Case Studies
Client A U.S.-based Fortune 50 company in engineered fasteners and specialty products
Problem & Context The client partnered with SPA team to identify new markets for an innovative vapor trap developed for metal fusion area.
SPA Approach & Deliverables
  • A 2-member SPA team was formed to help the client identify potential new markets outside the metal fusion area.
  • SPA developed a unique methodology for identifying new application areas in which this technology can be utilized.
  • In order to understand the features of vapor trap device, several patents were critically analyzed.
  • Based on the understanding, searches for patent and scientific publication were conducted along with web searches.
  • Potential markets were identified based on applications outside of the client’s business area.
  • Provided a summary report comprising of SWOT analysis, market size and CAGR of identified new markets.
Turnaround time 3 – 4 weeks
Resources/ Cost
  • A mechanical engineer and a materials scientist
  • $12,000