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Developing a Niche Product? Here’s How to Expand Into New Markets
Posted: January 23, 2020A strong business case can be made for creating a product designed for a single vertical. After all, serving a niche market allows companies to maintain a tight focus on specialized products aimed at an exclusive market demographic. But because these markets are small, the danger of rapid market saturation is increased. Furthermore, niche products can sometimes be especially challenging to differentiate from their competitors. This danger can be offset by design innovations, as well as expansion into new markets.
5 Criteria for Success in New Product Development
Posted: January 16, 2020Bringing a new product to market has a lot in common with constructing a new house. Building a home requires high levels of planning and coordination between general contractors and experienced framers, plumbers, painters, electricians, interior designers, and so forth. So too does new product development require high levels of planning and coordination between top management and their product design, development, manufacturing, distribution, and supply chain partners.
With 47 years of experience, we’ve crafted a working blueprint of what it takes to create award-winning innovations. Here's a brief overview of some of the key success criteria required for launching a new product.
3 Indispensable Practices for New Product Development
Posted: January 9, 2020Successfully launching a new product requires a design, development, and production partner with a proven track record, systematic methods, and a seamless end-to-end process. This includes everything from proof-of-concept to regulatory compliance to prototyping to production to distribution. At Pivot International, we know this firsthand, as we're behind multiple award-winning consumer and industrial products. As a global single-source partner, we help businesses create successful products and effectively scale in the Age of Industry 4.0.
New Advances Expand Industrial Touch Screen Opportunities
Posted: January 1, 2020Touch screens are exhibiting higher levels of performance and reliability at a lower cost. One reason for this is that indium tin oxide (ITO) is beginning to be replaced by newer materials.
One reason this change is occurring is due to the trend of integrating touch into the LCD panel, rather than manufacturing a clear touch screen overlay. This results in a thinner, lighter touch screen, with optical benefits as well.
Steady Growth in Worldwide IoT Market Continues to Drive Search for Global Product Engineering and Electronics Manufacturing Services
Posted: December 26, 2019Consumers around the world are embracing smart-home technology like never before. According to Business Insider, the number of intelligent home devices is predicted to reach 193 million by 2020. From washers and dryers to cameras and alarm systems, smart devices are making domestic spaces more convenient, efficient, and secure.
In this article, we shed light on IoT market growth and the resulting need for global product engineering and electronics manufacturing services.
3 Lessons Product Development Managers Can Learn From Apple
Posted: December 17, 2019When it comes to product development, Apple stands as the hallmark for innovation. This consumer electronics brand is synonymous with premium design and quality, and many of today's devices (from smartphones to tablets) are a tip-of-the-hat to Apple's industrial-design genius.
As much as we might like to take a deep dive into Apple's unique product development processes, the company is legendary for a level of secrecy to rival that of the intelligence community. And because Apple's groundbreaking design is chief among its market advantages, it's no wonder its latest innovations are kept under wraps.
4 Surprising Ways Parallel Prototyping Fuels New Product Development – Part 2
Posted: December 10, 2019Product development requires a concerted effort among your design team, but what approaches lend themselves to peak performance? This question was taken up by researchers at Stanford University in a study that found that the use of multiple prototypes is among best practices.
In the 2nd of this two-part series, we’ll continue to explore how parallel prototyping fuels new product development by fostering the following improvements ...
4 Surprising Ways Parallel Prototyping Fuels New Product Development
Posted: November 22, 2019How can product designers fuel new product development? This is a question explored in a Stanford University study which found that designers benefit from using multiple prototypes. Specifically, researchers found that creating and receiving feedback on various prototypes in parallel, as opposed to serially leads to several benefits.
How Top Manufacturing Companies Are Delivering the Factories of the Future, Today
Posted: November 13, 2019Factories that employ “lights-out manufacturing” are fully automated and can run without any human presence on site. Believe it or not, some factories have been operating this way for more than 15 years. Industry 4.0,” or what has been called the fourth industrial revolution, is making this kind of manufacturing more prevalent than ever. The following article explores some of the advances of Industry 4.0, and how the top manufacturing companies are delivering the factories of the future, today.
Electronics Manufacturing Facility-Maintenance: Leading Developments and Breaking Trends
Posted: November 7, 2019The electronics manufacturing industry has undergone many transformations over the last several years. But what has remained a constant is the importance of facility maintenance. Facility conditions such as air quality, temperature, humidity levels and so forth play a critical role in production processes and the success of end products.
