TECH - Garmin Expands Marine Portfolio With MM55 & 55-HR Devices | Benzinga
Garmin (NYSE: GRMN) launched the JL Audio MediaMaster 55 and 55-HR next-generation marine and powersports source units.
The MM55 features a 2.8-inch full-color LCD display with larger icons, simplified menus and a refreshed color palette, while the MM55-HR is a versatile helm device that can be mounted in various areas around a boat or vehicle, enhancing its efficiency.
These devices also offer connectivity options like digital AM/FM tuner, DAB+ radio, Bluetooth, analog AUX input and USB connection. With advanced Bluetooth Low Energy technology, users can control the devices using the MediaMaster Remote App or a compatible multifunction display.
Garmin is expected to gain solid traction across anglers, sailors, mariners and boat owners on the back of its newly launched devices.
Garmin Ltd. Price and Consensus
Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote
Expanding Marine Portfolio Aid Prospects
Per a Skyquest report, the global marine electronics market is expected to reach $8.13 billion by 2030, witnessing a CAGR of 5.2% between 2023 and 2030. Garmin is well-positioned to capitalize on this solid growth opportunity on the back of its expanding marine offerings.
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