I think that's only true when the start up costs are relatively low, right? The airline industry also has a small number of very large players, but I don't know if we should also consider it ripe for disruption
The airline industry has already been massively disrupted by innovative startups and new investment. Startups have drastically changed the business of selling flights and travel services to consumers, the rise of budget airlines has completely changed the competitive landscape of that industry, and there’s countless ways that outside innovations have found their way into the supply chains of the big players.