Garmin Ltd - Company Profile
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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 Quickdraw, ECHOMAP, InReach, EmpirBus, Navionics, Montana, Rino, Fusion, Force, Instinct, Garmin Connect, Connect IQ and Vivofit 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 business presence across North America, Asia-Pacific, Europe, the Middle East, and Africa. Garmin is headquartered in Schaffhausen, Switzerland.
Garmin Ltd premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Wearables: | Runway Analysis | BarkLimiter |
Music | Safety Management System | Delta |
Activity Tracking | Subscription Services | 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 |
---|---|---|
2024 | New Products/Services | In February, the company introduced the GPSMAP 16x3 chartplotters to its GPSMAP x3 series. |
2024 | Contracts/Agreements | In January, the company and Kawasaki Motors Corp announced a collaboration to offer a customized, factory-installed solution for the center console of the all-new 2024 Kawasaki RIDGE Limited side x sides. |
2024 | New Products/Services | In January, the company launched HRM-Fit, a heart rate monitor for women. |
Competitor Comparison
Key Parameters | Garmin Ltd | Apple Inc | Samsung Electronics Co Ltd | RTX Corp | Panasonic Holdings Corp |
---|---|---|---|---|---|
Headquarters | Switzerland | United States of America | South Korea | United States of America | Japan |
City | Schaffhausen | Cupertino | Suwon | Arlington | Kadoma-Shi |
State/Province | - | California | Seoul | Virginia | Osaka |
No. of Employees | 19,900 | 161,000 | 98,557 | 185,000 | 233,391 |
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 | 75 |
Clifton A. Pemble | President; Director; Chief Executive Officer | Executive Board | 2013 | 58 |
Douglas G. Boessen | Treasurer; Chief Financial Officer | Senior Management | 2014 | 61 |
Andrew R. Etkind | Vice President; General Counsel; Secretary | Senior Management | 2009 | 68 |
Catherine A. Lewis | Director | Non Executive Board | 2019 | 70 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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