Irans expansion of high-tech markets reveals a significant shift towards a knowledge-based economy. This is known as a system of consumption and production that is based on intellectual capital. In particular, it refers to the ability to capitalize on scientific discoveries and applied research.
The manufacturing and engineering of Iranian knowledge-based products have grown by leaps and bounds over the years. the enormity of these developments does not quite sink in until one visits the Iranian Production and knowledge-based Enterprises exhibition. Iran enjoys the necessary infrastructure to become a major exporter of knowledge-based products and services. Innovation based on research that is commodified via patents and other forms of intellectual property is what really drives the knowledge-based economy. Plus, knowledge-related industries represent a large share of the activity in national development. Activities in this field contribute around 3% to the national GDP and are worth roughly one billion dollars.