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Product Development

5 Phases of Product Development Process [2022]

The new product development process usually starts with Idea Generation.
There are 5 phases of product development process in the initial phase of product development where the new and innovative ideas are generated only to go through screening and concept development before reaching the final stage of product introduction in the market.

5 Phases of Product Development Process - GID Company

Steps of Product Development

As most entrepreneurs and business owners may know, new product development is indeed a significant process that small as well as large enterprises go through for their survival and expansion.  The business environment becomes competitive by the day, and everyone has to adopt new strategies and ways to keep up with the market trends. From product conception to product launch in the market, everything comes under the new product development cycle or process. To make the product development process simpler, we have enlisted here the five phases of the product development process a business or individual needs for new product development.

Idea Generation

Idea Generation

In this first stage of the new product development process, the businesses will define and clear new and innovative ideas regarding the product. Some of the crucial sources of idea generation come directly or indirectly from business owners, customers, competitors, journals, etc. The ideation sources may vary depending on the business models and hence, the product concept or idea must be well defined before the beginning of actual product development. The ideas generated during this phase of the product development process will act as an important pillar for the entire product development cycle.  

Screening

Screening

Once you have the list of ideas generated based on the customer and competitor analysis, you have to go through screening, the second phase of product development. The main purpose of the screening phase is to filter out or churn down the product ideas to the appropriate and viable ones. Also, it will be essential to take opinions from employees, relevant businesses, and of course, customers in order to avoid costly and expensive options. At the end of the screening product development phase, your business will have a few product ideas that are reliable and feasible from the large pool of ideas.

Concept Development

Concept Development

Concept development is considered to be the third stage of the product development process which involves some research and analysis of potential costs, revenue, and approximate profit to be generated within a specific time period after launching the product. Utilizing the SWOT analysis, the firm will be successful in finding out the strengths, weaknesses, threats, and new opportunities in the global or local market. Defining the market through important market segmentation, the firm will set out to identify the product niche which affects most decisions. 

Product Development

Product Development

During this phase of the product development process, the expert and experienced product developers, designers, and engineers will work on the finalized product design to develop a new product from scratch. The product will be manufactured on precise and detailed information and instruction in such a way that it fulfills all customer needs and requirements. After the analysis of a market-ready product, the business owner will be asked whether to go for large-scale product manufacturing or small-scale production.

Commercialization

Commercialization

The new product development process starts with idea generation and ends with product commercialization or product launching – the last phase of the product development process. In this phase of product development, the business owner or entrepreneur will begin the promotion of products through effective and essential marketing campaigns. Based on the concept development research and data, the location, timing, and potential customers will be defined for the product introduction in the market.

Frequently Asked Questions

What are the 5 stages of the new product development process?

The five stages of the product development process include,

  • Idea Generation
  • Screening
  • Concept Development
  • Product Development
  • Commercialization

Additionally, there are several other sub-phases of new product development depending on the product or business.

The new product development process usually starts with ________.?

Idea generation or product ideation is the first or beginning stage of new product development in which the new, unique, and innovative ideas are listed out based on the analysis of customers and competitors.

What is the first stage of new product development?

As stated earlier, you can consider Idea Generation as the first stage for new product development. Whether you want to design a new product or if you want to develop a product from scratch, the process begins with generating product ideas or concepts.

How much does it cost for the new product development process?

The cost estimation for new product development depends on various factors such as the type and category of product you want to develop for your business or organization. Feel free to get a free quote by calling us at +1714-323-1052 or Contact Us.

What is the final phase of the product development cycle?

Product commercialization or launching in the market is the last or final phase of product development in which the business will launch promotional campaigns for new products.

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Product Development

Why New Product Development Is Important?

Well, new product development is what most entrepreneurs and business owners have been searching for. If you have a new, unique, and innovative idea about building a helpful and useful product then you need a professional product development company such as GID Company.

From product prototyping to launching a market-ready product in the market, our well-versed and skilled professionals can help your business grow rapidly.

There are hundreds of things one should consider when it comes to learning about the importance of new product development. But as a business owner or entrepreneur, one needs to think carefully about investing their time and fortune. That’s where our product development company steps into.

Turn your innovative and excellent ideas into reality with our product development company in California. Having more than 2 decades of experience and expertise in providing exceptional services related to new product development, GID Company has such a strong and powerful bond of trust among its clients and customers. If you want to grow your business and reach new heights of success, then knowing about the importance of new product development can open many new opportunities for you and your business. Not only does it help to create brand awareness among the market but also there will be a wide audience your business or product can reach over time. Want to learn more about how product development works? Click Here.

What is new product development?

Basically, new product development is the overall process with several important and essential designing and developing steps or phases to shape a unique, robust, and excellent product from scratch. Being a leading product development company in California, GID Company has a team of highly experienced and certified product engineers who can make your product concept work. Our product developers can guide you through the entire process of new product development after understanding your vision or product idea. It will be possible for you to develop a successful product with the help of our product development experts.

Our well-planned and goal-oriented approach to product development leads our product development firm and our clients to a better future. We offer premium quality services when it comes to new product development. Some of our product development services include,

  • Product Ideation
  • Concept Development
  • Product Design and Development
  • Product Prototype Development
  • Product Testing and Launching

Contact GID Company To Know The Importance of New Product Development

GID Company is one of the most trusted and renowned product development companies in the USA. If you have a brilliant product idea and if you want to turn that product idea into reality then you should make sure to give us a call at +1714-323-1052. Our product development experts and professionals will be more than happy to answer all your queries and questions related to new product development. Contact Us to schedule a free consultation with us and clear all the doubts in your mind before moving forward to develop a successful product. For regular updates about product development, please follow our social media handles – Facebook, LinkedIn, Twitter, and YouTube

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Product Development

The Costs Involved in Taking a New Product to the Market

When it comes to realizing a new product idea into the physical form, many entrepreneur inventors underestimate various costs that are involved. These inventors underrate not only the product development costs but most of the other vital costs as well.

Underestimating the costs is especially true for medical device products. Inventors should never make the mistake of misjudging various costs, as it can hinder their success. Rather, they should learn and know all the different types of costs involved in bringing a new medical device product into the market.

Remember, the total cost to take a new product from just a mere concept to a mass-manufactured product widely varies. If it is a complex product, the total costs may reach to a hefty figure. Anyway, let us look at some of the most common costs that are involved when it comes to realizing a new medical device product into a physical form and taking it to the market.

Product Design Costs

The conceived product idea needs to be elaborated, and product design helps in this regard. Rough, hand-drawn sketches are carefully drawn into proper drawings by the professionals. These drawings are then elucidated even more using computer applications, like CATIA, SOLIDWORKS, etc.

While creating the drawings or 3D models using a computer application, many changes are also made and tested in order to achieve a definitive and feasible product design. Making professional drawings and computer-generated 3D models requires experience and skills, and it costs a reasonable amount of money. The computer application itself, by the way, will cost a substantial amount of money.

Product Prototyping Costs

Every new product idea needs a prototype. Based on the definitive product design, a product prototype can be made. A product prototype gives the clear understanding of how the conceived product will physically look, feel and function. At the same time, a product prototype helps test the conceived product, eliminate any defects, and enhance certain functions.

Product prototype development is a complex task as it involves creating near perfect examples of the final product. It is arduous and intellectually challenging job. It will cost a substantial amount to develop definitive product prototypes.

Product Development Costs

Based on the product prototype, the final product is developed. Since it is a medical device product, the product development costs can be broken down into (normally) three groups: the mechanical, the electronic, and the plastic.

While the mechanical and electronic do all the magic, the plastic is responsible for holding the product together. Sometimes, instead of plastic, other materials may be used, but plastic is the most common, versatile, and economical material of choice.

Normally, the mechanical and electronic will be the most difficult and expensive to develop, and they will share a big proportion of the product development costs. The plastic parts or components will, comparatively, cost less to develop.

Copyright, Licensing & Certification Costs

While the normal copyright and licensing costs may not be exorbitant, the fees that inventors have to pay, if they hire professionals, are something worth considering.

For novice inventors, the process of acquiring the copyright and other licenses may seem overwhelming. At the same time, in order to protect the invention, acquiring the copyright and licenses is essential. For that reason, inventors may need to hire professionals who would help obtain the necessary copyright and licenses. These professionals will charge fees that are worth considering.

For medical device products, inventors need to obtain certain certifications from the US Food and Drug Administration (FDA). Acquiring these certifications will also cost some money.

Production Setup Costs

Inventors need to set up production facilities in order to mass manufacture the conceived product. Establishing a production facility is no easy feat, and it requires a considerable amount of capital.

Since it is a medical device product, hybrid production facility, which can mass manufacture and assemble mechanical, electronic, and plastic components, needs to be set up. Further, because it is a medical device product, the facility also needs to have a sterile environment. Forming such a facility will cost a massive amount of money.

The inventors, of course, have the option to partner with existing manufacturers, but that will also cost – not as much as establishing own facility, but a significant, nevertheless.

Well, these are just some of the common costs involved in materializing a new medical device product into a physical form and taking it to the market. Other costs such as branding, packaging, logistics, marketing, and so on are also involved.

If you are an inventor and need help in realizing a new medical device product and taking it to the market, then GID Development Corporation can help. A product development company in California, GID Development Corporation specializes in new product design, product prototyping, product development, plastic product manufacturing, and other product fulfillment services.

Whether it is medical device product development, electromechanical product development, sports product development, generic or special-purpose product development, GID Development Corporation will surely “GET IT DONE!”

Want to learn more about the professional product development company in California, GID Development Company? Just visit https://www.gidcompany.com/.

A FREE 15-minute telephonic consultation is available! Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Product Development

How to Take Your New Product with Electronics to the Market?

So you have a novel idea for a new product with electronics? How would you realize your product idea and take it to the market? Well, develop a product prototype, get it bulk-manufactured, and start selling! It sounds very simple, isn’t it?

The reality: nothing is simple or easy about introducing a new product into the market. And, it is even more challenging and arduous when it comes to introducing a complex product, like a new product with electronics, to the market.

Most budding innovators have the false impression that they can take a new product from concept to consumers in a short time, like within a year. That is not true for most products – even untrue for simple products.

Taking a new product with electronics to the market is expensive. Most innovators and startups do not have enough money or risk tolerance to create a definitive product in one step. If they, however, take several small steps, they can get success with their new product. Here is what an innovator or startup should do in order to realize their product and take it to the market.

Validate the Product Concept

In order to prove your product concept, the best thing you can do is create a product prototype. You will need to have a functional prototype of your conceived product. While developing a prototype, ensure to keep the cost of development as low as possible. Since your conceived idea is for a product with electronics, you will need to use breadboards as well as certain electronic modules.

A breadboard helps create an electronic prototype without the need of a specific or definitive PCB (printed circuit board). A breadboard is generic and reusable, so you can create any circuit on it again and again. It is an excellent board for creating and experimenting electronic prototypes.

To create a prototype for a product with electronics, you can also use Arduino. Arduino is a popular electronic development kit, which helps create advanced prototypes for products with electronics. Arduino is a microcontroller-based kit, and the best thing about it is, it is very inexpensive.

Electronic modules are those components that are designed to perform specific functions. For instance, electronic modules may be used to execute functions like video capture, GPS, Bluetooth, and Wi-Fi among many others.

While a product prototype is not something that you can sell into the market, it is certainly the “Thing” that helps you prove, your conceived product idea actually works.

Validate that the Product Will Sell

In order to prove that your conceived product can actually be sold in the market, you will need to create a definitive prototype – a close substitute for the final product. This close substitute or definitive prototype needs to be produced in a small quantity so that they can be sent to the market for testing and getting valuable feedback.

Innovators will never know what the customers precisely want. They can assume, but will not know what the potential users actually want. The best way to know what the customers want, however, is with their feedback!

So to create a close substitute or definitive prototype for your product with electronics, you will need to look farther than electronic development kits (breadboards and Arduino). What you will need is actual printed circuit boards, specifically designed for your conceived product. On this PCB, you will need to integrate actual electronic components. This prototype should perform all the functions that are expected in the final product.

Unlike initial prototypes, creating definitive prototypes is challenging. Therefore, partnering with a product prototype development company that has experience with the development of products with electronics is a good idea. Such a product prototype development company has the knowledge in the field of electronics, and will help create definitive product prototypes that can be put on the market for testing and getting feedback.

Now the Profit

In order to make the profit, you need to create a perfect final product or an archetype, bulk manufacture it, and send the bulk-manufactured product to the market to the actual customers. An archetype of a conceived product is created after eliminating defects and improving certain functions based on feedback received on the definitive prototype.

Once the archetype is ready, the next step is to partner with a manufacturer. Since it is a product with electronics, it will need a plastic casing. Therefore, you need to partner with a unique plastic product manufacturer who not only specializes in plastic product manufacturing but also in handling electronics. If the unique plastic product manufacturer has the experience in helping take the bulk-manufactured products with electronics to the market, then it is an added advantage. Else, you will need to find professionals who can help bring your new product to the market.

If you have a unique idea for a new product with electronics and want to realize the product and bring it to the market, then professional help is available! GID Development Corporation, an eminent product design company in California, helps innovators in designing, prototyping, and developing a wide range of products, including products with electronics, electromechanical products, products with imbedded software, sports products, medical device products, and more. Aside from product design, product prototype development, and new product development, GID Development Corporation also specializes in plastic product manufacturing. With its plastic product manufacturing specialization, GID Development Corporation can help bulk manufacture a wide range of products. The professionals at GID Development Corporation also assist innovators to take their new products to the market.

To learn more about GID Development Corporation, a leading product design company in California, visit https://www.gidcompany.com/.

You can now have a free 15-minute telephonic conference with one of the professionals at GID Development Corporation. Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Product Design

The Importance of New Product Design – Manufacturing Cost Perspective

Introducing a new product into the market is a dream come true for every inventor. Introducing a new product, however, is not easy. While conceiving an idea and outlining it on a piece of paper might be simple, creating a new product from that idea is certainly a challenging task. New product development involves the creation of a constructive new product design, development of alpha and beta prototypes, testing of the prototypes, development of production tooling, mass-manufacturing of the new product, distribution of the new product, and many other crucial processes in between. Each new product development stage is vital, but in this blog, we will shed some light on new product design.

Like every other stage involved in new product development, the stage of new product design is very important. Because it comes in the early stages of new product development, understanding the product design stage demands a bit more attention. Besides, since it is one of the primary stages of new product development, the entire outcome depends on it; hence, more care is needed during this stage – the product design stage.

The success of any product heavily relies on its product design. Product design by definition can be said as, “a process of defining and creating constructive designs for a product, so as to ensure that the new product becomes successful in the market.” New product design addresses numerous things, however. For one, during the product design stage itself, the inventor can get a clear idea whether or not it is possible or feasible to create the new product. Another crucial thing the product design addresses to is the cost of manufacturing the conceived product. Most inventors, often overlook this “new product design and cost of manufacturing” aspect. In fact, some inventors do not even know what the effects of new product design are on the cost of manufacturing the final product.

Product design is not only defining and creating alluring designs for the new product, but it is also about crafting practical, functional, and cost-effective designs for the new product. Aspects such as, how many parts the new product will have, how compact or large the parts will be, what material(s) the parts will be made of, what process will be used in the production of those parts, and many others are also included in product design. After numerous brainstorming sessions, computer analysis results and mock-ups, a perfect new product design, or at least, a near-perfect new product design for a product is realized, which is beautiful, practical, functional, and most importantly, the one that facilitates economical mass-manufacturing.

Developing an efficient new product design is indeed an overwhelming task, and it might be impossible for inventors to develop such efficient designs on their own. Fortunately, there are professional product design companies, like the GID Development Corporation, that specifically deal with creating sensible new product designs and helping inventors develop successful new products at economical costs.

GID Development Corporation, an eminent new product design company in California, USA, has the experience, knowledge, tools and a team that help inventors with constructive product designs for their new product ideas. Utilizing cutting-edge technologies, like 3D EXPERIENCE Platform from Dassault Systèmes, which includes SOLIDWORKS, CATIA V6, and other apps, and their decades of experience, the veterans at GID Development Corporation create definitive product designs that are neat and functional as well as feasible and economical to mass-manufacture. Whether it is creating an efficient product design for electromechanical products, medical device products, products with imbedded software, products with electronics, or any other generic or special-purpose products, GID Development Corporation will “Get It Done!”

Some of the product design principles that GID Development Corporation follows include:

  1. Derive visually-appealing product design that is error-proof to assemble and easy to mass-manufacture with shortened product development cycle time
    • Determine and select cost-effective material(s) and production process
    • Attain a knowledge base of tooling requirements
    • Develop efficient production tooling
  2. Create a modular product design with minimized parts count
  3. Design parts with self-locating features
  4. Design parts with self-fastening features
  5. Emphasize “Top-Down” assemblies
  6. Design for a base part to locate other components
  7. Design for component symmetry for insertion

Adhering to all the above product design principles, and other ubiquitous as well as unique design principles, GID Development Corporation creates exceptional new product designs, which facilitate economical mass-manufacturing.

Along with new product design, GID Development Corporation also helps inventors with new product development, product prototype development, product prototype testing, product pre-tooling development, product mass-manufacturing, product branding, product distribution and many other product fulfillment services.

Learn more about new product design company in California, GID Development Corporation, by visiting https://www.gidcompany.com/.

Currently, GID Development Corporation is offering a free telephonic conference to help answer various product design and development-related questions that inventors may have. Anyone who is interested can just call Jim Grimes, one of the veterans at GID, at 714-323-1052 between 8:00 AM to 5:00 PM PST.

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Product Development

Steps in the New Product Development

New product development may seem as simple as forming an idea for a revolutionary product, manufacturing it, and putting it on the market, bringing it to the customers. Well, the reality is that new product development is a complex process, which involves contributions from many skilled individuals. New products should not only be useful inventions that can be mass manufactured and sold for profit, but they should also be safe to use, protected by intellectual property rights, and more importantly, be easily marketable.

Here are some steps, explained by GID Development Corporation, a product development company in California, USA, which are involved in new product development.

Germinating Ideas

The primary stage of a product development is coming up with a fantastic idea for a new groundbreaking product. Oftentimes, new products are introduced in the market by first recognizing a specific need in the market and then developing a product to satisfy that need. Sometimes, revolutionary product ideas also occur just by chance or an unusual incidence that triggers the concept in the mind of the innovator.

Researching Plausibility of the Idea

The next stage of the product development is finding out the plausibility of the idea. In other words, the innovator needs to find out the degree of acceptability, usability and the value of the conceived new product. Knowing how well the potential customers will receive the new product is vital. It prevents a lot of time, money, resources and efforts on the development of products that are worthless to the potential customers.

Concept Development

Development, or rather, enhancement of a concept is the essence of new product development. It includes, but not limited to getting a grip on the basics, such as market research, material selection, material costs, product design costs, prototype development cost, overall manufacturing costs, potential profit, target regions, target customers, and so on.

Actual New Product Development

Actual new product development is the stage where the conceived idea and all the researched and concept development data are amalgamated and put into action. A product development company starts with the creation of new product design, using researched data. After the creation of a definitive product design, the company moves on to the development of prototypes. Then, the prototypes are tested, and changes are made until an idealized new product is realized.

Bulk Manufacturing

After realizing an ideal new product from the conceived idea, the product is bulk manufactured. Usually, it is affordable to outsource bulk manufacturing. If the budget is not the constraint, your own production facility can also be set up to bulk manufacture the new product.

Commercialization

The commercialization stage of new product development involves packaging, branding, logistics, warehousing, as well as rolling out the advertising and marketing campaigns. In short, commercialization is a stage of bringing new products to the market and to the potential customers.

New product development is a complex, time-consuming, and arduous process. An innovator cannot tackle the new product development process on their own. Luckily, product development companies, like GID Development Corporation, are established that can help innovators with the entire product development process.

GID Development Corporation is an American product development company based in California. Utilizing their vast experience and the most advanced technologies, like Dassault Systèmes’ 3DEXPERIENCE platform, which includes product design and product development apps, such as CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, and more, the veterans at GID Development Corporation assist innovators in every stage of new product development. Whether it is the development of medical device products, mechanical products, electrical products, electromechanical products, products with imbedded software, or any other types of products, GID Development Corporation will always thrive.

To learn more about GID Development Corporation, visit https://www.gidcompany.com/.

GID Development Corporation is currently offering a free 15-minute telephonic consultation. Anyone who is interested should just call Mr. Jim Grimes, one of the pros at GID, at 714-323-1052 between 8:00 AM to 5:00 PM PST.