Trending Products 2018 – Where to Invest – LA NPDT

Servitization

Servitization is a new concept. It is a transformation. Where firms go an extra mile, to provide extra services for their products. A perfect example would be to buy insurance with a new car. Product developers need to add service lifecycles into the product design for this to work. The big and established multinationals will benefit more from this Trending Products 2018. So you need to keep up your pace with latest developments. So that you are not left behind. Also, keep an open-minded approach. And add value to your product.

Sustainability and responsibility

Over the years, consumer behavior has changed. Consumers are now also demanding responsibility in product design. Millennials are stepping up their game as the agents of product development change. They have taken product design approach beyond the basic question of “what problem do we need to solve”. They have gone a step further to ask “how it will positively impact the society”? and also what social responsibility can be taken on by the product’s functionality. This trend isn’t going away anytime soon. For a product design to be considered, certain social principles have to be met.

3d printing process

Earlier, 3D prototypes of a product were not very common because it was costly. Today, the 3d printing process is used for almost every internal product design. The 3d printing process has also revolutionized the product design industry. And with the continuous growth and improvement of the 3D printers, the possibilities are endless. A detailed study of the product design and development process shows several ways the 3d printing process can be used by manufacturers to improve performance, innovation, and growth. This trend has been growing rapidly and we can even expect it to also completely revolutionize the Trending Products 2018.

 Outsourcing

Outsourcing is also a term that is not very well understood by all. When most people hear “outsourcing”, shoddy work, missed deadlines and also lack of responsibility often comes to mind. But this isn’t always this case. Companies have also realized now that outsourcing is also a crucial part of product development. Especially if they also aim to remain competitive in their industry. This will also lead to the induction of modern trends in product design. Because they are also able to explore diverse opinions and ideas. Outsourcing different stages of the product development to trustworthy individuals is also crucial for the creation of a viable product.

So these are some of the trending products 2018. Keep your pace up with these trends. For more information, keep reading. You can also check other posts on our blogs.

Stay tuned to learn about marketing the existing product tips!