In the field of aviation applications, the shipment of RFID tags has long exceeded 100 million. However, because the whole economic cycle is in a downward stage, and the impact of epidemic prevention policies in recent years, the aviation throughput has declined, resulting in a downward trend in the shipments of aviation baggage tags in 2019-2022. Now, although the economy is still in a downward cycle, the optimization of epidemic control has also led to an increase in the throughput of passenger aircraft, which will bring some growth to the shipment of aviation baggage tags in the future. Meanwhile, as more and more airline companies pay more attention to intelligence, the market penetration of RFID in aviation baggage tags and in-flight asset tags is gradually increasing, so the tag shipments will soon return to the high point of 2019 and maintain a relatively stable growth on this basis.
In-flight asset management, the current shipment size is not large. In-flight asset management is mainly for the management of oxygen cylinders and life jackets, which are mainly used in large passenger planes for multinational use, and the amount of tags used in one plane is about 300 pieces of tags. Moreover, most manufacturers of life jackets and oxygen bottles include RFID tags in their production processes, which requires more cooperation with the product manufacturers.
RFID intelligent tool cabinet is also a product that accounts for a relatively large share of shipments and scale in the field of aviation applications, which is mainly provided to the maintenance departments of airlines for tool management. This piece of demand from 2019, and maintain a high rate of growth, although the scale is not large, but its rapid growth of the market size should not be underestimated.