Robotics - Iran

Iran

Revenue in the Robotics market is projected to reach US$102.60m in 2024.
Service robotics dominates the market with a projected market volume of US$102.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -15.52%, resulting in a market volume of US$44.14m by 2029.
In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

For more information on the data displayed, use the info button right next to the box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Robotics market in Iran has seen a slow growth rate due to factors such as limited investment and lack of skilled labor. However, the increasing demand for automation and efficiency in both industrial and service sectors is expected to drive the market in the coming years. Additionally, the government's focus on promoting technology and innovation is also likely to contribute to the market's growth.

Customer preferences: In Iran, there is a growing interest in robotics as a means of addressing the country's economic and social challenges. This has led to a rise in demand for advanced robotics technologies, such as artificial intelligence and machine learning, to enhance efficiency and productivity in various industries. Additionally, there is a cultural emphasis on innovation and modernization, further driving the adoption of robotics in the market. Furthermore, with a large youth population and increasing urbanization, the demand for automated solutions is expected to continue to grow in the coming years.

Trends in the market: In Iran, the Robotics Market is experiencing a surge in the adoption of collaborative robots or "cobots" in various industries such as manufacturing, healthcare, and agriculture. These cobots are designed to work alongside humans, increasing efficiency and productivity while reducing workplace injuries. Additionally, there is a growing trend of using artificial intelligence and machine learning in robotics, allowing for more advanced and autonomous capabilities. This trajectory towards collaborative and intelligent robots has significant implications for industry stakeholders, as it can lead to increased competitiveness and cost-effectiveness. It also presents opportunities for further innovation and growth in the robotics market in Iran.

Local special circumstances: In Iran, the Robotics Market is thriving due to the country's strong focus on technology and innovation. The government has implemented policies to support the growth of the robotics industry, with initiatives such as the establishment of the Iran National Robotics Initiative. Additionally, Iran's geographical location and access to key resources, such as natural gas, have made it an attractive market for robotics companies. The country's unique cultural values, such as a strong emphasis on education and scientific advancement, also contribute to the growth of the robotics market in Iran. However, strict regulations and trade sanctions imposed by the US have posed challenges for the industry's growth, making it essential for companies to navigate these factors to succeed in the Iranian market.

Underlying macroeconomic factors: The Robotics Market in Iran is impacted by macroeconomic factors such as the country's economic stability, government policies, and investments in technological advancements. Iran is experiencing rapid economic growth and has a strong focus on developing its technology sector, which is driving the demand for robotics. Additionally, the government has implemented policies to encourage the adoption of automation and robotics in various industries, further boosting the market. However, economic sanctions and political instability may hinder the growth of the Robotics Market in Iran.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.