SICK AG

Company Snapshot

Founded: 1946
Entity Type: Public
Employees: 12185
Revenue: $2,495.5 Millions
Revenue Year: 2023
Headquarter: Germany
Key Geographics: Americas, Germany, Asia-Pacific, Europe, Middle East and Africa

Company Overview

SICK AG manufactures sensors for industrial applications. The company is active in factory and logistics automation and process automation. The company’s product portfolio includes photoelectric sensors; light grids; inductive, capacitive and magnetic sensors; optoelectronic protective devices; vision sensors; detection, ranging and identification solutions such as barcode scanners and RFID readers; and analyzers for gas and liquid analysis, as well as gas flow measuring devices.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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SICK AG In Reports

Light Detection and Ranging (LiDAR): Technologies and Global Markets

BCC Research Market Report says global market for light detection and ranging technology should grow from $3.2 billion in 2023 to $7.0 billion by the end of 2028, at a CAGR of 16.5%.

Sensors for the Internet of Things (IOT): Global Markets

According to BCC Research global market for IoT sensors should grow from $10.9 billion in 2021 to $36.6 billion by 2026 with a compound annual growth rate of 27.4%.

Sensors: Technologies and Global Markets

Global market for sensors is estimated to grow from $156.6 billion in 2021 to reach $249.6 billion by 2026 at a CAGR of 9.8% during the forecast period of 2021-26.

Company's Business Segments

  • Factory Automation : This segment comprises mechanical engineering, electronics, and solar industries.
  • Logistics Automation : This segment focuses on airports, industrial vehicles, building management, building safety and security, couriers, ports, parcel and postal service providers, cranes, and the traffic sector.
  • Process Automation : This segment provides sensors, customized systems, and services for analysis and process measurement technology.

Applications/End User Industries

  • Automotive
  • Consumer Goods
  • Energy
  • Electronics
  • Logistics
  • Machines and Motion
  • Mobility and Outdoor Automation
  • Basic Materials