What is Garmin?-Free Investment Analysis

Firm Information

Garmin, Ltd. is an industry leader in the navigation, communications, and information device market. Garmin breaks down its corporate structure by the industries for which it makes devices, namely aviation, automotive/mobile, marine, and outdoor/fitness. Garmin’s aviation division, which is the company’s most mature market, makes devices that incorporate all necessary flight information; such as navigation, autopilot, terrain avoidance, communication, and engine sensor data onto one small panel. The automotive/mobile division is Garmin’s highest volume market, with revenues doubling from 2006 to 2007. The main products for this market are Personal Navigation Devices (PNDs) that customers install on car dashboards. The marine division produces chartplotter,...click here to read the rest.