Garmin

Garmin Ltd. (Nasdaq: GRMN) is a leading technology company specializing in GPS navigation and wearable devices. Founded in 1989 and headquartered in Schaffhausen, Switzerland, Garmin designs, manufactures, and markets a wide range of products for automotive, aviation, marine, outdoor, and fitness markets.

Garmin's product portfolio includes GPS navigation devices, smartwatches, fitness trackers, and other wearables. The company operates through five segments: Fitness, Outdoor, Aviation, Marine, and Auto. In 2023, Garmin reported net sales revenue of USD 5.23 billion, an 8% increase from the previous year. The Outdoor segment was the largest contributor, generating USD 486.38 million in revenue in the fourth quarter of 2023.

Garmin has a strong global presence, with operations in 35 countries and approximately 19,900 employees worldwide as of 2023. The company's largest markets are the Americas, Europe, Middle East, and Africa, with the Asia-Pacific region also showing growth. Garmin continues to invest in research and development to drive innovation and new product development.