Hong Kong Autumn Electronics Fair kicks off with Gerontechnology amid Silver Economy Boom

Gerontechnology has taken the spotlight this autumn’s electronic fair on Monday, with multiple innovative elder-friendly products emerging amid the growing local silver economy.

“The demand and acceptance (of our products) are both gradually increasing, ”said Richard, a staff member from VCOM, a start-up manufacturer and exhibitor of senior technology products. He added that the company provides corresponding products for both indoor and outdoor use. 

Virginia Ngai, Sales Manager of Max Care Industrial Ltd, a Hong Kong-based manufacturer of senior technology products, said Hong Kong has a significant elderly population with relatively long life expectancy, adding that the market for age technology products in Hong Kong still has room for growth.

The percentage of the population aged 65 or above rose from 20.8% in mid-2022 to 23.9% in mid-2025 and is expected to continue growing in the future, presenting significant market potential, according to the Census and Statistics Department.

According to the Consumer Council’s Consumer Survey for the Silver Economy in Hong Kong, the average monthly expenditure (in local currency, excluding housing) for the elderly population aged 60-79 in 2024 stands at HK$7,785.

Average monthly spending for affluent and general senior consumers reached HK$13,649 and HK$4,284, respectively. 

Chloe Siu, Associate Director of the Master of Science in Smart Ageing and Gerontology, Hong Kong Lingnan University, said the elderly group shows a keen interest in medical products, such as intelligent health monitoring devices that track physical indicators and ensure safety, which can meet their needs.

“There are now many different platforms where seniors can look for what they need,” said Siu. She added that both offline and online markets now offer a wide range of choices, making it easier for older consumers to find suitable products.

She also noted that the purchasing power of individual users of gerontechnology mainly lies with “young elderly.”

The government’s Policy Address 2025, announced last month, outlined the establishment of a working group on ageing society strategies, led by the Deputy Chief Secretary for Administration, to coordinate policy development across various government departments.

The group will address elderly care, healthcare, housing, cultural and recreational services, and senior-friendly technology, while also exploring ways to advance the silver economy. It will consult the Elderly Commission and submit a report next year.

Siu said that all industries should utilise their strengths to promote the “Active Ageing” concept, as guided by the World Health Organisation, to foster the silver market and encourage seniors to participate in the community, ultimately achieving a high-quality life under an increasingly ageing society.