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Hypersonic Flight Market to Reach $1.3 Billion, Globally, by 2033 at 5.7% CAGR: Allied Market Research

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PORTLAND, Ore., July 30, 2024 /PRNewswire/ —  Allied Market Research published a report, titled, “Hypersonic Flight Market by Industry (Military, Space, and Commercial), Vehicle Type (Hypersonic Aircraft, and Hypersonic Spacecraft), and Range (Propulsion, Aerostructure, and Avionics): Global Opportunity Analysis and Industry Forecast, 2024-2033″.  According to the report, the hypersonic flight market was valued at $786.0 million in 2023, and is estimated to reach $1.3 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.

Prime Determinants of Growth 

Breakthroughs in materials science, propulsion systems, aerodynamics, and thermal management drive the development of hypersonic flight technology. Continued innovation and R&D efforts enable more reliable, efficient, and cost-effective hypersonic solutions, spurring market growth. Furthermore, the increasing emphasis on hypersonic weapons and surveillance systems by defense agencies worldwide fuels demand in the military sector. Hypersonic capabilities offer strategic advantages, including rapid strike capabilities, improved deterrence, and enhanced reconnaissance, driving investment and market growth.

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The potential for hypersonic passenger travel, space tourism, and commercial satellite launches presents lucrative opportunities for aerospace companies. The pursuit of faster, more efficient transportation solutions and the expansion of space exploration initiatives contribute to market expansion. In addition, adequate funding and investment in hypersonic research, development, and manufacturing are essential for market growth. Government funding, defense budgets, private investments, and venture capital support critical initiatives, fostering innovation and commercialization efforts in the hypersonic flight market. 

Report Coverage & Details:

Report Coverage 

Details 

Forecast Period 

2024–2033

Base Year 

2023

Market Size in 2022 

$786 million 

Market Size in 2032 

$1, 346.61 million 

CAGR 

5.7 %

No. of Pages in Report 

488

Segments Covered 

Industry, Vehicle Type, Range, and Region 

Drivers  

Rise in demand for military and defense application 

Technological advancement 

Commercial and Space Travel 

Opportunities 

Space Tourism 

Restraint

Technical Challenges 

High Cost 

 

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Segment Highlights

The space segment is expected to witness rapid growth throughout the forecast period.

The space segment is anticipated to experience faster growth in the hypersonic flight market due to technology, which is essential for space exploration, satellite deployment, and access to space. Vehicles capable of hypersonic speeds enable rapid ascent to orbit, reducing launch costs and increasing efficiency in satellite deployment and space missions. As space exploration initiatives expand, the demand for hypersonic flight technology witnesses growth, thereby driving market dominance in the space segment.

The hypersonic spacecraft segment is expected to witness rapid growth throughout the forecast period.

The hypersonic spacecraft segment is anticipated to experience faster growth in the hypersonic flight market due to hypersonic spacecraft being used extensively for satellite launch services. These spacecrafts can rapidly transport payloads to orbit, offering advantages such as reduced launch costs, increased launch frequency, and greater flexibility in launch scheduling. As the demand for satellite-based services continues to grow, including communication, navigation, Earth observation, and remote sensing, the need for efficient and reliable satellite launch solutions drives market dominance in the hypersonic spacecraft segment. 

The propulsion segment is expected to witness rapid growth throughout the forecast period.

The propulsion segment is anticipated to experience faster growth in the hypersonic flight market due to propulsion systems being fundamental to achieving and maintaining hypersonic speeds. These systems provide the thrust necessary to overcome aerodynamic drag and propel hypersonic vehicles through the atmosphere. As such, propulsion technologies play a central role in enabling hypersonic flight, making them indispensable components of hypersonic systems. 

Asia-Pacific to maintain its dominance by 2032.

Asia-Pacific is expected to maintain its dominance in the hypersonic flight market by 2032 owing to Asian countries, particularly China and India, having made significant strides in hypersonic technology research and development. This includes advancements in propulsion systems, materials science, and aerodynamics, driving innovation and accelerating the pace of hypersonic flight development in the region.

Key Players

Lockheed Martin CorporationNorthrop Grumman CorporationBoeing CompanyRaytheon Technologies CorporationBAE Systems plcAerojet Rocketdyne Holdings, Inc.Thales GroupMitsubishi Heavy Industries, Ltd.Saab ABReaction Engines Limited

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The report provides a detailed analysis of these key players in the global hypersonic flight market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Development

In August 2021, Hermeus received an investment worth $60 million for the development of hypersonic military aircraftIn April 2023, Hypersonic partnered with launch provider Rocket lab for initial hypersonic test vehicle launch. This partnership leverages Rocket Lab’s expertise in orbital launches and Hypersonic’s advanced aerospace technology, aiming to demonstrate the capabilities of the hypersonic vehicle.In August 2023, Hypersonix Launch Systems partnered with Kratos Defense & Security to deliver hypersonic drone platform to the U.S. market. This partnership integrates the advanced hypersonic capabilities of Hypersonix with the solid rocket motor technology from Kratos’ Zeus family.In August 2022, Kratos Defense and Security Solutions partnered with Australia’s Hypersonix to integrate their hypersonic vehicle and propulsion systems, aiming to expand their presence in the U.S. national security market.In March 2024, the U.S. Air Force recently conducted the final test of Lockheed’s hypersonic missile, marking a crucial milestone in the development of advanced hypersonic weapons technology.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Productsup launches a new program, Productsup Connect, empowering businesses to build their own integrations for full data control

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Productsup Connect provides businesses with resources to gain complete autonomy in managing product data across the commerce landscape

BERLIN, Sept. 30, 2024 /PRNewswire-PRWeb/ — Productsup, a Product-to-Consumer (P2C) software company, today announced the launch of its new developer program, Productsup Connect. The program offers businesses a comprehensive suite of tools to build, customize, and scale their own integrations within the Productsup P2C platform. By enrolling in the program, customers gain complete autonomy in managing their product data workflows to meet the rapidly evolving standards of today’s digital commerce landscape.

“Modern commerce requires businesses to be agile, responsive, and innovative in how they handle their product data,” said Boris Penck, CTO of Productsup. “With Productsup Connect, we’re giving companies the ability to build custom solutions that not only meet their current business needs but also empower them to scale as they grow. It’s about giving them the freedom and flexibility to take full control of their data, with the confidence that they have the right tools and support to succeed.”

Developers enrolled in Productsup Connect gain access to the resources required to efficiently import, manipulate, and syndicate product content across multiple channels.

Key benefits of Productsup Connect include:

Full data control: Build integrations to seamlessly import and manage product data on the Productsup platform, ensuring complete autonomy over business operations.Custom export channels: Create new export channels to syndicate data to various platforms, driving growth and expanding market reach.Faster time-to-market: Reduce integration development time, enabling faster deployment and quicker response to market changes.Cost efficiency: Eliminate third-party dependency by empowering internal teams or System Integrators to develop integrations, saving both time and money.Scalability: Easily scale data integrations to align with business growth.Expert support: Access comprehensive documentation and receive ongoing expert support to ensure smooth integration development and deployment.

“Today’s consumers demand highly contextualized product information to make informed purchasing decisions, and keeping up with changing standards across various sales channels can be both time-consuming and expensive,” said Vincent Peters, CEO at Productsup. “At Productsup, we aim to simplify this complexity, empowering companies to create and deliver perfect product content to any channel or target consumer worldwide.”
For businesses without in-house development resources, Productsup offers easy access to its network of expert System Integrators who can deliver custom solutions through the Productsup Connect program.

Get in touch with the Productsup team to learn more about how to get started with Productsup Connect at http://www.productsup.com/contact-us.

About Productsup
Productsup enables global companies to create perfect product content journeys for every channel and target consumer worldwide. Processing over two trillion products a month, the highly scalable Product-to-Consumer (P2C) platform is equipped for the most sophisticated enterprise customers, helping them overcome commerce complexity to create consistent product, brand, and service experiences. Founded in 2010 and headquartered in Berlin, Productsup works with over 1,000 brands, including Sephora, Beiersdorf, Redbubble, and ALDI.
http://www.productsup.com

Media Contact

Alyssa Velez, Productsup, 219-765-6347, productsup@walkersands.com, www.productsup.com

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SOURCE Productsup

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oneZero SECUREs double win in Euromoney FX Awards 2024

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Awarded The World’s Best FX Technology Provider and The World’s Best Technology Provider for FX Liquidity

BOSTON, Sept. 30, 2024 /CNW/ — oneZero, a global leader in multi-asset enterprise trading technology solutions, is pleased to announce that it has won two prestigious Euromoney Awards: The World’s Best FX Technology Provider and The World’s Best Technology Provider for FX Liquidity.

For over 44 years Euromoney’s surveys and awards have set the global benchmark for FX excellence, as the most comprehensive representation of the wholesale FX market. The award entries are judged by a panel of global experts representing banks, providers and buy side corporations looking for robust examples of excellence and innovation in the market.

oneZero was founded in Cambridge, Massachusetts, in 2009 to deliver intelligent trading technology outcomes for all market participants. Today, oneZero is relied upon by hundreds of brokers, banks and buy-side market participants globally for price distribution, risk management, aggregation and data analytics. In recent years, oneZero, which has historically been the de facto provider of solutions for FX and OTC brokerages globally, has been making waves as it unveiled a solution for regional banks that addresses significant market demand for innovation in pricing derivative FX contracts and introducing data and AI to trading workflows.

Commenting on oneZero being named The World’s Best FX Technology Provider, Andrew Ralich, CEO and Co-Founder of oneZero, said: “I’m deeply proud of our team’s achievements, recognized through this prestigious award. From launching oneZero’s RFQ UI and platform for SMEs, to advancing portfolio risk management, while leveraging our extensive historical data to elevate our world-class analytics, oneZero is driving innovation in the institutional FX technology market.”

Commenting on oneZero being named The World’s Best Technology Provider for FX Liquidity, Ralich said: “oneZero remains dedicated to expanding our liquidity-neutral EcoSystem on behalf of our clients. We’ve expanded bank integrations to include Forwards, NDFs and Swaps via RFQ. Our Algorithmic Trading Module further empowers clients with strategies to optimize their bank and non-bank LP relationships, while leveraging our best-in-class data and analytics.”

Last month, oneZero announced that it had made the Inc. 5000 of America’s fastest-growing private companies for the third consecutive year.

About oneZero

oneZero has been a leading innovator in multi-asset class enterprise trading technology since 2009. Powerful software designed to provide intelligent performance combines oneZero’s Hub, EcoSystem and Data Source in an award-winning solution for execution, distribution and actionable analytics. oneZero delivers robust and scalable connectivity, infrastructure and market access, to empower banks,  brokers and investors to compete effectively in financial markets through globally compliant, liquidity-neutral solutions. oneZero is certified to the standards of ISO 27001 information security management systems, and provides 24/7 development and operations support in Asia, Australia, Europe and North America. In August 2023, oneZero made the Inc. 5000 list of America’s fastest-growing private companies for the second consecutive year.

For more information, please contact:

Talia Geberovich
Head of Marketing and Communications
tgeberovich@onezero.com

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SOURCE oneZero Financial Systems

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Xiaohongshu and VOGUE Business Redefine Home Aesthetics During Milan Fashion Week

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MILAN, Sept. 30, 2024 /PRNewswire/ — At the recent Milan Fashion Week, the world’s premier fashion showcase, a wave of new trends emerged, notably in the realm of home decor. Here, fashion and home furnishings merged seamlessly, signaling a novel trend. Xiaohongshu, in collaboration with VOGUE Business, hosted the VOGUE Business Milan Digital Summit themed “The Digital Silk Road: Pioneering the Future of Luxury Lifestyles” during the week. Mr. Shawn Li, General Manager of Commercial Durable Goods Business Group at Xiaohongshu, was one of the speakers on the “Tapping Lifestyle Trends: The Micro-Cultures Driving Engagement” panel. The summit, which explored the evolving concept of home living, provided profound insights into the changing lifestyles and preferences of today’s youth in China. It introduced innovative ideas and trends that are reshaping how young people envision their living spaces, offering avant-garde perspectives for brands on consumer engagement. The event also sparked a new discourse on aesthetics in home and lifestyle, creating a confluence of fashion, art, and daily living.

Xiaohongshu: A Go-to Social Media Platform for Tens of Millions of Users Finding Home Inspiration

Aligning perfectly with Xiaohongshu’s human-centric values, consumers are increasingly seeking harmony between their home environments and personal lifestyles. As a lifestyle community beloved by youth, the social media platform excels in understanding people’s needs, gaining insights into emerging consumer scenarios and industry trends in China. According to Xiaohongshu Research, as of Q2 2024, with a monthly active user base of 300 million, nearly 65% of whom are passionate about home life.

The shift has revitalized the home furnishing sector. Data from the Xiaohongshu Research shows a remarkable surge in home decoration and furnishings content over the last three years. Searches have soared by 450% from January to September 2022 to the same period in 2024. According to Nielsen’s report released in September 2024, about 89% of users prefer searching on Xiaohongshu for product reviews and user experiences before purchasing home appliances and furnishings. Xiaohongshu Research also indicates that Italian high-end brands like Natuzzi are experiencing significant market potential on the platform, with over 500,000 monthly searches, attracting numerous potential buyers.

During the summit, Shawn Li analyzed the diverse trends in the home furnishing sector from a human-centric perspective. By examining user demographics, preferences, and lifestyles, Shawn Li identified four demographic groups: Nomadic Youth, Nesting Youth, All-Rounders, and Home Curators. Emphasizing the “People – Needs – Scenarios – Trends” framework, Shawn Li highlighted Xiaohongshu’s role in helping brands understand their audiences, discover innovative marketing solutions, and outperform competitors.

Xiaohongshu’s Role in Shaping Home Furnishing Trends

In recent years, the flow of home furnishing fashion trends has shifted significantly. Previously, trends were dictated top-down, starting with designers and trendsetters, then trickling down to major brands and eventually reaching consumers. Now, this dynamic has reversed, with consumer behavior driving the trends. Xiaohongshu has been instrumental in the shift, creating a platform that encourages shoppers to express their personal styles, preferences, and lifestyles—effectively advocating for their preferred living environments. Each search, share, comment, and collect of posts on Xiaohongshu reflects the genuine needs of Chinese shoppers, fostering new trends in home furnishings in China that lead to industry innovations.

In September, Xiaohongshu unveiled its latest Annual Home Lifestyle Report. This analysis of community content and user search preferences highlighted eight new home ideas popular among Chinese youth. Focused on human-centric themes, the report emphasized vibrant life scenarios, emotional expression, and attitudinal resonance, enriching insights with warmth and energy. It shows that consumers are keen to reshape residential aesthetics with innovative furnishings and redefine family dynamics through thoughtful design, pushing the boundaries of traditional home spaces. Notably, the approach to incorporating hobbies into home design has evolved from merely finding storage solutions to creating spaces specifically designed around those hobbies. Consequently, more Chinese individuals are establishing specialized home studios dedicated to their passions.

Brand Strategy on Xiaohongshu Shifts: Witnessing Renewing Marketing in Home Furnishings

However, in the home furnishing industry, brands have formed unique business models and product structures due to domain and product differences, leading to distinct consumer decision-making processes. Based on Xiaohongshu’s research on Chinese consumer and business characteristics, brand marketing should start with the overall product structure, deeply understand consumer needs, and tailor strategies to specific category characteristics. For example, in major appliances, furniture, building materials, and daily home supplies, product structures span multiple related categories. Consequently, Xiaohongshu recommends that brands adopt a matrix-style product selection strategy on the platform, crafting content that aligns with consumer preferences and life scenarios. This approach aims to enhance category penetration and captivate consumer attention.

Data shows that the Gross Merchandise Volume (GMV) growth rate of the top 1,000 Single Product Units (SPUs) gaining traction on Xiaohongshu exceeds the overall market growth rate, highlighting the social platform’s refined strategies that can help brands achieve overall success.

The home furnishing industry is on the brink of significant market growth, and Xiaohongshu, the source of lifestyle inspirations in shaping Chinese youth’s living spaces, provides an optimal community for brands looking to expand their influence. Looking ahead, the social platform plans to leverage its extensive expertise in user insights and brand management to drive innovative marketing strategies within the home furnishing sector.

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