5G in Travel and Tourism Market Size, Share, and Trends Analysis Report
CAGR :
| Market Size 2023 (Base Year) | USD 45.6 Billion |
| Market Size 2032 (Forecast Year) | USD 312.88 Billion |
| CAGR | 23.86% |
| Forecast Period | 2024 - 2032 |
| Historical Period | 2018 - 2023 |
5G in Travel and Tourism Market Insights
As per the published report by Market Research Store, the Global 5G in Travel and Tourism Market size was estimated at USD 45.6 Billion in 2023 and is anticipated to reach reach USD 312.88 Billion by 2032, growing at a projected CAGR of 23.86% during the forecast period 2024-2032. The report provides a detailed analysis of the global 5G in Travel and Tourism Market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.
5G in Travel and Tourism Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | 5G in Travel and Tourism Market |
| Market Size in 2023 | USD 45.6 Billion |
| Market Forecast in 2032 | USD 312.88 Billion |
| Growth Rate | CAGR of 23.86% |
| Number of Pages | 167 |
| Key Companies Covered | AT&T, SK Telecom, Verizon, China Mobile, BT, Bell Canada, Etisalat, STC, Deutsche Telekom, China Telecom, Orange S.A., Vodafone, China Unicom, T-Mobile, Telstra, Telefonica, KT, Rogers, and LG U+. |
| Segments Covered | By Communications, And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2023 |
| Forecast Year | 2024 to 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
According to the report published by the Market Research Store, global demand for the 5G in travel and tourism market was estimated at approximately USD 24,008 Million in 2020 and is expected to generate revenue of around USD 32,600.5 Million by end of 2026, growing at a CAGR of around 4.8% between 2021 and 2026.
Global 5G in Tour and Travel Market: Overview
The transformation to the 5G ecosystem is expected to witness a 3–4 times faster growth rate than other connectivity transformations. This is primarily due to the rapid advancement of networking virtualization, as well as the growing number of applications that require a latent-free connection. Faster data speeds and extremely low latency offered by the 5G technology would improve the user experience of Virtual Reality and Augmented Reality seamless video calling, and Ultra-High Definition (UHD) videos. More remote spots of a destination can be shared on social media with the addition of 5G and an improved connection for travelers, creating a more connected tourist experience and helping to spread the economic benefits of tourism around an area.
Because of the aforementioned considerations, rapid acceptance of 5G services is expected, followed by a rapid rollout of 5G services by other developing economies. The United States, the United Kingdom, South Korea, China, Japan, and Germany are among the countries anticipated to implement 5G services first. Early adopters are expected to be countries with a strong 4G infrastructure. Countries with flexible IoT connection platforms are expected to transition to 5G services fast.
| REPORT SNAPSHOT & REPORTING DATA TIMEFRAME | |
|---|---|
| Parameter | Details |
| Historical Date ( Actual Data) | 2016 - 2020 |
| Base Year Data | 2020 |
| Current Year Data | 2021 |
| Projected Data | 2021 - 2026 |
Global 5G in Tour and Travel Market: Growth Factors
5G networks give a 1 Gbps and 10ms enhanced internet experience, as well as a foundation for cloud and AI-based services. Various data-intensive applications, both personal and business-to-business, are gaining traction in the travel and tourism industry.
The growing popularity of IoT use cases in the industries that require connectivity over broad areas and the ability to handle many connections has fuelled demand for the 5G market. Massive IoT is quickly becoming a new focus for IoT connectivity technology. Massive IoT is an exciting possibility for 5G, but in the early stages of the technology, Telcos are still relying on current cellular IoT standards, such as NB-IoT. The massive spread of intelligent IoT nodes for a variety of situations is projected to be supported by 5G networks, becoming one of the reasons for large market growth.
Global 5G in Tour and Travel Market: Segmentation
The market can be segmented into communications. Considering communication types, it is categorized into Fixed Wireless Access, Enhanced Mobile Broadband, Ultra-Reliable and Low Latency Communication, Massive Machine Type Communication, and Online Channels. The segment expected to grow at the highest growth rate during the forecast period. The most significant value of 5G will not come from connecting people, but from its ability to provide seamless connectivity to infrastructures, machines, and things.
Global 5G in Tour and Travel Market: Regional Analysis
The United States is home to some of the largest telecom companies in the world, including AT&T, Verizon, Ericsson, and others, all of which are constantly investing in expanding and improving their infrastructure to keep up with technological breakthroughs. Over the projection period, this is projected to enhance the uptake of 5G services.
Moreover, Canadian service providers are expanding their investments in 5G licence acquisition, which will increase demand for 5G services in the region over the projection period.
Global 5G in Tour and Travel Market: Competitive Players
Major vendors in the global 5G services market include AT&T, SK Telecom, Verizon, China Mobile, BT, Bell Canada, Etisalat, STC, Deutsche Telekom, China Telecom, Orange S.A., Vodafone, China Unicom, T-Mobile, Telstra, Telefonica, KT, Rogers, and LG U+. These players have adopted various strategies to grow in the global 5G services market.
For Example, Verizon Communications Inc., is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. In 2020, Verizon collaborated with Apple to bring 5G connectivity to Apple's iPhone 12 line-ups.
The study includes an in-depth competitive analysis of these key players in the 5G services market with their company profiles, recent developments, and key market strategies.
Global 5G in Tour and Travel Market: By Communication Type
- Fixed Wireless Access
- Enhanced Mobile Broadband
- Ultra-Reliable and Low Latency Communication
- Massive machine Type Communication
- Online Channels
Global 5G in Tour and Travel Market: Regional Segmentation Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
What are the key factors driving global 5G in travel and tourism expansion?
The growing popularity of IoT use cases in the industries that require connectivity over broad areas and the ability to handle many connections has fuelled demand for the 5G market. 5G networks give a 1 Gbps and 10ms enhanced internet experience, as well as a foundation for cloud and AI-based services thus gaining traction in the travel and tourism industry.
What will be the value of the 5G in travel and tourism during 2021- 2026?
The global demand for the 5G in travel and tourism market was estimated at approximately USD 24,008 Million in 2020 and is expected to generate revenue of around USD 32,600.5 Million by end of 2026, growing at a CAGR of around 4.8% between 2021 and 2026.
Which region will make notable contributions towards global 5G in travel and tourism revenue?
North America and Europe have a major contribution to the market.
What are the key players leveraging 5G in travel and tourism growth?
Major vendors in the global 5G services market include AT&T, SK Telecom, Verizon, China Mobile, BT, Bell Canada, Etisalat, STC, Deutsche Telekom, China Telecom, Orange S.A., Vodafone, China Unicom, T-Mobile, Telstra, Telefonica, KT, Rogers, LG U+. These players have adopted various strategies to grow in the global 5G services market.
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Table Of Content
- Chapter 1 Executive Summary
- 1.1. Introduction of 5G in Tour and Travel
- 1.2. Global 5G in Tour and TravelMarket, 2020 & 2026 (USD Million)
- 1.3. Global 5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 1.4. Global 5G in Tour and Travel MarketAbsulute Revenue Opportunity, 2016 – 2026(USD Million)
- 1.5. Global 5G in Tour and Travel MarketIncremental Revenue Opportunity, 2020 – 2026(USD Million)
- Chapter 2 5G in Tour and TravelMarket – Type Analysis
- 2.1. Global 5G in Tour and Travel Market – Type Overview
- 2.2. Global 5G in Tour and Travel Market Share, by Type, 2020 & 2026(USD Million)
- 2.3. Fixed Wireless Access
- 2.3.1. Global Fixed Wireless Access5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 2.4. Enhanced Mobile Broadband
- 2.4.1. Global Enhanced Mobile Broadband5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 2.5. Ultra-Reliable and Low Latency Communication
- 2.5.1. Global Ultra-Reliable and Low Latency Communication5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 2.6. Massive Machine Type Communication
- 2.6.1. Global Massive Machine Type Communication5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 2.7. Online Channels
- 2.7.1. Global Online Channels5G in Tour and Travel Market, 2016 – 2026(USD Million)
- Chapter 3 5G in Tour and TravelMarket – Regional Analysis
- 3.1. Global 5G in Tour and Travel Market Regional Overview
- 3.2. Global 5G in Tour and Travel Market Share, by Region, 2020 & 2026(USD Million)
- 3.3. North America
- 3.3.1. North America5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.3.1.1. North America5G in Tour and Travel Market, by Country, 2016 - 2026(USD Million)
- 3.3.2. North America5G in Tour and Travel Market, by Type, 2016 – 2026
- 3.3.2.1. North America5G in Tour and Travel Market, by Type, 2016 – 2026(USD Million)
- 3.3.3. U.S.
- 3.3.3.1. U.S.5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.3.4. Canada
- 3.3.4.1. Canada5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.3.1. North America5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.4. Europe
- 3.4.1. Europe5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.4.1.1. Europe5G in Tour and Travel Market, by Country, 2016 - 2026(USD Million)
- 3.4.2. Europe5G in Tour and Travel Market, by Type, 2016 – 2026
- 3.4.2.1. Europe5G in Tour and Travel Market, by Type, 2016 – 2026(USD Million)
- 3.4.3. Germany
- 3.4.3.1. Germany5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.4.4. France
- 3.4.4.1. France5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.4.5. U.K.
- 3.4.5.1. U.K.5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.4.6. Italy
- 3.4.6.1. Italy5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.4.7. Spain
- 3.4.7.1. Spain5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.4.8. Rest of Europe
- 3.4.8.1. Rest of Europe5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.4.1. Europe5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.5. Asia Pacific
- 3.5.1. Asia Pacific5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.5.1.1. Asia Pacific5G in Tour and Travel Market, by Country, 2016 - 2026(USD Million)
- 3.5.2. Asia Pacific5G in Tour and Travel Market, by Type, 2016 – 2026
- 3.5.2.1. Asia Pacific5G in Tour and Travel Market, by Type, 2016 – 2026(USD Million)
- 3.5.3. China
- 3.5.3.1. China5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.5.4. Japan
- 3.5.4.1. Japan5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.5.5. India
- 3.5.5.1. India5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.5.6. South Korea
- 3.5.6.1. South Korea5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.5.7. South-East Asia
- 3.5.7.1. South-East Asia5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.5.8. Rest of Asia Pacific
- 3.5.8.1. Rest of Asia Pacific5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.5.1. Asia Pacific5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.6. Latin America
- 3.6.1. Latin America5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.6.1.1. Latin America5G in Tour and Travel Market, by Country, 2016 - 2026(USD Million)
- 3.6.2. Latin America5G in Tour and Travel Market, by Type, 2016 – 2026
- 3.6.2.1. Latin America5G in Tour and Travel Market, by Type, 2016 – 2026(USD Million)
- 3.6.3. Brazil
- 3.6.3.1. Brazil5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.6.4. Mexico
- 3.6.4.1. Mexico5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.6.5. Rest of Latin America
- 3.6.5.1. Rest of Latin America5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.6.1. Latin America5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.7. The Middle-East and Africa
- 3.7.1. The Middle-East and Africa5G in Tour and Travel Market, 2016 – 2026(USD Million)
- 3.7.1.1. The Middle-East and Africa5G in Tour and Travel Market, by Country, 2016 - 2026(USD Million)
- 3.7.2. The Middle-East and Africa5G in Tour and Travel Market, by Type, 2016 – 2026
- 3.7.2.1. The Middle-East and Africa5G in Tour and Travel Market, by Type, 2016 – 2026(USD Million)
- 3.7.3. GCC Countries
- 3.7.3.1. GCC Countries5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.7.4. South Africa
- 3.7.4.1. South Africa5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.7.5. Rest of Middle-East Africa
- 3.7.5.1. Rest of Middle-East Africa5G in Tour and TravelMarket, 2016 – 2026(USD Million)
- 3.7.1. The Middle-East and Africa5G in Tour and Travel Market, 2016 – 2026(USD Million)
- Chapter 4 5G in Tour and TravelMarket – Competitive Landscape
- 4.1. Competitor Market Share – Revenue
- 4.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
- 4.3. Strategic Developments
- 4.3.1. Acquisitions and Mergers
- 4.3.2. New Products
- 4.3.3. Research & Development Activities
- Chapter 5 Company Profiles
- 5.1. AT&T
- 5.1.1. Company Overview
- 5.1.2. Product/ServicePortfulio
- 5.1.3. AT&T Sales, Revenue, and Gross Margin
- 5.1.4. AT&T Revenue and Growth Rate
- 5.1.5. AT&T Market Share
- 5.1.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.2. SK Telecom
- 5.2.1. Company Overview
- 5.2.2. Product/ServicePortfulio
- 5.2.3. SK Telecom Sales, Revenue, and Gross Margin
- 5.2.4. SK Telecom Revenue and Growth Rate
- 5.2.5. SK Telecom Market Share
- 5.2.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.3. Verizon
- 5.3.1. Company Overview
- 5.3.2. Product/ServicePortfulio
- 5.3.3. Verizon Sales, Revenue, and Gross Margin
- 5.3.4. Verizon Revenue and Growth Rate
- 5.3.5. Verizon Market Share
- 5.3.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.4. China Mobile
- 5.4.1. Company Overview
- 5.4.2. Product/ServicePortfulio
- 5.4.3. China Mobile Sales, Revenue, and Gross Margin
- 5.4.4. China Mobile Revenue and Growth Rate
- 5.4.5. China Mobile Market Share
- 5.4.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.5. BT
- 5.5.1. Company Overview
- 5.5.2. Product/ServicePortfulio
- 5.5.3. BT Sales, Revenue, and Gross Margin
- 5.5.4. BT Revenue and Growth Rate
- 5.5.5. BT Market Share
- 5.5.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.6. Bell Canada
- 5.6.1. Company Overview
- 5.6.2. Product/ServicePortfulio
- 5.6.3. Bell Canada Sales, Revenue, and Gross Margin
- 5.6.4. Bell Canada Revenue and Growth Rate
- 5.6.5. Bell Canada Market Share
- 5.6.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.7. Etisalat
- 5.7.1. Company Overview
- 5.7.2. Product/ServicePortfulio
- 5.7.3. Etisalat Sales, Revenue, and Gross Margin
- 5.7.4. Etisalat Revenue and Growth Rate
- 5.7.5. Etisalat Market Share
- 5.7.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.8. STC
- 5.8.1. Company Overview
- 5.8.2. Product/ServicePortfulio
- 5.8.3. STC Sales, Revenue, and Gross Margin
- 5.8.4. STC Revenue and Growth Rate
- 5.8.5. STC Market Share
- 5.8.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.9. Deutsche Telekom
- 5.9.1. Company Overview
- 5.9.2. Product/ServicePortfulio
- 5.9.3. Deutsche Telekom Sales, Revenue, and Gross Margin
- 5.9.4. Deutsche Telekom Revenue and Growth Rate
- 5.9.5. Deutsche Telekom Market Share
- 5.9.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.10. China Telecom
- 5.10.1. Company Overview
- 5.10.2. Product/ServicePortfulio
- 5.10.3. China Telecom Sales, Revenue, and Gross Margin
- 5.10.4. China Telecom Revenue and Growth Rate
- 5.10.5. China Telecom Market Share
- 5.10.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.11. Orange S.A.
- 5.11.1. Company Overview
- 5.11.2. Product/ServicePortfulio
- 5.11.3. Orange S.A. Sales, Revenue, and Gross Margin
- 5.11.4. Orange S.A. Revenue and Growth Rate
- 5.11.5. Orange S.A. Market Share
- 5.11.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.12. Vodafone
- 5.12.1. Company Overview
- 5.12.2. Product/ServicePortfulio
- 5.12.3. Vodafone Sales, Revenue, and Gross Margin
- 5.12.4. Vodafone Revenue and Growth Rate
- 5.12.5. Vodafone Market Share
- 5.12.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.13. China Unicom
- 5.13.1. Company Overview
- 5.13.2. Product/ServicePortfulio
- 5.13.3. China Unicom Sales, Revenue, and Gross Margin
- 5.13.4. China Unicom Revenue and Growth Rate
- 5.13.5. China Unicom Market Share
- 5.13.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.14. T-Mobile
- 5.14.1. Company Overview
- 5.14.2. Product/ServicePortfulio
- 5.14.3. T-Mobile Sales, Revenue, and Gross Margin
- 5.14.4. T-Mobile Revenue and Growth Rate
- 5.14.5. T-Mobile Market Share
- 5.14.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.15. Telstra
- 5.15.1. Company Overview
- 5.15.2. Product/ServicePortfulio
- 5.15.3. Telstra Sales, Revenue, and Gross Margin
- 5.15.4. Telstra Revenue and Growth Rate
- 5.15.5. Telstra Market Share
- 5.15.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.16. Telefonica
- 5.16.1. Company Overview
- 5.16.2. Product/ServicePortfulio
- 5.16.3. Telefonica Sales, Revenue, and Gross Margin
- 5.16.4. Telefonica Revenue and Growth Rate
- 5.16.5. Telefonica Market Share
- 5.16.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.17. KT
- 5.17.1. Company Overview
- 5.17.2. Product/ServicePortfulio
- 5.17.3. KT Sales, Revenue, and Gross Margin
- 5.17.4. KT Revenue and Growth Rate
- 5.17.5. KT Market Share
- 5.17.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.18. Rogers
- 5.18.1. Company Overview
- 5.18.2. Product/ServicePortfulio
- 5.18.3. Rogers Sales, Revenue, and Gross Margin
- 5.18.4. Rogers Revenue and Growth Rate
- 5.18.5. Rogers Market Share
- 5.18.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.19. LG U+
- 5.19.1. Company Overview
- 5.19.2. Product/ServicePortfulio
- 5.19.3. LG U+ Sales, Revenue, and Gross Margin
- 5.19.4. LG U+ Revenue and Growth Rate
- 5.19.5. LG U+ Market Share
- 5.19.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
- 5.1. AT&T
- Chapter 6 5G in Tour and Travel — Industry Analysis
- 6.1. Introduction and Taxonomy
- 6.2. 5G in Tour and Travel Market – Key Trends
- 6.2.1. Market Drivers
- 6.2.2. Market Restraints
- 6.2.3. Market Opportunities
- 6.3. Value Chain Analysis
- 6.4. Key Mandates and Regulations
- 6.5. Technulogy Roadmap and Timeline
- 6.6. 5G in Tour and TravelMarket – Attractiveness Analysis
- 6.6.1. By Type
- 6.6.2. By Region
- Chapter 7 Industrial Chain, Sourcing Strategy, and Downstream Buyers
- 7.1. 5G in Tour and Travel Industrial Chain Analysis
- 7.2. Downstream Buyers
- 7.3. Distributors/Traders List
- Chapter 8 Marketing Strategy Analysis
- 8.1. Marketing Channel
- 8.2. Direct Marketing
- 8.3. Indirect Marketing
- 8.4. Marketing Channel Development Trends
- 8.5. Economic/Pulitical Environmental Change
- Chapter 9 Report Conclusion& Key Insights
- 9.1. Key Insights from Primary Interviews & Surveys Respondents
- 9.2. Key Takeaways from Analysts, Consultants, and Industry Leaders
- Chapter 10 Research Approach & Methodulogy
- 10.1. Report Description
- 10.2. Research Scope
- 10.3. Research Methodulogy
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.3.3. Statistical Models
- 10.3.3.1. Company Share Analysis Model
- 10.3.3.2. Revenue Based Modeling
- 10.3.4. Research Limitations
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