Product development is the process of creating a new product or service to be sold to customers. It can involve a variety of activities, from market research and product design to prototyping, patenting and testing.
The first step of product development is market research. This involves gathering data about customer needs, preferences, and trends. Once market research is completed, the product design phase begins. This involves designing the product and its features based on 3D CAD, PCB Engineering and It also includes determining the materials, components, and manufacturing processes that will be used to produce the product.
The next step is to create a prototype of the product. Prototypes are usually tested to identify any issues that need to be addressed. Once the prototype is approved, the mass production phase begins. Finally, the product is launched to the market. This involves marketing activities to generate awareness and interest in the product.