Rolls-Royce Targets Increased Share of Jet Engine Market

Currently taking a 35% annual slice of the aerospace jet engine market, Rolls-Royce has raised its sights to 40%, chairman Sir Ralph Robbins said here.

The target includes after-sales support. It should be easily achievable, observed Sir Ralph, in view of the changing relative positions of the "big three" engine makers: average age of an installed Pratt & Whitney engine is 18 years, but for Rolls is it a mere eight. Spares and maintenance generate around 40% of the company's revenue.

A recent Rolls study shows there's a market for 100,000 jet engines for civil aircraft of business size and above over the next 20 years. Total value will be in the region of $465 billion.