This product development timeline illustration depicts a six-stage plan for taking a product from the initial concept to the final market launch. This procedure aids in task breakdown and cross-departmental collaboration. Product development is an exciting and challenging endeavor. No two product launches are the same, from initial concept to research and prototyping. There is, however, a general process that can assist you in getting started with the product development process. The product development process outlines the six steps required to bring a product from concept to market launch. This includes identifying a market need, researching the competition, ideating a solution, developing a product roadmap, and building a minimum viable product (MVP).