Garmin Corporation, a global GPS technology firm, has opened a Thai office and vowed to invest more in the Thai market to capitalise on the growth of smart wearable devices and navigation systems based on digital lifestyles and health-conscious trends.
“We decided to open the office in Thailand to widen the business opportunities beyond customer and project-based solutions to cover the corporate market and increase after-sales services to customers,” said Sky Chen, sales director of Garmin Thailand, during the office launch.
Garmin’s global revenue grew 11% year-on-year in 2020, setting a new record of US$4.19 billion, pushed up by the pandemic. Profit surged 60%.
Some 17% of the company’s total revenue is spent…
