Accounting for 10% of the advanced motion control market, stepper drives are seeing an annual revenue growth from $140 million in 2001 to an expected $165.8 million by 2008, according to market research company Frost & Sullivan. Leading the charge is Parker Hannifin with over 12% of the stepper drive market, followed by Schneider Electric with 10%.
A new federally sponsored manufacturing innovation center to strengthen US manufacturing abilities in fiber-reinforced composites has formed, bringing together materials suppliers, OEMs, university R&D labs, and national labs.
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