RISC-V Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025

Description

The Global RISC-V Market was valued at USD 1.76 billion in 2024 and is estimated to grow at a CAGR of 30.7% to reach USD 25.73 billion by 2034. This impressive expansion is attributed to the growing preference for customizable and license-free processor architectures, increasing integration of RISC-V cores in AI and machine learning systems, and rising funding and support from ecosystem players. With RISC-V offering a more affordable and flexible alternative to traditional proprietary architectures, its adoption is spreading quickly across multiple end-use sectors. The movement toward open-source silicon, combined with government incentives to strengthen domestic chip manufacturing capabilities in emerging economies, is further enhancing adoption. Additionally, the global surge in smart connected devices and automation is fueling consistent demand for adaptable, low-power, and scalable processor platforms powered by RISC-V.

RISC-V adoption in the automotive space is accelerating, particularly for real-time computing needs across systems like ADAS, infotainment, and powertrain controllers. The architecture is also gaining traction in IoT environments such as home automation, industrial monitoring, and connected wearables, where its modularity and cost efficiency provide substantial benefits. Strong development in these areas, especially across key regions in Southeast Asia, India, and China, is fueled by supportive public initiatives, local semiconductor infrastructure investments, and increasing emphasis on open computing models.

Market Scope
Start Year	2024
Forecast Year	2025-2034
Start Value	$1.76 Billion
Forecast Value	$25.73 Billion
CAGR	30.7%

The standard RISC-V architecture segment held 43% share and recorded revenue of USD 758.6 million. Its popularity stems from widespread usage in embedded and IoT applications due to its open design, reliable specs, and modular features, making it ideal for budget-sensitive markets. Meanwhile, the custom RISC-V architecture segment is expected to register a robust CAGR of 33.6% through 2034 as enterprises increasingly seek tailored chip solutions for high-performance tasks in areas like AI, cloud computing, and real-time control systems.

In 2024, the industrial and IoT segment was the largest application area, holding a 28.2% share and generating USD 497.5 million. Adoption in this sector is rising thanks to the need for energy-efficient processors that can support edge computing, predictive analytics, and advanced automation systems. RISC-V enables scalable deployment across devices such as sensors, controllers, and gateways, all requiring compact yet powerful computing resources.

U.S. RISC-V Market generated USD 350.4 million in 2024, supported by rising use in aerospace, data centers, and industrial environments that prioritize AI-powered and secure systems. Companies in the U.S. are transitioning from proprietary architectures to open, customizable ones to reduce dependency and encourage innovation. RISC-V firms in the U.S. are focused on delivering high-performance cores for demanding applications across automotive, cloud, and mission-critical workloads, all while aligning with federal priorities for secure and independent tech ecosystems.

Top participants in the RISC-V Market include Codasip S.R.O., SiFive, Inc., Infineon Technologies AG, Andes Technology Corp., and Starfive Technology Co. Ltd. Firms operating in the RISC-V sector are prioritizing customizable core design to address specific performance needs in AI, industrial automation, and next-gen automotive systems. Strategic partnerships with software ecosystem players and toolchain developers help accelerate time to market. Many companies are heavily investing in R&D to build robust silicon platforms that integrate RISC-V cores with advanced memory, security, and connectivity features. Regional expansion, especially in emerging markets, is supported through local collaborations and licensing models.

Product Code: 14490

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Data mining sources
- 1.3.1 Global
- 1.3.2 Regional/Country
1.4 Base estimates and calculations
- 1.4.1 Base year calculation
- 1.4.2 Key trends for market estimation
1.5 Primary research and validation
- 1.5.1 Primary sources
1.6 Forecast model
1.7 Research assumptions and limitations

Chapter 2 Executive Summary

2.1 Industry snapshot
2.2 Key market trends
- 2.2.1 Architecture type trends
- 2.2.2 Industry vertical trends
- 2.2.3 End use trends
- 2.2.4 Regional
2.3 TAM Analysis, 2025-2034 (USD Billion)
2.4 CXO perspectives: Strategic imperatives
- 2.4.1 Executive decision points
- 2.4.2 critical success factors
2.5 Future outlook and strategic recommendations

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Supplier landscape
- 3.1.2 Profit margin
- 3.1.3 Cost structure
- 3.1.4 Value addition at each stage
- 3.1.5 Factor affecting the value chain
- 3.1.6 Disruptions
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising demand for customizable and open-source architectures
  - 3.2.1.2 Growing adoption in automotive and IoT applications
  - 3.2.1.3 Expansion of AI and machine learning workloads
  - 3.2.1.4 Increased investment and ecosystem support
  - 3.2.1.5 Cost-effectiveness compared to proprietary ISAs
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Lack of mature software ecosystem
  - 3.2.2.2 Fragmentation due to custom extensions
3.3 Growth potential analysis
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Latin America
- 3.4.5 Middle East & Africa
3.5 Porter's analysis
3.6 PESTEL analysis
3.7 Technology and innovation landscape
- 3.7.1 Current technological trends
- 3.7.2 Emerging technologies
3.8 Price trends
- 3.8.1 Historical price analysis (2021-2024)
- 3.8.2 Price trend drivers
- 3.8.3 Regional price variations
- 3.8.4 Price forecast (2025-2034)
3.9 Pricing strategies
3.10 Emerging business models
3.11 Compliance requirements
3.12 Sustainability measures
- 3.12.1 Sustainable materials assessment
- 3.12.2 Carbon footprint analysis
- 3.12.3 Circular economy implementation
- 3.12.4 Sustainability certifications and standards
- 3.12.5 Sustainability roi analysis
3.13 Global consumer sentiment analysis
3.14 Patent analysis

Chapter 4 Competitive Landscape, 2024

4.1 Introduction
4.2 Company market share analysis
- 4.2.1 By region
  - 4.2.1.1 North America
  - 4.2.1.2 Europe
  - 4.2.1.3 Asia Pacific
  - 4.2.1.4 Latin America
  - 4.2.1.5 Middle East & Africa
- 4.2.2 Market concentration analysis
4.3 Competitive benchmarking of key players
- 4.3.1 Financial performance comparison
  - 4.3.1.1 Revenue
  - 4.3.1.2 Profit margin
  - 4.3.1.3 R&D
- 4.3.2 Product portfolio comparison
  - 4.3.2.1 Product range breadth
  - 4.3.2.2 Technology
  - 4.3.2.3 Innovation
- 4.3.3 Geographic presence comparison
  - 4.3.3.1 Global footprint analysis
  - 4.3.3.2 Service network coverage
  - 4.3.3.3 Market penetration by region
- 4.3.4 Competitive positioning matrix
  - 4.3.4.1 Leaders
  - 4.3.4.2 Challengers
  - 4.3.4.3 Followers
  - 4.3.4.4 Niche players
- 4.3.5 Strategic outlook matrix
4.4 Key developments, 2021-2024
- 4.4.1 Mergers and acquisitions
- 4.4.2 Partnerships and collaborations
- 4.4.3 Technological advancements
- 4.4.4 Expansion and investment strategies
- 4.4.5 Sustainability initiatives
- 4.4.6 Digital transformation initiatives
4.5 Emerging/ startup competitors landscape

Chapter 5 Market Estimates and Forecast, By Architecture Type, 2021 - 2034 (USD Million)

5.1 Key trends
5.2 Standard RISC-V architecture
5.3 Custom RISC-V architecture
5.4 Extensible RISC-V architecture

Chapter 6 Market Estimates and Forecast, By Industry Vertical, 2021 - 2034 (USD Million)

6.1 Key trends
6.2 Consumer electronics
6.3 Automotive
6.4 Industrial & IoT
6.5 Data centers & HPC
6.6 Networking & telecom
6.7 Aerospace & defense
6.8 Others

Chapter 7 Market Estimates and Forecast, By End Use, 2021 - 2034 (USD Million)

7.1 Key trends
7.2 Chip designers / IP integrators
7.3 OEMs / device manufacturers
7.4 Software developers
7.5 Government & defense agencies
7.6 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2034 (USD Million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Netherlands
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 Australia
- 8.4.5 South Korea
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 Middle East and Africa
- 8.6.1 Saudi Arabia
- 8.6.2 South Africa
- 8.6.3 UAE

Chapter 9 Company Profiles

9.1 Andes Technology Corp.
9.2 Bluespec
9.3 Codasip S.R.O.
9.4 IAR Systems AB
9.5 Infineon Technologies AG
9.6 Lattice Semiconductor Corporation
9.7 Microchip Technology Incorporated
9.8 Renesas Electronics Corporation
9.9 SiFive, Inc.
9.10 Starfive Technology Co. Ltd.

RISC-V Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034