Garmin Ltd. (GRMN)

Overview

Garmin Ltd. is a global leader in the development, production, and distribution of advanced wireless devices. Established in 1989, with its headquarters in Schaffhausen, Switzerland, Garmin has pioneered the market with its innovative products tailored for fitness, outdoor, aviation, marine, and automotive sectors. The company excels in creating devices that are essential for navigation, communication, and personal fitness, enhancing the lives of adventurers, athletes, and professionals around the world.

Products and Services

• Fitness Segment:

  Garmin's Fitness segment caters to health and sports enthusiasts with an extensive range of products including running and multi-sport watches, cycling products, smart devices, and fitness accessories. It also includes Garmin Connect and Garmin Connect Mobile platforms for fitness tracking and analysis, as well as Connect IQ, an application development platform to broaden the device's functionalities.

• Outdoor Segment:

  Designed for adventurers, the Outdoor segment covers adventure watches, outdoor handhelds, satellite communicators, golf devices, consumer automotive devices, and dog training devices. It also encompasses InReach and Garmin response communication devices, enabling adventurers to stay connected even in remote locations.

• Aviation Segment:

  Garmin's Aviation segment delivers comprehensive avionics solutions for aircraft, including integrated flight decks, electronic flight displays, navigation and communication products, automatic flight control systems, and safety technologies. These products serve to enhance the safety and efficiency of flight operations.

• Marine Segment:

  Targeted at marine professionals and enthusiasts, the Marine segment offers a wide range of navigational and fishing aids including chartplotters, fishfinders, autopilot systems, and radars. It also provides sailing products, VHF radios, and digital switching products, catering to all marine navigation needs.

• Auto Segment:

  Garmin's Auto segment focuses on automotive technology with products that incorporate embedded domain controllers, infotainment units, software, map databases, cameras, and wearables. These innovative solutions are designed to enhance the in-car experience and promote safer driving.