Garmin Ltd - Company Profile
Powered by 
All the sales intelligence you need on Garmin Ltd in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how Garmin Ltd fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with Garmin Ltd.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Related keylists
View moreGarmin Ltd (Garmin) designs, develops, manufactures, and markets hand-held, portable and fixed-mount global positioning system (GPS)-enabled products. The company also offers navigation, communications, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets. It markets products under Fantom, Lily, Bounce, Vivosmart, Vivofit, Connect IQ, Vivoactive, Vivomove, Instinct, Descent, Tactix, MARQ, Enduro, Approach, Delta, dezl, ECHOMAP, eTrex and Fenix brand names. Garmin sells GPS receivers and accessories to retail outlets, and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers, independent retailers, distributors, installation and repair shops and original equipment manufacturers (OEMs). The company has presence across North America, Asia-Pacific, Europe, the Middle East, and Africa. Garmin is headquartered in Schaffhausen, Switzerland.
Headquarters
Switzerland
Address
Muehlentalstrasse 2, Schaffhausen, 8200
Website
www.garmin.com
Telephone
41 52 6301600
No of Employees
23,000
Industry
Technology and Communications
Ticker Symbol & Exchange
GRMN (NYSE)
Revenue (2024)
$7.2B
15.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
17.9%
(2024 vs 2023)
Market Cap*
$45.8B
Net Profit Margin (2024)
XYZ
2.5%
(2024 vs 2023)
* As of and is in US$
Garmin Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Wearables: | Runway Analysis | BarkLimiter |
| Watches with Music | Subscription Services | Delta |
| Activity Tracking Fitness Bands | Safety Management System | dezl |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In May, the company launched Forerunner 70 and Forerunner 170. |
| 2026 | New Products/Services | In May, the company introduced the JL Audio Primacy luxury home audio system. |
| 2026 | New Products/Services | In April, the company launched a new stable software update, version 16.40, for one of its smartwatches. |
Competitor Comparison
| Key Parameters | Garmin Ltd | Apple Inc | Samsung Electronics Co Ltd | Xiaomi Corp | Panasonic Holdings Corp |
|---|---|---|---|---|---|
| Headquarters | Switzerland | United States of America | South Korea | China | Japan |
| City | Schaffhausen | Cupertino | Suwon | Beijing | Kadoma |
| State/Province | - | California | - | Beijing | Osaka |
| No. of Employees | 23,000 | 166,000 | 129,480 | 55,994 | 207,548 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Min H. Kao | Chairman | Executive Board | 2013 | 77 |
| Clifton A. Pemble | Director; President; Chief Executive Officer | Executive Board | 2013 | 60 |
| Douglas G. Boessen | Treasurer; Chief Financial Officer | Senior Management | 2014 | 63 |
| Patrick G. Desbois | Co-Chief Operating Officer | Senior Management | 2024 | 57 |
| Bradley C. Trenkle | Co-Chief Operating Officer | Senior Management | 2024 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer