The rapid changes in manufacturing technology and globalization of markets have constantly pushed multinational firms to introduce new and better products in order to maintain competitive strength. Most companies today adopt computer-aided design, engineering, and manufacturing (CAD/CAE/CAM) to accelerate the product development process (PDP) and enhance productivity. Companies must integrate research and development, manufacturing, and marketing in a cost-effective manner to deliver products that meet the demands of customers worldwide. This paper presents a market-driven product development process (PDP) which has been integrated from both theoretical models and applied models currently in use in different countries by major corporations such as General Motors, Ford, Exxon, Xerox, etc. This integrated market-driven PDP has five major stages: customer input, conceptual design, detailed design, manufacturing process and production, and sales and distribution. Our discussion outlines the essential features of these five stages and describes specific techniques for implementing them. A successful PDP will likely consist of these five stages but must be tailored to meet the unique requirements of each company.