I use 3/4" material with holes drilled to place router bits. The trays are about a foot square. I use that size as its easy to handle and it fits a toolbox to take on the job.
If you have a drawer in the shop that can be used to store bits, here is an idea that may provide easy access to your router bits and get some use out of wasted height openings, or drawer depths.
The pictures below are ones I took of a kitchen drawer renovation I did for silverware. Instead of silverware, use trays with the holes drilled in them and place trays on the bottom and the top. All the trays could be removable or switched around as desired.
Actually, this setup could be used for many different tools.
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This is the drawer with the tray moved to the rear.
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This is the drawer with the tray moved to the front.
.

.
If you have a drawer in the shop that can be used to store bits, here is an idea that may provide easy access to your router bits and get some use out of wasted height openings, or drawer depths.
The pictures below are ones I took of a kitchen drawer renovation I did for silverware. Instead of silverware, use trays with the holes drilled in them and place trays on the bottom and the top. All the trays could be removable or switched around as desired.
Actually, this setup could be used for many different tools.
.
This is the drawer with the tray moved to the rear.
.

.
This is the drawer with the tray moved to the front.
.

.


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