ug3ds-logo

Product development, also called new product management, is a series of steps that includes the conceptualization, design, development and marketing of newly created or newly rebranded goods or services. The objective of product development is to cultivate, maintain and increase a company's market share by satisfying a consumer demand. Not every product will appeal to every customer or client base, so defining the target market for a product is a critical component that must take place early in the product development process. Quantitative market research should be conducted at all phases of the design process, including before the product or service is conceived, while the product is being designed and after the product has been launched.

Product development frameworks

  • Identification of design criteria
  • Idea analysis
  • Concept genesis
  • Prototyping
  • Product development

Eight stages of new product development

  • Idea generation
  • Idea screening
  • Concept development and testing
  • Market strategy/business analysis
  • Feasibility analysis/study
  • Product technical design/Product development
  • Test marketing, or market testing
  • Market entry/commercialization

10M +

Parts 3D Printed

10 +

3D Printing Technologies

70 +

Materials and Finishings

130 +

Countries Shipped

1M +

Customers Served

Happy Customers

create account

get started absolutely free

  • No Credit Card Required
  • 100% Match Deposit Bonus
  • Monthly Free Files
  • Daily Newsletter
register now
  • acl
  • aodh
  • scatter
  • acl
  • aodh
  • scatter