Garmin Ltd - Company Profile
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View moreBusiness Description
Garmin Ltd (Garmin) provides GPS-enabled navigation, communication and information devices and applications.
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R&D Overview
Garmin’s R&D arm focuses on developing new products and technologies and adding new features to the existing technologies. As of December 2023, the company had 5,500 engineering and development staff, which includes software engineers, industrial designers, electrical engineers, cartographic engineers and mechanical engineers. In FY2023, the company incurred expenses of US$904.6 million on R&D, which as a percentage of revenue, stood at 17.3%. As of January 2024, the company had more than 1,160 trademark registrations and 1,900 patents.
Business Segments
Overview
Offers domain controllers, and infotainment units. Also provides software, map database, camera, wearable, and other automotive solutions.
Performance
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Overview
Offers 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 solutions. It also includes safety management system, weight and balance, runway analysis and performance data, load planning, obstacle clearance and navigation database solutions. It also offers subscription services, extended warranties, and training products.
Performance
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Overview
Offers a wide range of fitness and activity tracking devices, running and multisport watches, smartwatch devices, cycling computers, fitness and cycling accessories, power meter, safety and awareness equipment, Connect IQ and Garmin connect tool. Major brands include vivosport, Tacx, Venu, Forerunner, vivosmart, Garmin Connect, vivofit, Connect IQ, vivoactive, and vivomove.
Performance
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Overview
Provides products for recreational marine activities, including multi-function displays (MFDs) and chartplotters, fishfinders, cartography, Sonar, digital switching, autopilot systems, radar, instruments, VHF communication radios, AIS transceivers, trolling motors, handhelds and wearable devices, sailing, and entertainment products. Major brands include GPSMAP, Navionics, striker, Livescope, Panoptix, Shadow Drive, InReach, Connect IQ, Fusion, ECHOMAP, Quickdraw, Fantom, MotionScope, quatix, SailAssist, EmpirBus, and Force.
Performance
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Overview
Offers a broad range of products designed for use in outdoor activities, including adventure watches, outdoor handhelds, wearable devices, golf devices, dog tracking and training devices. Major brands include Rino, Oregon, Montana, GPSMAP, eTrex, fenix, inReach, Instinct, Descent Mk1, tactixs, MARQ, Approach, the Enduro, Alpha, PRO, BarkLimiter, and Delta.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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