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"industrial espionage" is a correct and commonly used phrase in written English.
You can use it to refer to the practice of spying or gathering confidential information for the purpose of gaining a competitive advantage in the business sector. Example: The company was accused of engaging in industrial espionage by using illegal methods to obtain their competitor's trade secrets.
Dictionary
industrial espionage
noun
The use of clandestine methods to acquire secret information for commercial advantage.
Exact(60)
She was portrayed as an agent involved in industrial espionage, plotting against the country's nuclear industry.
Industrial espionage via computers is not new.
"Industrial espionage is one of them".
If true, that would amount to industrial espionage.
"Historically, the term has meant industrial espionage," he said.
This industrial espionage emanating from China, the C.E.O.
It is simply industrial espionage via malicious code.
Industrial espionage, identifying flaws in buildings, scoping out security positions.
Interception under this purpose is categorically not about industrial espionage".
This is a comedy about, ultimately, industrial espionage.
Their inconsiderate behavior does not justify your industrial espionage.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com