(AATA: Los Angeles, CA) -- The American Aerospace Technical Academy (AATA), a nonprofit that provides low-cost nondestructive testing (NDT) classroom instruction to veterans, minorities, and women, has researched and profiled more than 120 NDT equipment manufacturers to provide a comprehensive view of the NDT equipment market.

The analysis is inclusive of all key industries where NDT services are being applied, and includes an examination of market trends, five-year forecasts, and vendor-market share. AATA found that the total global revenue from NDT equipment manufacturers reached nearly $2.1 billion during 2015, with $923.4 million attributed to primary equipment sales, and $584.6 million to secondary equipment. For these last two sectors, AATA forecasts steady growth through 2020, achieving revenues of $1.85 billion. As a percent of total revenue, maintenance agreements account for 17.4 percent, followed by independent software sales at 7.8 percent, services other than maintenance at 3.6 percent, and training at 1.4 percent.

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