RISC-V Tech Market Size, Share, Trends, & Industry Analysis Report By Product Type (Microcontroller (MCU), Microprocessor (MPU), System-on-Chip (SoC)), By Application, By End User, and By Region

Description

List of Tables

The RISC-V Tech Market size is expected to reach USD 17.40 Billion by 2034, according to a new study by Polaris Market Research. The report "RISC-V Tech Market Share, Size, Trends, Industry Analysis Report: By Product Type (Microcontroller (MCU), Microprocessor (MPU), System-on-Chip (SoC)), By Application, By End User, and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The RISC-V technology market is expanding as chipmakers, system developers and device manufacturers are adopting open-source processor architectures for performance efficiency, design flexibility and cost control. The rise of AI workloads, embedded computing and domain-specific hardware is strengthening the demand for customizable processor IP. Many industries are actively shifting toward license-free silicon solutions to reduce development costs, enable architectural innovation and speed up time-to-market.

Market growth is driven by increased semiconductor design activities, rising adoption of edge devices and government-backed investments in processor independence. The adoption of RISC-V-based processors in data centers, automotive electronics, consumer devices and industrial applications is driving the demand for the market. Moreover, companies are integrating AI support, real-time processing capabilities and modular core designs to meet evolving computing needs across varied sectors.

RISC-V Tech Market Report Highlights

Based on product type, the system-on-chip (SoC) market is expected to experience strong growth during the forecast period, driven by increasing demand for highly integrated semiconductor solutions that combine processing capabilities, memory, and connectivity functions on a single chip.

In terms of application, the IoT devices segment held the dominant market position in 2024, owing to the specific requirements for energy-efficient, scalable, and application-optimized processors in IoT implementations.

Asia Pacific's RISC-V technology industry captured the largest global market share in 2024, supported by the region's established semiconductor manufacturing infrastructure and strategic initiatives to develop independent processor technologies.

North American RISC-V technology sector is anticipated to achieve substantial market penetration by 2034, benefiting from the region's robust innovation environment and government-backed programs supporting alternative processor architectures.

A few global key market players include SiFive, Inc., Codasip, Andes Technology Corporation, Ventana Micro Systems Inc., Imagination Technologies, Microchip Technology Inc., GreenWaves Technologies, Bluespec, Inc., GigaDevice, Syntacore, Synopsys, Inc., Intel Corporation, Qualcomm Incorporated, RiVAI Technologies, and Alibaba Group Holdings Ltd.

Polaris Market Research has segmented the market report on the basis of product type, application, end user, offering, and region:

By Product Type Outlook (Revenue, USD Billion, 2020-2034)

Microcontroller (MCU)

Microprocessor (MPU)

System-on-Chip (SoC)

Application-Specific Integrated Circuit (ASIC)

Other Product Type

By Application Outlook (Revenue, USD Billion, 2020-2034)

Smartphones

5G Devices

Data Centers

Personal Computer and Gaming Consoles

Cellular Network Devices

IoT Devices

Other Application

By End User Outlook (Revenue, USD Billion, 2020-2034)

Consumer Electronics

Automotive and Transportation

Computing and Storage

Communication Infrastructure

Healthcare

Aerospace and Defense

Industrial

Other End User Industries

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America

Canada

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Product Code: PM5967

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global RISC-V Tech Market Insights

4.1. RISC-V Tech Market - Market Snapshot
4.2. RISC-V Tech Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rapid Investment in the Semiconductor Industry
  - 4.2.1.2. Global Expansion of Consumer Electronics
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Development and Customization Costs
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. RISC-V Tech Market Trends
4.6. Value Chain Analysis

5. Global RISC-V Tech Market, by Product Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
5.3. Microcontroller (MCU)
- 5.3.1. Global RISC-V Tech Market, by Microcontroller (MCU), by Region, 2020-2034 (USD Billion)
5.4. Microprocessor (MPU)
- 5.4.1. Global RISC-V Tech Market, by Microprocessor (MPU), by Region, 2020-2034 (USD Billion)
5.5. System-on-Chip (SoC)
- 5.5.1. Global RISC-V Tech Market, by System-on-Chip (SoC), by Region, 2020-2034 (USD Billion)
5.6. Application-Specific Integrated Circuit (ASIC)
- 5.6.1. Global RISC-V Tech Market, by Application-Specific Integrated Circuit (ASIC), by Region, 2020-2034 (USD Billion)
5.7. Other Product Type
- 5.7.1. Global RISC-V Tech Market, by Other Product Type, by Region, 2020-2034 (USD Billion)

6. Global RISC-V Tech Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
6.3. Smartphones
- 6.3.1. Global RISC-V Tech Market, by Smartphones, by Region, 2020-2034 (USD Billion)
6.4. 5G Devices
- 6.4.1. Global RISC-V Tech Market, by 5G Devices, by Region, 2020-2034 (USD Billion)
6.5. Data Centers
- 6.5.1. Global RISC-V Tech Market, by Data Centers, by Region, 2020-2034 (USD Billion)
6.6. Personal Computer and Gaming Consoles
- 6.6.1. Global RISC-V Tech Market, by Personal Computer and Gaming Consoles, by Region, 2020-2034 (USD Billion)
6.7. Cellular Network Devices
- 6.7.1. Global RISC-V Tech Market, by Cellular Network Devices, by Region, 2020-2034 (USD Billion)
6.8. IoT Devices
- 6.8.1. Global RISC-V Tech Market, by IoT Devices, by Region, 2020-2034 (USD Billion)
6.9. Other Application
- 6.9.1. Global RISC-V Tech Market, by Other Application, by Region, 2020-2034 (USD Billion)

7. Global RISC-V Tech Market, by End User

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
7.3. Consumer Electronics
- 7.3.1. Global RISC-V Tech Market, by Consumer Electronics, by Region, 2020-2034 (USD Billion)
7.4. Automotive and Transportation
- 7.4.1. Global RISC-V Tech Market, by Automotive and Transportation, by Region, 2020-2034 (USD Billion)
7.5. Computing and Storage
- 7.5.1. Global RISC-V Tech Market, by Computing and Storage, by Region, 2020-2034 (USD Billion)
7.6. Communication Infrastructure
- 7.6.1. Global RISC-V Tech Market, by Communication Infrastructure, by Region, 2020-2034 (USD Billion)
7.7. Healthcare
- 7.7.1. Global RISC-V Tech Market, by Healthcare, by Region, 2020-2034 (USD Billion)
7.8. Aerospace and Defense
- 7.8.1. Global RISC-V Tech Market, by Aerospace and Defense, by Region, 2020-2034 (USD Billion)
7.9. Industrial
- 7.9.1. Global RISC-V Tech Market, by Industrial, by Region, 2020-2034 (USD Billion)
7.10. Other End User Industries
- 7.10.1. Global RISC-V Tech Market, by Other End User Industries, by Region, 2020-2034 (USD Billion)

8. Global RISC-V Tech Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. RISC-V Tech Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. RISC-V Tech Market - North America
- 8.3.1. North America: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
- 8.3.2. North America: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
- 8.3.3. North America: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.3.4. RISC-V Tech Market - U.S.
  - 8.3.4.1. U.S.: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.3.4.2. U.S.: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.3.4.3. U.S.: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.3.5. RISC-V Tech Market - Canada
  - 8.3.5.1. Canada: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
8.4. RISC-V Tech Market - Europe
- 8.4.1. Europe: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
- 8.4.3. Europe: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.4. RISC-V Tech Market - UK
  - 8.4.4.1. UK: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.5. RISC-V Tech Market - France
  - 8.4.5.1. France: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.5.2. France: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.5.3. France: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.6. RISC-V Tech Market - Germany
  - 8.4.6.1. Germany: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.7. RISC-V Tech Market - Italy
  - 8.4.7.1. Italy: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.8. RISC-V Tech Market - Spain
  - 8.4.8.1. Spain: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.9. RISC-V Tech Market - Netherlands
  - 8.4.9.1. Netherlands: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.10. RISC-V Tech Market - Russia
  - 8.4.10.1. Russia: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.4.11. RISC-V Tech Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
8.5. RISC-V Tech Market - Asia Pacific
- 8.5.1. Asia Pacific: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.4. RISC-V Tech Market - China
  - 8.5.4.1. China: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.4.2. China: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.4.3. China: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.5. RISC-V Tech Market - India
  - 8.5.5.1. India: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.5.2. India: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.5.3. India: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.6. RISC-V Tech Market - Malaysia
  - 8.5.6.1. Malaysia: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.7. RISC-V Tech Market - Japan
  - 8.5.7.1. Japan: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.8. RISC-V Tech Market - Indonesia
  - 8.5.8.1. Indonesia: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.9. RISC-V Tech Market - South Korea
  - 8.5.9.1. South Korea: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.10. RISC-V Tech Market - Australia
  - 8.5.10.1. Australia: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.5.11. RISC-V Tech Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
8.6. RISC-V Tech Market - Middle East & Africa
- 8.6.1. Middle East & Africa: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.6.4. RISC-V Tech Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.6.5. RISC-V Tech Market - UAE
  - 8.6.5.1. UAE: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.6.6. RISC-V Tech Market - Israel
  - 8.6.6.1. Israel: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.6.7. RISC-V Tech Market - South Africa
  - 8.6.7.1. South Africa: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.6.8. RISC-V Tech Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
8.7. RISC-V Tech Market - Latin America
- 8.7.1. Latin America: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
- 8.7.3. Latin America: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.7.4. RISC-V Tech Market - Mexico
  - 8.7.4.1. Mexico: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.7.5. RISC-V Tech Market - Brazil
  - 8.7.5.1. Brazil: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.7.6. RISC-V Tech Market - Argentina
  - 8.7.6.1. Argentina: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)
- 8.7.7. RISC-V Tech Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: RISC-V Tech Market, by Product Type, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: RISC-V Tech Market, by Application, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: RISC-V Tech Market, by End User, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Alibaba Group Holdings Ltd.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Andes Technology Corporation
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Bluespec, Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Codasip
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. GigaDevice
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. GreenWaves Technologies
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Imagination Technologies
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Intel Corporation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Microchip Technology Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Qualcomm Incorporated
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. RiVAI Technologies
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. SiFive, Inc.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. Synopsys, Inc.
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. Syntacore
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
10.15. Ventana Micro Systems Inc.
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development