Book archives is another relatively large market, the library market is divided into two parts, one is the public library institutions, the other part is the general universities and colleges in the country, in addition, government agencies and state-owned enterprises and institutions have a large number of total archives.

Market Summary:

Higher education institutions only count the number of undergraduate and specialised colleges and universities, independent colleges and universities and schools of adult continuing education are not counted. Colleges and universities in China generally have multiple libraries, and based on an average of 2 libraries per institution, the total number of libraries in colleges and universities is expected to be around 6,000, and with the addition of the number of public libraries, the total number is close to 10,000.

According to our information, the number of books in libraries varies greatly. Calculating on the basis of an average of 500,000 books per library, large libraries have a collection of about 5 billion books.

Of course, apart from large libraries, there are also many special libraries and community libraries, and the overall library collection will be much larger than the figure of 5 billion.

In addition, banks, insurance and other financial institutions also have a large number of documents and files that need to be managed, and we estimate that the capacity of the entire library and archive market is about 10 billion pcs or more.

UHF China and HF China are used in parallel in the library archive market, with university libraries being dominated by UHF China solutions and public libraries by HF China tags.

The library China tag market has maintained good growth every year, and the competition in the library market is much smaller compared to clothing retail, which can maintain good profits.

At present, the rfid tags for books and files have an annual market shipment of about 5-10 billion, even if the penetration rate of 100%, there is still a certain amount of new books and files need to be warehoused every year, and a certain amount of old books and files need to be replaced due to wear and tear, and we expect that there will be about 10% of new additions and losses every year, which will still be able to maintain the market for a long time.