The significance of a technology roadmap in product development lies in its role as a strategic tool that outlines the vision, goals, and planned features of a product over time. It serves as a communication tool between stakeholders, aligning teams on product strategy and timelines. A roadmap helps prioritize development efforts and resource allocation based on market needs and technical feasibility. Furthermore, it allows companies to anticipate future challenges and opportunities, ensuring that their product remains competitive and relevant in a rapidly evolving technology landscape.