Explain the term Time to prototype market, what is its significance in product development?

•It is a time laps between the construction of the product and the time at which product is ready for selling.

•The commercial embedded product market is highly competitive and time to market the product is a critical factor in the success of commercial embedded product.

•There may be multiple players in the embedded industry who develop products of the same category.

•If you come up with a new design and if it takes long time to develop and market it, the competitor product may take advantage of it with their product.

•In embedded technology is one where rapid technology change is happening.

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