Hello! Our team is working on a device called "blind band" the device would have a number of sensors which would help the visually impaired in guiding them the way by telling distance from nearest obstacles, change in path etc. Due to lack of time I haven't been able to research about our competitors So my question for you is Do we have any competitors in the market as of now? What can we do to make our product better than them in terms of technical aspect? Where do u think their product is lacking as per ur understanding? how can we stand out in the market? as you can see in the pic. I need data on last point which is competitive - analysis of the competition. pls do a bit of research and answer in 200 words Thank you

Key Areas for Assessing the Feasibility of a New Venture New Venture Technical-Feasibility analysis of product Market-Determination of market opportunities and risks Financial Analysis of financial feasibility and resources -Organizational Analysis of organizational capabilities and personnel requirements -Competitive Analysis of the competition Determination of Feasibility of Planned New Venture Idea