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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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Society of Robotic Surgery and Puma Venture Capital Announce Winners of SRS Shark Tank 2026

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Drive Medical claimed the top prize at the third annual SRS Shark Tank 2026, held during the Society of Robotic Surgery’s annual conference at the Diplomat Beach Resort in Hollywood, Florida. The event, a collaboration between SRS and Puma Venture Capital, once again showcased cutting-edge innovations in the digital and robotic surgery ecosystem and featured early-stage companies poised to transform minimally invasive care.

HOLLYWOOD, Fla., Sept. 5, 2026 /PRNewswire-PRWeb/ — Drive Medical claimed the top prize at the third annual SRS Shark Tank 2026, held during the Society of Robotic Surgery’s annual conference at the Diplomat Beach Resort in Hollywood, Florida. The event, a collaboration between SRS and Puma Venture Capital, once again showcased cutting-edge innovations in the digital and robotic surgery ecosystem and featured early-stage companies poised to transform minimally invasive care.

SRS Shark Tank 2026 featured presentations from nine innovative companies. Each had five minutes to pitch their technology and five minutes to engage in a Q&A session with a panel of esteemed judges, including top surgeons, investors, and medical device experts. Companies were evaluated on innovation, impact on healthcare, market potential, business model, and presentation.

Drive Medical earned the top honor for the Pollywog System, the first easy-to-use robotic endoscope integrated with artificial intelligence. The platform is designed to give physicians faster, safer access to the small bowel, allowing diagnosis and treatment to be completed in a single session rather than across multiple procedures.

DeepQure secured second place with HyperQure, the world’s first extravascular renal denervation system for resistant hypertension. Delivered laparoscopically, the device wraps the renal artery from the outside to achieve complete denervation while avoiding the vessel lining.

Microsure came in third with MUSA-3, a microsurgical robot that downscales and stabilizes a surgeon’s hand movements during open super-microsurgical procedures, including free flap, lymphatic, and peripheral nerve surgery. The system received CE mark approval earlier this year.

The strength of the 2026 field extended well beyond the podium: every one of the nine presenting companies was placed in the top three by at least one judge. Reveal Surgical presented optical imaging technology that characterizes tissue for tumor assessment during surgery, and Symphera demonstrated a laparoscopic system that lets surgeons switch instrument tips at the push of a button. Tioga Cardiovascular showed its transcatheter approach to mitral and tricuspid valve replacement.

CardioSentry presented an AI platform for autonomous cardiac ultrasound, and Nina Medical showcased a completely non-invasive treatment for benign prostatic hyperplasia. LITLab rounded out the slate with mobile, high-fidelity surgical training labs that travel to health systems and medtech companies to train clinical teams onsite. Together the group reflected an unusually broad and competitive slate, spanning robotics, imaging, structural heart, urology, and surgical education.

The 2026 judging panel included Steve Bell, Rob Morgan, Dr. Santiago Horgan, Dr. Erik B. Wilson, Scott Zinober, and Babak Tehranchi, and the event was co-chaired by Amit Hazan and Dr. Vipul Patel.

Participating companies included:

Microsure, Symphera, LITLab, Reveal Surgical, DeepQure, Drive Medical, Nina Medical, CardioSentry, and Tioga Cardiovascular.

About the Society of Robotic Surgery:

Founded in 2012, the Society of Robotic Surgery (SRS) is guided by the fundamental principles of education and collaboration as a means to tackle the complex issues of robotic surgery. The SRS’ membership includes more than 20,000 physicians of all disciplines from around the world whose mission is to share information related to multi-centric studies, database collection, fellowship training and funding support related to robotic surgery. The SRS is the only multi-specialty robotic surgery society in the world with an annual meeting that includes updates in more than a dozen medical sub-specialties along with state-of-the-art plenary sessions and hot topic courses.

About Puma Venture Capital:

Puma Venture Capital is an investment firm seeking to leverage its surgeon venture partners to invest in all aspects of physical intelligence across every medical procedure — to improve patient outcomes, lift labor productivity, and lower system costs.

Media Contact

Ryan Julison, Society of Robotic Surgery, 1 3213776877, ryanjulison@gmail.com

View original content:https://www.prweb.com/releases/society-of-robotic-surgery-and-puma-venture-capital-announce-winners-of-srs-shark-tank-2026-302869733.html

SOURCE Society of Robotic Surgery

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LG ELECTRONICS SHOWCASES COMPLETE PREMIUM RGB LINEUP WITH TÜV RHEINLAND CERTIFICATION FOR HIGH PURITY COLOR AT IFA 2026

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Powered by the α11 AI Processor, LG Micro RGB evo Sets a New Standard for High-Purity RGB Spectrum Display

News Summary:

LG Electronics showcases Micro RGB evo, an ultra-large LCD TV delivering high-purity RGB color performance, certified by TÜV Rheinland with its ‘High Purity RGB Spectrum Display’ certification, at IFA 2026.LG’s award-winning α11 AI Processor[1], recognized for enhancing picture and audio quality, is featured not only in flagship OLED models but also in Micro RGB evo.LG expands its RGB display lineup, now extending to Mini RGB evo models for a wider range of customer choice.

SEOUL, South Korea, Sept. 5, 2026 /PRNewswire/ — LG Electronics (LG) is showcasing LG Micro RGB evo (model MRGB95), a premium ultra-large-screen LCD TV featuring exceptional color purity, at IFA 2026, taking place in Berlin, Germany, from September 4-8. Leveraging LG’s proprietary Micro RGB technology and the α (Alpha) 11 AI Processor Gen3, the advanced TV delivers high-purity red, green, and blue separation, earning TÜV Rheinland’s High Purity RGB Spectrum Display certification.

Premium LCD Color with Independently Verified RGB Purity

LG Micro RGB evo and Mini RGB evo leverage LG’s proprietary high-purity RGB spectrum display technology, enhancing the purity of red, green and blue to deliver more natural and expressive color reproduction. Featuring clear color separation between red, green and blue colors and high purity of each color, the TVs deliver remarkably pure and lifelike colors.

This outstanding color performance has been independently certified by TÜV Rheinland, which has awarded its High Purity RGB Spectrum Display certification to LG’s Micro RGB evo MRGB95 and Mini RGB evo MRGB9M and MRGB85 models.[2]

Highlighting the significance of the certification, Hüseyin Derman, Regional Sales Manager of Products Europe at TÜV Rheinland, stated, “The TÜV Rheinland  certification confirms that LG’s Micro RGB evo has passed a rigorous evaluation of its capacity to deliver physically and optically high-purity colors by completely preventing the intermixing of RGB wavelengths.”

Award-winning AI Processing for Pure Color and Precise Contrast

At the heart of Micro RGB evo is the α11 AI Processor Gen3, LG’s most advanced smart TV processor and the same platform used in the company’s flagship OLED models. The processor’s Dual AI Engine analyzes texture and edge simultaneously to produce more cohesive and lifelike images across movies, shows and games.

Precision Color Enhancer, also enabled by the powerful α11 Gen3, preserves the purity of each primary color while enacting fine control over gradation and tonal transitions. Complementing this is Micro Dimming Ultra, which precisely manages brightness across thousands of dimming zones to reveal subtle detail in both deep shadows and bright highlights. These technologies, combined with the immense scale of the Micro RGB evo’s screen, create an immersive and impactful viewing experience.

As part of its premium LCD lineup strategy, LG offers the industry-leading level of color with the ultra-large Micro RGB evo, alongside the new Mini RGB evo. These TVs leverage LG’s unique light source technology to precisely implement red, green, and blue, earning the ‘High Purity RGB Spectrum Display’ certification from TÜV Rheinland and expanding consumer choice.

“LG Micro RGB evo brings together the exceptional color purity of our proprietary Micro RGB technology and the advanced intelligence of the α11 AI Processor Gen3 to deliver an ultra-large viewing experience like no other,” said Park Hyoung‑sei, president of the LG Media Entertainment Solution Company. “Its independently validated, high-purity RGB color performance reflects our dedication to setting new standards in premium LCD picture quality. By completing our RGB display lineup with Mini RGB evo, we are proud to broaden the range of high-performance choices available to our customers.”

LG Micro RGB evo will be on display at the LG booth in Hall 18 at Messe Berlin throughout IFA 2026.

[1] Tom’s Guide’s AI Awards 2026 Winner 
[2] LG RGB TVs have been certified as “High Purity RGB Spectrum Display” by TÜV Rheinland.

About LG Electronics Media Entertainment Solution Company

The LG Media Entertainment Solution Company (MS) is a recognized innovator in televisions, audio, displays and smart TV platforms. The MS Company enhances the media entertainment experience with its OLED TVs, renowned for perfect black and perfect color, the newest Micro RGB TVs and Mini-LED QNED TVs, all powered by the personalized webOS smart TV platform. The MS Company also offers Information Technology solutions (gaming monitors, business monitors, laptops, projectors, cloud devices and medical displays) as well as Signage solutions (Micro LED signage, digital signage, hospitality displays and signage software solutions) that are designed to maximize customers’ work efficiency and deliver strong value. For more news on LG, visit www.LG.com/global/newsroom/.

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Rally and the American Team Pickleball League Announce National Growth Partnership Focused on Team-based Pickleball

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Partnership pairs ATPL’s national affiliate network with Rally’s pickleball league management software to standardize team-based pickleball leagues across the country.

CHICAGO, Sept. 5, 2026 /PRNewswire-PRWeb/ — Rally and the American Team Pickleball League (ATPL) today announced a national growth partnership to expand standardized, team-based pickleball leagues across the United States. Rally’s pickleball league management software for league admins and pickleball league management app for players power several of the largest pickleball leagues in North America on a platform trusted for 28 years. Under the partnership, ATPL affiliates nationwide will run on that platform, and the two organizations will co-invest in marketing, onboarding, and league infrastructure to support ATPL’s national expansion.

“The American Team Pickleball League has spent years building the infrastructure, format, and community that make team pickleball work at a local level. Rally’s team pickleball app helps that model scale nationally.” — Ross Freedman, Founder and CEO, Rally

ATPL has built one of the fastest-growing team-based pickleball networks in the country, offering local affiliates a proven format, a structured competitive pathway, and a national championship. Rally acquired Pickleballscores in July 2026 as part of its acquisition of the Tenniscores platform, and brings modern technology, national marketing capabilities, and investment to fuel ATPL’s growth.

“ATPL has spent years building the infrastructure, format, and community that make team pickleball work at a local level. Rally’s team pickleball app helps that model scale nationally. Every new affiliate ATPL brings on strengthens the network for everyone in it.”

— Ross Freedman, Founder and CEO, Rally

“We’ve always believed team-based pickleball needed the same kind of national structure that tennis has had for decades. Partnering with Rally gives our affiliates a pickleball team app built for exactly that, and gives us the resources to bring more leagues into the fold.”

— Greg Mather, Founder, American Team Pickleball League

As part of the partnership, Rally will serve as the title sponsor for the ATPL National Championship. The event is scheduled for November 5-8, 2026, hosted at Pictona at Holly Hill in Holly Hill, Florida. ATPL will continue to lead affiliate recruitment, league format, and the national championship pathway, while standardizing on Rally’s pickleball league management platform across its network.

Pickleball has become the fastest-growing sport in the country, with participation reaching 24.3 million players in 2025, according to the Sports & Fitness Industry Association. Despite that growth, team-based league play remains fragmented, with no single national organization providing the standardized format, ratings structure, and championship pathway that sports like tennis have relied on for decades. ATPL was built to close that gap, giving local affiliates a proven format and a clear path from community play to a national championship. This partnership gives ATPL the platform and resources to bring that structure to leagues nationwide as the sport continues to scale.

About Rally

Rally is the leading pickleball league management software and team pickleball app, trusted by pickleball leagues nationwide. Serving over 800 racquet sports leagues and over 1M players in North America, Rally brings scores, standings, schedules, lineups, and messaging into one place for admins, captains, and players. The Rally platform turns pickleball, tennis, platform tennis, and padel leagues into vibrant communities. Learn more at lovetorally.com.

About ATPL

The American Team Pickleball League (ATPL) is a national network of independent, team-based pickleball affiliates, offering a standardized competitive format, training and onboarding support, and a pathway to the ATPL National Championship. Learn more at atplnation.org.

Media Contact

Ross Freedman, Rally LLC — hello@lovetorally.com 

Media Contact

Ross Freedman, Rally LLC, 1 7732138911, ross@lovetorally.com, https://www.lovetorally.com/ 

View original content:https://www.prweb.com/releases/rally-and-the-american-team-pickleball-league-announce-national-growth-partnership-focused-on-team-based-pickleball-302869744.html

SOURCE Rally LLC

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