Rolls-Royce expects aviation growth

Rolls-Royce has forecast continued growth in its aviation business, and that its engine market will be worth $110bn, over the next 20 years.

More specifically, the company predicted that 79,000 engines, worth $110bn, would be needed to meet a demand for 39,000 new business jet aircraft. Rolls-Royce also said that the market growth would be further stimulated by an increase in deliveries to non-USA markets and the introduction of new models.

‘The market continues to grow at a robust rate. It has also become more diverse in terms of geographic distribution and breadth of aircraft capability available. In response, Rolls-Royce will continue to invest in new products and services in order to maintain its leading position with business aircraft operators and manufacturers,’ said Alan Stiley, vice-president for marketing, corporate and regional engines at Rolls-Royce.

Of the 39,000 new business aircraft, 40 per cent are expected to be in the medium or large business jet category, representing 75 per cent in terms of value.