Rolls-Royce forecasts $61 billion engine market over next 20 years

Rolls-Royce is predicting continued growth in business jet deliveries through the remainder of the decade and forecasts an engine market worth $61 billion over the next 20 years, with medium to long-range jets dominating in terms of aircraft and engine value.While North America is expected to remain the largest market for business jet deliveries in the next 20 years, China, India and Russia are expected to witness a large increase in activity. The forecast for these countries, based on the key drivers of economic activity, infrastructure growth and market liberalization, predicts that 500-700 business jets would be delivered over the next 10 years, an increase of 600 percent.