What is a Car Mounted Multimedia: Top Players & Future Prospects
What is a Car Mounted Multimedia: Car mounted multimedia are devices which are installed on the cars that serve multiple purposes. Few examples of car mounted multimedia include mobile device holder, CD/DVD players, and GPS devices. The various factors that are anticipated to be driving the global demand for car mounted multimedia include advancements in technology, favorable government regulations, and increasing awareness towards the rapidly evolving wireless technology. The increase in the global disposable incomes is also expected to benefit the overall market in the next few years. The enormously increasing growth in the number of cars sold each all over the world is additionally expected to drive the demand. However, the market is highly dependent on the employment rates, financing rates, global spending by the consumers, and the highly competitive prices of car mounted multimedia devices. The factors are estimated to be a major hindrance for the growth of the global car