5G in Travel & Transport Market

Global 5G in Travel & Transport Market Size, Trends & Analysis - Forecasts to 2026 By Type (5G in Travel & Tourism, 5G in Transportation), By Communication Type (Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-reliable low latency communications (URLLC), Massive Machine Type Communication (MMTC)), By Modes of Transport (Roadways, Railways, Airways, Maritime), By Application (Traffic Congestion Control Systems, Automotive Telematics, Reservation, Toll, & Ticketing Systems, Security & Surveillance Systems, Remote Monitoring, Passenger/ Customer Management, Maintenance, Logistics and Fleet Solution, Smart Airport Applications), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on November 13 2024 with the latest and most recent market numbers

5G in Travel & Transport Market Insights

The global 5G in travel & transport market is projected to grow at a CAGR value of around 30.01% during the forecast period [2021 to 2026].

Rapid advancements in facilitating the procedure of autonomous vehicles, whether on land, sea, or air, as well as streamlining many communications and signaling processes and significantly lowering the cost of wireless networks, are some of the factors driving the use of 5G technology in the transportation sector.

There is a growing desire to communicate more information in less time and with more convenience. Besides that, from allowing the installation of more IoT (Internet of Things) intelligent sensing to improve the efficiency of public transportation to boosting the use of robotic systems at airports to perform various tasks at the same time, 5G is poised to help optimize the relationship between travel & tourism and technology while also improving customer experiences are driving the market expansion of 5G technology in the tourism sector.

The availability of 5G in urban areas represents a new possibility for urban mobility, allowing cities to update and improve the efficiency of their transportation systems. With 5G access, cities will be capable of improving mass transit administration and management, including the adoption of dynamic transportation infrastructure, which could ultimately reduce traffic congestion or reallocate space for bicycling and walkways. They may also create more money by expanding public transportation ridership or by making the greatest use of growing business models like Mobility as a Service (MaaS).

5G is more than just an incremental enhancement to the previous generation of cellular networks; it is envisioned as a breakthrough technology that would abolish accessibility, bandwidth, speed, and latency constraints on connectivity globally.

The transportation and tourism market has entered a phase of fast growth, and the rate of change is only growing. Electric vehicle adoption, the rise of the shared technology and public platforms, advances in machine learning and artificial intelligence, and continually developing business models like eCommerce and MaaS are all causing substantial changes in the market.

The market for 5G in transport & travel took a significant downturn due to the pandemic as the usage of transport for mobility and traveling for tourism purposes dropped. However, post-COVID, robotic assistants may become a more permanent fixture in airports, retail malls, and hotels as a result of the pandemic and the need for less human contact. Also, with the high bandwidth and network reach capabilities of 5G, service robots can accomplish numerous tasks at once, making them more helpful.

Nonetheless, major investments and new technology are required. Furthermore, it is unclear how it will be developed outside of major urban areas, especially given that present 4G technology is not perfect everywhere. Furthermore, data insecurity remains a serious concern. With the introduction of 5G technology, cybersecurity will be at the forefront of everyone's concerns. There are also ongoing discussions within scientific and technological circles concerning the potential health risks associated with exposure to its waves and frequencies. Real-time surveillance of public transportation and public capacity planning would lead to improved synchronization of supply and demand, permitting freight forwarders to be more economical by minimizing the deployment of either vacant or overcrowded vehicles, thereby optimizing the quality of service for passengers.

global 5g in transport & tourism market

5G in Travel & Transport Market: By Type

Based on type, the market is segmented into 5G in travel & tourism and 5G in transportation. The 5G in transportation segment is expected to have a lion’s share in the market during the forecast period. Real-time monitoring of public vehicles and user demand management would enable better matching of supply and demand, allowing transport operators to be more efficient by avoiding the operation of either empty or overloaded vehicles. Furthermore, enhanced multimodal connectivity among transportation modes, as well as the integration of all mobility alternatives into single MaaS platforms, will allow consumers to select among hundreds of trip possibilities. In the event of an emergency, users will benefit from improved onboard entertainment and information projection.

5G in Travel & Transport Market: By Communication Type

Based on communication type, the market is segmented into Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low Latency Communications (URLLC), Massive Machine Type Communication (MMTC). The URLLC communication type has the lion’s share in the market during the forecast period. URLLC guarantees ultra-high networking reliability of more than 99 percent and very reduced latency (of 1 millisecond) for packet transmission, which is one of the central tenets of 5G networks. These two characteristics make URLLC a primary usage scenario for 5G since it provides data delivery in a few milliseconds while maintaining high dependability. Manufacturing firms are automating industrial control by establishing networks in manufacturing plants. URLLC aids in the automation of production processes and electricity systems.

5G in Travel & Transport Market: By Mode of Transport

Based on the mode of transport, the market is segmented into roadways, railways, airways, and maritime. The utility of 5G for road transport has the largest share in the market during the forecast period as it will increase road safety and the safety of cyclists and pedestrians, who will also benefit from safer automobiles. 5G also enables well-regulated networks that prioritize active modes and public transportation over private autos. Nevertheless, 5G has the potential to free up vast quantities of urban space for people instead of cars if linked, and driverless vehicles can ease congestion, and transportation system management is coupled with enhanced mass transit.

5G in Travel & Transport Market: By Application

Based on application, the market is segmented into traffic congestion control systems, automotive telematics, reservation, toll, & ticketing systems, security & surveillance systems, remote monitoring, passenger/ customer management, maintenance, logistics, and fleet solution, and smart airport applications.

The application of 5G technology for logistics and fleet management is expected to have the largest share in the market during the forecast period as a result of greater connectivity and speed. The logistics and supply chain industry will be able to provide end-to-end comprehensive coverage for surveillance, locating, and burglary detection, with the lower band frequencies giving additional cover in suburban and rural areas and the higher frequency band offering better cover in densely populated urban areas.

5G will assist firms in tracing their vital freight across all the locations. Improved geolocation technology will provide greater visibility into travel delays and unforeseen conditions, ultimately improving location intelligence and minimizing difficulties. It will also enable enterprises to optimize their routes through more visibility, avoiding unnecessary journeys and inefficiencies.

asia pacific 5g in transport & tourism market

5G in Travel & Transport Market: By Region

As per the geographical analysis, the 5G in the travel & transport market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) will have a dominant share in the market from 2021 to 2026. During the forecast period, the North American region is expected to hold the lion’s share of the global revenue generated in the market. The popularity of consumer electronic devices, advanced technologies, and expanding Internet of Things (IoT) capabilities are all significant determinants of regional market growth. The market's reach will be expanded due to the increased need for end-to-end connectivity, as well as the anticipation of zero latency and effective augmented reality.

5G in Travel & Transport Market Share and Competitor Analysis

Marriott, Walt Disney, Fraport, IHG Hotels & Resorts, Qatar Airways, Finavia, Delta Air Lines, Ericsson, KT Corporation, SK Telecom Co. Ltd, Deutsche Telekom AG, Nokia, Inseego Corp., AeroMobile Communications Limited, SmartSky Networks LLC, Telia Company AB, Gogo LLC, among others are the key players in the 5G in travel & transport market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 5G in Travel & Transport Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Type Overview

2.1.3 Mode of Transport Overview

2.1.4 Communication Type Overview

2.1.5 Application Overview

2.1.6 Regional Overview

Chapter 3 5G in Travel & Transport Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Rapid advancements in facilitating the procedure of autonomous vehicles, whether on land, sea, or air

3.3.1.2 Streamlining many communications and signaling processes

3.3.2 Industry Challenges

3.3.2.1 Major investment and new technology are required

3.4 Prospective Growth Scenario

3.4.1 Type Growth Scenario

3.4.2 Communication Type Growth Scenario

3.4.3 Mode of Transport Growth Scenario

3.4.4 Application Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Application Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 5G in Travel & Transport Market, By Type

4.1 Type Outlook

4.2 5G in Travel & Tourism

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 5G in Transportation

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 5G in Travel & Transport Market, By Commination Type

5.1 Communication Type Outlook

5.2 Fixed Wireless Access (FWA)

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 Enhanced Mobile Broadband (eMBB)

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

5.4 Ultra-Reliable Low Latency Communications (URLLC)

5.4.1 Market Size, By Region, 2020-2026 (USD Billion)

5.5 Massive Machine Type Communication (MMTC)

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 5G in Travel & Transport Market, By Mode of Transport

6.1 Roadways

6.1.1 Market Size, By Region, 2020-2026 (USD Billion)

6.2 Railways

6.2.1 Market Size, By Region, 2020-2026 (USD Billion)

6.3 Airways

6.3.1 Market Size, By Region, 2020-2026 (USD Billion)

6.4 Maritime

6.4.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 5G in Travel & Transport Market, By Application

7.1 Traffic Congestion Control Systems

7.1.1 Market Size, By Region, 2020-2026 (USD Billion)

7.2 Automotive Telematics

7.2.1 Market Size, By Region, 2020-2026 (USD Billion)

7.3 Reservation, Toll, & Ticketing Systems

7.3.1 Market Size, By Region, 2020-2026 (USD Billion)

7.4 Security & Surveillance Systems

7.4.1 Market Size, By Region, 2020-2026 (USD Billion)

7.5 Remote Monitoring

7.5.1 Market Size, By Region, 2020-2026 (USD Billion)

7.6 Passenger/ Customer Management

7.6.1 Market Size, By Region, 2020-2026 (USD Billion)

7.7 Maintenance

7.7.1 Market Size, By Region, 2020-2026 (USD Billion)

7.8 Logistics and Fleet Solution

7.8.1 Market Size, By Region, 2020-2026 (USD Billion)

7.9 Smart Airport Applications

7.9.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 8 5G in Travel & Transport Market, By Region

8.1 Regional outlook

8.2 North America

8.2.1 Market Size, By Country 2020-2026 (USD Billion)

8.2.2 Market Size, By Type, 2020-2026 (USD Billion)

8.2.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.2.4 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.2.5 Market Size, By Application, 2020-2026 (USD Billion)

8.2.6 U.S.

8.2.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.2.4.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.2.4.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

Market Size, By Application, 2020-2026 (USD Billion)

8.2.7 Canada

8.2.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.2.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.2.7.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.2.7.4 Market Size, By Application, 2020-2026 (USD Billion)

8.3 Europe

8.3.1 Market Size, By Country 2020-2026 (USD Billion)

8.3.2 Market Size, By Type, 2020-2026 (USD Billion)

8.3.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.3.4 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.3.5 Market Size, By Application, 2020-2026 (USD Billion)

8.3.6 Germany

8.3.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.3.6.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.3.6.4 Market Size, By Application, 2020-2026 (USD Billion)

8.3.7 UK

8.3.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.3.7.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.3.7.4 Market Size, By Application, 2020-2026 (USD Billion)

8.3.8 France

8.3.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.8.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.3.8.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.3.8.4 Market Size, By Application, 2020-2026 (USD Billion)

8.3.9 Italy

8.3.9.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.9.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.3.9.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.3.9.4 Market Size, By Application, 2020-2026 (USD Billion)

8.3.10 Spain

8.3.10.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.10.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.3.10.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.3.10.4 Market Size, By Application, 2020-2026 (USD Billion)

8.3.11 Russia

8.3.11.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.11.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.3.11.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.3.11.4 Market Size, By Application, 2020-2026 (USD Billion)

8.4 Asia Pacific

8.4.1 Market Size, By Country 2020-2026 (USD Billion)

8.4.2 Market Size, By Type, 2020-2026 (USD Billion)

8.4.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.4.4 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.4.5 Market Size, By Application, 2020-2026 (USD Billion)

8.4.6 China

8.4.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.6.2 Market Size, By Communication Type , 2020-2026 (USD Billion)

8.4.6.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.4.6.4 Market Size, By Application, 2020-2026 (USD Billion)

8.4.7 India

8.4.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.4.7.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.4.7.4 Market Size, By Application, 2020-2026 (USD Billion)

8.4.8 Japan

8.4.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.8.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.4.8.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.4.8.4 Market Size, By Application, 2020-2026 (USD Billion)

8.4.9 Australia

8.4.9.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.9.2 Market size, By Communication Type, 2020-2026 (USD Billion)

8.4.9.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.4.9.4 Market Size, By Application, 2020-2026 (USD Billion)

8.4.10 South Korea

8.4.10.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.10.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.4.10.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.4.10.4 Market Size, By Application, 2020-2026 (USD Billion)

8.5 Latin America

8.5.1 Market Size, By Country 2020-2026 (USD Billion)

8.5.2 Market Size, By Type, 2020-2026 (USD Billion)

8.5.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.5.4 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.5.5 Market Size, By Application, 2020-2026 (USD Billion)

8.5.6 Brazil

8.5.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.5.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.5.6.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.5.6.4 Market Size, By Application, 2020-2026 (USD Billion)

8.5.7 Mexico

8.5.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.5.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.5.7.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.5.7.4 Market Size, By Application, 2020-2026 (USD Billion)

8.5.8 Argentina

8.5.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.5.8.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.5.8.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.5.8.4 Market Size, By Application, 2020-2026 (USD Billion)

8.6 MEA

8.6.1 Market Size, By Country 2020-2026 (USD Billion)

8.6.2 Market Size, By Type, 2020-2026 (USD Billion)

8.6.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.6.4 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.6.5 Market Size, By Application, 2020-2026 (USD Billion)

8.6.6 Saudi Arabia

8.6.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.6.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.6.6.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.6.6.4 Market Size, By Application, 2020-2026 (USD Billion)

8.6.7 UAE

8.6.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.6.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.6.7.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.6.7.4 Market Size, By Application, 2020-2026 (USD Billion)

8.6.8 South Africa

8.6.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.6.8.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

8.6.8.3 Market Size, By Mode of Transport, 2020-2026 (USD Billion)

8.6.8.4 Market Size, By Application, 2020-2026 (USD Billion)

Chapter 9 Company Landscape

9.1 Competitive Analysis, 2020

9.2 Marriott

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Positioning

9.2.4 Info Graphic Analysis

9.3 Walt Disney

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Positioning

9.3.4 Info Graphic Analysis

9.4 Fraport

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Positioning

9.4.4 Info Graphic Analysis

9.5 IHG Hotels & Resorts

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Positioning

9.5.4 Info Graphic Analysis

9.6 Qatar Airways

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Positioning

9.6.4 Info Graphic Analysis

9.7 Finavia

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Positioning

9.7.4 Info Graphic Analysis

9.8 Delta Air Lines

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Positioning

9.8.4 Info Graphic Analysis

9.9 Ericsson

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Positioning

9.9.4 Info Graphic Analysis

9.10 KT Corporation

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Positioning

9.10.4 Info Graphic Analysis

9.11 SK Telecom Co. Ltd

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Positioning

9.11.4 Info Graphic Analysis

9.12 Deutsche Telekom AG

9.12.1 Company Overview

9.12.2 Financial Analysis

9.12.3 Strategic Positioning

9.12.4 Info Graphic Analysis

9.13 Nokia

9.13.1 Company Overview

9.13.2 Financial Analysis

9.13.3 Strategic Positioning

9.13.4 Info Graphic Analysis

9.14 Inseego Corp.

9.14.1 Company Overview

9.14.2 Financial Analysis

9.14.3 Strategic Positioning

9.14.4 Info Graphic Analysis

9.15 AeroMobile Communications Limited

9.15.1 Company Overview

9.15.2 Financial Analysis

9.15.3 Strategic Positioning

9.15.4 Info Graphic Analysis

9.16 SmartSky Networks LLC

9.16.1 Company Overview

9.16.2 Financial Analysis

9.16.3 Strategic Positioning

9.16.4 Info Graphic Analysis

9.17 Telia Company AB

9.17.1 Company Overview

9.17.2 Financial Analysis

9.17.3 Strategic Positioning

9.17.4 Info Graphic Analysis

9.18 Gogo LLC

9.18.1 Company Overview

9.18.2 Financial Analysis

9.18.3 Strategic Positioning

9.18.4 Info Graphic Analysis

9.19 Other Companies

9.19.1 Company Overview

9.19.2 Financial Analysis

9.19.3 Strategic Positioning

9.19.4 Info Graphic Analysis

The Global 5G in Travel & Transport Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the 5G in Travel & Transport Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global 5G in travel & tourism market?

The global 5G in travel & transport market is projected to grow at a CAGR value of around 30.01% during the forecast period [2021 to 2026].

Who are the major vendors in the 5G in travel & tourism market?

Which region has the highest market share in the 5G in travel & tourism market?

The North American region is expected to hold the lion’s share of the global revenue generated in the 5G in travel & tourism market.

What is the Covid-19 impact on future 5G in travel & tourism manufacturers?

The market for 5G in transport & travel took a significant downturn due to the pandemic as the usage of transport for mobility and travelling for tourism purposes dropped. However, post covid, robotic assistants may become a more permanent fixture in airports, retail malls, and hotels as a result of pandemic and the need for less human touch. Also, because of 5Gs high bandwidth and network reach, service robots can accomplish numerous tasks at once, making them more helpful.

What are the major drivers in the 5G in travel & tourism market?

Rapid advancements in facilitating the procedure of autonomous vehicles, whether on land, sea, or air, as well as streamlining many communications and signalling processes and significantly lowering the cost of wireless networks, are some of the factors driving the use of 5G technology in the transportation sector.