Types of Business Industries

1) Aerospace Industry

The aerospace industry is one of the highest technology industries. The aviation industry deals with manufacturing aircraft which take flights within and beyond the earth’s atmospheric area. The process of manufacturing consists of various parts such as designing, building, testing, selling and maintaining. An aviation company also produces aircraft’s parts to maintain the existing aircraft.

There are about 50 countries which own one or more than one aerospace company. These types of business industries show the economic strength of a particular country. The United States of America is the leading country in these types of business industries. The USA has many large and small companies dedicated to aviation business.

America’s military and civil aviation industries have world’s dominance to export military as well domestic aircraft and their parts. Aerospace Industries Association of America (AIA) is an organization for aviation companies in America. It is an organization that provides solutions to technical and policy issues. There is a similar organization in Europe named European Association of Aerospace Industries (AECMA).

2) Transport Industry

The transport industry is one of the largest types of business industries. This industry deals with the movement of humans, things and animals by various modes of transportation. The main modes of transportation are air, land (Road and Rail) and water. The transportation industry makes the largest part of any country’s economy.

A strong Transportation is essential for a country’s growth. Transportation industry makes approximately 17% of USA’s GDP. Leading transportation company for airway is Singapore airlines which banged Skytrax World Airline Award in 2018. USA’s railway network is the world’s largest railway network with a route length of 2,50,000 KM followed by China’s railway network of route length of 1,25,000 KM. India’s railway network is world’s fourth largest railway network with route area of 68,525KM.

Other than these transportations, water transportation is one of the elite ways to commute and transport goods from one place to another. Alexander & Baldwin is Hawaii Based company is the leading water transportation company followed by America’s American Commercial Lines Inc. Indian railway is the world’s only monopolistic organization in the railway sector.

3) Computer Industry

The computer industry has boomed drastically in the 21st century. Computer Industry has taken over almost every other industry. Computer industry or also known as Information Technology (IT) Industry. It includes businesses of computer hardware, developing and maintaining computer software and computer networking. One major area which has been growing proliferatively is service sector.

The service sector has gone online in almost every sector such as health, education, retail, bank, beauty. There are hundreds of websites and apps for every single service. For example, Airbnb is a leading online service company which helps travelers to find places to stay while traveling and also help people to earn extra money by putting their extra space on rent.

4) Telecommunication industry

Telecommunication industry consists of companies which makes communication possible worldwide through mobile phones, internet, cable or wirelessly. It allows people to communicate using words, audio or video from any part of the world to any part of the world. Smartphones can send information thousands of miles away within seconds. The leading companies in the telecommunication industry are satellite companies, internet service providers, wireless operator. Wireless internet has helped other industries to generate great revenue.

This industry includes various sub-sectors such as communication equipment, wireless communication, ad-hoc network, mobile ad-hoc network, domestic telecommunication services, foreign telecommunication services, processing products, and systems. Mobile Ad-hoc network is the fastest growing sector in the telecommunication industry. There will soon be cars on the road without human drivers.

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It will also reduce the cases of accidents on the road because roads will be able to sense the presence of other cars on the road using Mobile ad- hoc networks and sensor installed on the road.

5) Agriculture industry

The agriculture industry is one of the oldest types of business industry. Agriculture industry consists of cultivating land, plants and breeding animals to produce foods and other survival things. This industry is an integral part of every country’s economy. The modernization in the agriculture industry took place in the late 20th century, which is known as “Green Revolution”.

After that, the agriculture industry has been growing exponentially. The agriculture industry is an important industry of countries like India, Africa and other countries having a good ecosystem. This industry consists of producing, providing, selling and exporting agricultural goods. This industry provides employment to researchers, scientists, biotechnicians, veterinarians, farm labors and development technicians.

Latest agronomy, genetically modified plants, chemical-like Pesticides, and fertilizers have sped-up and increased production. It seems a boon from a farmer’s point of view, but it is causing deadly diseases such as Cancer to the people who consume it. Cargill, a Minneapolis based company is one of the renowned companies in the Agricultural industry.

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