The global smart hearing protection equipment market expected to reach USD 2.05 billion by 2022

In recent years, the global smart hearing protection device market has developed steadily, with an average growth rate of 13.88%. The global smart hearing protection equipment market exceeded USD 840 million in 2016, and the output of intelligent hearing protection devices was about 8.5 million units. It is expected to reach USD 2.05 billion by 2022.

According to Marketsand Markets statistics, the current $ 6 billion global hearing aid industry is expected to grow at an annual growth rate of 6%, a trend that will continue until 2020. According to the World Health Organization (WHO) estimates, there are a total of 360 million people with disabled hearing loss worldwide. About one in three people over the age of 65 is affected by hearing loss.

It is generally believed that the elderly population aged 60 years and over accounts for 10% of the total population, which means entering an aging society. China entered an aging society in 1999 to 2017, with a net increase of 110 million in the elderly population, of which the number of newly added elderly population exceeded 10 million for the first time in 2017. It is estimated that the number of elderly population in China will reach a peak of 487 million by 2050, accounting for the total 34.9% of the population.

According to data released by the Office of the National Working Committee on Aging:

In 2017, China’s elderly population (over 60 years old) was 241 million, accounting for 17.3% of the country’s total population. In 2017 alone, the newly added elderly population exceeded 10 million.

 It is estimated that by 2020, the elderly population aged over 60 will increase to about 255 million, accounting for 17.8% of the total population; the elderly will increase to about 29 million, and the number of elderly people living alone and empty nests will increase to 1.18. About 100 million people, the old-age dependency ratio will increase to about 28%;

According to the internationally recognized incidence of hearing loss (pharmacological hearing loss, senile hearing loss, congenital hearing loss, sudden hearing loss, noise hearing loss, and hearing loss due to disease), approximately 278 million people worldwide suffer from Hearing loss of more than one degree, of which nearly 100 million are disabled due to deafness. According to statistics, the number of people with hearing impairment at different levels in the country is 219 million, accounting for 15.84% of the total population. Among them, 70 million people are hearing-impaired, which means that every 20 Chinese people have a hearing problem. China is one of the countries with the largest number of deaf people in the world. At present, the wearing rate of hearing aids in China is only 5%, while that in the United States is 24.6%. The development of China’s hearing aid industry provides a huge consumer market. It is estimated that by 2020, the market size of China’s hearing aid industry will reach 5 billion yuan.

Hearing aids are mainly composed of three parts, the main chip, the speaker and the microphone. The main components of the hearing aid are controlled by multinational groups. For example, the chips used in hearing aids come from three major manufacturers-Qualcomm, NXP Semiconductors NXP ( (Acquired by Qualcomm), ON Semiconductor. With the development of technology, hearing aids have entered the digital era, and the application of DSP chips has revolutionized the function of hearing aids.

The technical differences between domestic and imported hearing aids are manifested in the algorithms for speech signal processing in the hearing aid chip, as well as the quality of the molds and accessories. All brands of hearing aid product components are basically common, such as microphones, speakers, integration blocks, etc. from the same supplier. The only difference in core technology is the processing method (ie, algorithm) of the sound signal collected by the microphone in the chip, and the algorithm in the digital hearing aid DSP chip, which largely determines the product performance. Each brand has its own solution.