Garmin Ltd.

Company Overview

Garmin Ltd. is based in Schaffhausen, Switzerland. Garmin became the holding company of the Garmin Group of Companies in June 2010. The company designs, develops, manufactures, markets, and distributes a range of navigation, communication and information devices worldwide. It operates through five business segments, namely auto, aviation, marine, outdoor and fitness. The auto segment offers infotainment systems, action cameras and personal navigation devices. The segment also comprises mobile applications under the Garmin and NAVIGON names. The aviation segment provides navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, datalink weather, in-cockpit and cloud connectivity, voice controls, and other products and services.

Further, in the marine segment Garmin provides marine-specific solutions, such as multifunction displays, cartography products, sounders, autopilot systems, radars, VHF communication radios, handhelds and wearable devices, sailing products, and more. The company operates in the regions of North America, EMEA and Asia-Pacific.

Apart from wearable devices, the company provides other products through its outdoor and fitness segments. The outdoor segment offers handhelds, golf devices, and dog or pet tracking devices; the fitness segment provides multisport watches, cycling computers, cycling power meters, cycling safety, awareness products, and Connect IQ.

Financial Highlights (FY 2024)

Company's Business Segments

• Fitness : This segment offers the following product categories: Running and Multi-sport Watches, Cycling Products, Smartwatch Devices, Scales and Monitors, Garmin Connect and Garmin Connect Mobile, and Connect IQ.
• Outdoor : This segment provides Adventure Watches, InReach and Garmin Response, Outdoor Handhelds and Satellite Communicators, Golf Devices, Consumer Automotive, and Dog Devices.
• Aviation : This segment provides Integrated Flight Decks, Electronic Flight Displays and Instrumentation, Navigation and Communication Products, Automatic Flight Control Systems and Safety-Enhancing Technologies, Audio Control Systems, Engine Indication Systems, Traffic Awareness and Avoidance Solutions, ADS-B and Transponders, Weather Information and Avoidance Solutions, Datalink and Connectivity, and Services.
• Marine : This segment offers Chartplotters and Multi-Function Displays (MFDs), Cartography, Fishfinders, SONAR, Autopilot Systems, RADAR, Instruments, VHF Communication Radios, Handhelds and Wearable Devices, Sailing, Audio, Digital Switching, and Trolling Motors.
• Auto OEM : This segment offers Domain Controllers, Infotainment Units, and Other.