An "industry leader" refers to a company or individual that holds a dominant position within a specific sector or market. This status is often achieved through innovation, high-quality products or services, and effective business strategies. Industry leaders typically set trends and standards that others in the field strive to follow. Being an industry leader can also involve significant market share, strong brand recognition, and a reputation for excellence. Companies like Apple in technology or Coca-Cola in beverages are examples of industry leaders that influence their respective markets and drive competition among other businesses.