness - production, processing, and distribution of agricultural and livestock products.
Key trends include global population growth and the resulting increase in demand for agricultural products, the use of genetically modified organisms (GMOs), the digitalization of purchasing processes, the robotization of farms, remote sensing technologies, machine learning and data analytics, blockchain
Airlines is an industry that provides air transportation for freights and passengers using aircraft (planes, helicopters, etc.), usually at scheduled routes.
Modern trends and technologies include a tendency towards reduction in noise during take-off and landing because of environmental concerns, the development of biometrics technologies (e.g. biometric terminals), launching baggage tracking systems for better customer service, codeshare agreements between airline companies for cost reduction, implementation of data-based solutions for fighting terrorism
Banking is an industry that manages cash, credit, and other financial transactions. This industry also regulates processes such as life insurance, claims, insurance broking, retail banking, credit cards, underwriting, non-life insurance, relationship management, SME and corporate banking, loans, bank operations, and risk management
The chemical industry comprises the companies that produce industrial chemicals. Over 95 percent of all manufactured goods rely on some form of industrial chemical process
The construction industry encompasses a wide range of activities, including site preparation, building, renovation, and repair of structures.
Trends in the industry include consolidation, labor shortages, rising costs, a focus on process safety, innovation (such as smart homes and green technologies), increased digitalization (including mobility and building information modeling), and the growing use of modular and prefabricated structures
The building materials industry consists of a wide range of companies involved in the mining, quarrying, and processing of raw materials used for building construction.
The global building materials industry (a large part of the construction industry) encompasses manufacturers of cement, brick, concrete, sand, aggregates, and gravel. Steel, glass, wood, plastics, and cement are among the most-used building materials
Consumer goods are products sold to consumers for their personal use or enjoyment, rather than for further economic production activities. 4 main types: consumer products market, food and beverages market, retail market, transportation service market.
Key trends: aggressive marketing and high level of competition, grow the market because of consumer awareness and brand loyalty, modifying business, using technology for advantages of reduced costing and improved customer relationship
The education sector encompasses a broad spectrum of learning, personal development, and professional training for individuals of all ages, from children to adults.
Trends: STEAM (Science, Technology, Engineering, Art, and Mathematics) education instead of STEM, individual approach, online learning, open education (OER), digital technologies, project-oriented learning
Electronics Manufacturing involves the development, design, and production of both industrial and consumer electronics, as well as household appliances.
Trends: outsourcing, the use of virtual reality in production, robotization and automation of production, growing demand for smart consumer devices and IoT functionality
This industry group comprises establishments primarily generating, transmitting, and/or distributing electric power. The Energy Sector is a paramount part of the everyday life of the state.
Trends in the industry include a strong push for decarbonization, a shift toward decentralization, and increasing digitalization
Engineering involves the application of scientific principles and mathematical methods to design, develop, and prototype machines, structures, buildings, and other technical objects.
Trends include stable growth driven by urbanization, digitalization, and automation in client industries; a continued focus on digitalization and process optimization; and a growing demand for digitally skilled personnel
According to the IMF, a financial service is best described as the process by which a consumer or business acquires a financial good. The industry comprises around 16% of the total global economy.
Digitalization, thorough customer orientation, and rising cyber-security threats are the major trends witnessed in the global financial services market
Healthcare encompasses the provision of products and services aimed at the treatment, prevention, and management of diseases, as well as overall medical care and well-being.
Trends include new customer needs (such as prevention and improved living standards), new models of medical care, effective financial management, digitalization, and the growing need for skilled personnel
High technology, or high tech is technology that is at the cutting edge: the most advanced technology available. A widely used classification of high-technological manufacturing industries is provided by the OECD. It is based on the intensity of research and development activities used in these industries within OECD countries, resulting in four distinct categories.
High Tech trends: digital transformation, energy efficiency, renewable energy, 3-D metal printing, smart spaces are growing into smart cities, 5G
Insurance refers to financial protection services against adverse events, provided by a system of insurance and reinsurance companies.
Trends: slow global growth; by 2029, China will be the market leader instead of the United States; IoT and RPA/AI technologies; practical implementations of blockchain technology
Investment banking and securities trading - companies engaged in financial services and involved in financial advisory transactions on behalf of individuals, corporations, and governments.
Key trends: the recovery of the industry after the 2008 crisis, global mergers and acquisitions, the global dominance of U.S. banks continues, investing in digital technologies, focus on the customer
In a business context, IT is defined as the study, design, development, application, implementation, support, or management of computer-based information systems. The responsibilities of those working in the field include network administration, software development and installation, and the planning and management of an organization's technology life cycle, by which hardware and software are maintained, upgraded, and replaced.
IT trends: artificial intelligence (AI), robotic process automation or RPA, blockchain, edge computing, virtual reality (VR) and augmented reality (AR), cyber security, internet of things (IoT)
Logistics: managing the supply of things between the manufacturer and the consumer to meet the needs of individuals or corporations.
Trends: increased efficiency and transparency in B2B, new B2C shopping models, digitalization, rank economy and new players, point-to-point cooperation of competitors
The Machinery & Equipment comprises establishments that produce and maintain machines for consumers, the industry, and most other companies in the economy. The manufacturing industry is on the rise despite the challenges.
Trends: IoT, predictive technologies, digitalization, modern qualified workforce
Media: content creation for business and private clients, delivered via platforms (movie, TV, music, Internet, advertisement, games).
Trends: stable growth, content management digitalization, growing user awareness, ecosystem formation, startup activity
Metallurgy: production of ferrous and non-ferrous metals and manufacture of standard products, various structures, and parts from them.
Trends: the rapid development of digitalization tools in the industry; weak value growth stimulates consolidation; attention to the environment; increased interaction with local communities
The Mining industry comprises establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Despite volatility and risks, the Mining sector has performed well for the past two years.
The Mining industry trends are the following: transition to low-carbon energy, enter frontier areas, develop new technologies for extractions, changing business model, digital transformation, modern qualified workforce
The oil and gas sector comprises exploration, transportation, storage, and processing of oil and gas, marketing and distribution of the processed products to consumers and end users.
Since its discovery, oil, and gas have been playing a prominent role in the growth of the world economy: the oil and gas sector is estimated at 2 trillion US dollars., world primary energy consumption has been facing steady growth, 58 % of the world's total primary energy consumption accounts for oil and natural gas.
Shale revolution and industry digitalization changes the shape of the oil and gas industry: gas demand in the coming five years is set to be driven by Asia Pacific, US shale powers global oil market transformation that brings greater supply diversity, the global oil and gas sector uses AI to digitize its operations significantly
Organization and reservation of trips: travel for business or personal reasons for a period of from a day to a year.
Trends: growth of online bookings, consolidation of private offers, personalization, Bleisure format, "local" experience, responsible (eco)travel, image recognition and biometrics, AI, IoT
The paper & Forest Products Industry can be defined to include all economic activities that mostly depend on the production of goods and services from forests. The sector, having a long history, is mature and takes a significant place in the world’s economy.
Trends: genetic advances, consumption changes, substitutes’ pressure
Pharma - production of medicines and materials used for medical purposes. This group includes: production of pharmaceutical substances, drugs used for medical purposes; production of chemicals and substances based on herbs used for medical purposes
Private equity investments are an alternative form of financing where capital is raised outside the public market. These investments are considered highly illiquid and are typically realized when a company is sold, goes public, undergoes a merger or acquisition, or undergoes recapitalization.
Trends: active fundraising (growth is twice as fast as in the public segment); an increase in the number of transactions; intense competition; digital innovations (blockchain, platforms, AI, cognitive technologies)
The Public Sector consists of organizations that are owned and operated by the government and exist to provide services for its citizens. The public sector is crucial for the country’s overall stability.
Trends: downsizing, revamping, transforming (due to budgetary constraints and new approaches to public service delivery)
The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise.
The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers
Is a substance, usually a solid chemical element or compound, that can conduct electricity. Semiconductors are a crucial element in modern electronics.
Key trends: steady growth in the coming years, East Asia dominates the global market, led by China, the increasing demand for memory technologies
Telecommunication is the exchange of information through the use of technology. Plays crucial role in economic development: makes interaction between market agents more efficient, reduces transaction costs, increases output and sales and therefore GDP, positive changes in socio-economic structure.
Trends: accelerating cloud adoption, use of 5G, use of blockchain systems, artificial Intelligence creation
Tourism is an industry that includes all types of activities related to the short-term movement of people to places other than their permanent place of residence.
The economic impact of the tourism industry: job creation, development of remote regions, infrastructure improvement, development of the transportation sector, development of innovations.
Key trends: AI development, shifting customer focus from product to impressions, rapid growth of online booking services, transition to sustainable development
Transport or transportation is the movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Relocation of travelers and cargo is the most common use of transport.
Trends: safer roads with electronic devices for drivers, self-driving trucks, regulation compliance, blockchain in logistics, address delivery, spreading low-cost airlines, drone delivery
The Utilities sector comprises establishments engaged in the provision of the following utility services: electric power, natural gas, steam supply, water supply, and sewage removal. Utilities are essential services with a vital role in economic and social development.
Trends: changes in structure, changes in regulatory frameworks, new technologies
