Overview
Your new product will target a wide commercial user market. Its design will include at least three different models addressing selected segments of the market. (Note: The four basic types of market segmentation are: 1. Demographic Segmentation 2. Psychographic Segmentation 3. Geographic Segmentation 4. Behavioral Segmentation) See the articles below to learn about market segmentation:
https://www.yieldify.com/blog/types-of-market-segm...
https://www.universitylabpartners.org/blog/key-typ...
https://www.similarweb.com/corp/blog/research/mark...
There are currently no major competitors for your radically new, improved conceptual
design. However, it is estimated that you must have your product in the marketplace within 32 months to gain a large share of US and international sales. Your team needs to conduct i. Requirement analysis ii. Design analysis iii. Functional analysis iv. Design for manufacturing and assembly v. Design for usability
https://www.yieldify.com/blog/types-of-market-segm...