Question: if there's a product that we are developing which is an indoor LED grow light with an integration of smart tech: AI and IoT. we
if there's a product that we are developing which is an indoor LED grow light with an integration of smart tech: AI and IoT. we are focusing on affordability and targeting towards underserved farmers small scale whereas competitors focus on large scale farmerscommercial companies. what would be the industry analysis. also what does the market look like in Asia Pacific region. who are the top competitors and other competitors in this region. if we are pivoting towards India, what would be the top competitors in this region. Key questions to consider about competitors:
Current Solutions:
In what alternative ways are your target customers
solving the problem?
Rivals Strategy:
How does each competitortry to win customers?
What is their gotomarket strategy Ps
Product Details:
How does each of your competitors product or
service work exactly?
Product Weaknesses:
Is your competitor's product somehow inadequate?
Does it leave the Target Markets underserved? If so
how and why?
Current and Future:
Who are your competitors right now? Who are your
potential competitors in the future?
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