New product development

New product development (NPD) or product development in business and engineering covers the complete process of launching a new product to the market. Product development also includes the renewal of an existing product and introducing a product into a new market. A central aspect of NPD is product design.

Extends: Beginnings, Design, [Product development](https://wikipedia.org.ai/Product development), [Industrial design](https://wikipedia.org.ai/Industrial design), [Systems engineering](https://wikipedia.org.ai/Systems engineering)