Garmin Ltd - Company Profile

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Garmin 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.

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Headquarters Switzerland

Address Muehlentalstrasse 2, Schaffhausen, 8200


Telephone 41 52 6301600

No of Employees 19,900

Industry Technology and Communications

Ticker Symbol & Exchange GRMN (NYSE)

Revenue (2022) $5.2B 7.6% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 32.5% (2022 vs 2021)

Market Cap* $32.6B

Net Profit Margin (2022) XYZ 23.2% (2022 vs 2021)

* As of and is in US$
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Garmin Ltd premium industry data and analytics

350+

Install Base

Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect.

1

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Garmin Ltd (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Garmin Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

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
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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.
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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
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Executives
Name Position Board Since Age
Min H. Kao Chairman Executive Board 2013 75
Clifton A. Pemble Chief Executive Officer; Director; President Executive Board 2013 58
Douglas G. Boessen Chief Financial Officer; Treasurer Senior Management 2014 61
Andrew R. Etkind Vice President; General Counsel; Secretary Senior Management 2009 68
Charles W. Peffer Director Non Executive Board 2004 75
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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