Garmin made its name with handheld and dashboard GPS units in the 1990s and 2000s. When smartphones made standalone car navigation largely obsolete, it moved into fitness and outdoor wearables, avionics and marine electronics. Today Fitness and Outdoor together make up more than 60% of revenue, while certified avionics and marine systems provide steady, high-barrier sales. The company is headquartered in Olathe, Kansas (Domiciled in Schaffhausen, Switzerland). The highly resilient American technology company was founded in Kansas in 1989, originally building massive GPS units for boats and airplanes before brilliantly pivoting to dominate the global high-end fitness smartwatch market.
Garmin designs, makes and sells hardware through five reporting segments, and most of its production happens in its own factories. In fiscal 2025 Fitness (running watches, cycling computers, smart trainers, health wearables) brought in $2.36 billion. Outdoor (fēnix and Instinct adventure watches, handhelds, inReach satellite communicators) brought in $2.05 billion. Marine (chartplotters, sonar, audio) added $1.18 billion and Aviation (OEM flight decks, aftermarket avionics) $987 million. Auto OEM, which sells domain controllers and infotainment to carmakers, made up the rest, roughly $670 million, and still runs at a loss. Hardware sales do most of the work, but subscriptions such as inReach plans, aviation databases, Navionics charts and Garmin Connect+ add recurring revenue.