PUBLISHER: The Business Research Company | PRODUCT CODE: 1852602
PUBLISHER: The Business Research Company | PRODUCT CODE: 1852602
Reduced Instruction Set Computer V (RISC-V) is an open-standard instruction set architecture (ISA) designed to simplify processor development through a streamlined and highly efficient set of instructions. It supports flexible, low-cost, and energy-efficient hardware creation while removing the licensing fees associated with proprietary ISAs. RISC-V is applicable across a broad range of use cases, from embedded systems to high-performance computing, promoting innovation and enabling extensive customization in chip design.
The primary architecture types of Reduced Instruction Set Computer V (RISC-V) are standard RISC-V architecture, custom RISC-V architecture, and extensible RISC-V architecture. Standard RISC-V architecture provides a well-defined, extensible instruction set that ensures compatibility, eases design processes, and enables reliable, interoperable computing. The product offerings include microcontrollers (MCUs) and microprocessors (MPUs), which are applied in smartphones, fifth-generation (5G) devices, and Internet of Things (IoT) devices. These products serve various industry verticals, including consumer electronics, automotive, industrial and IoT, data centers and high-performance computing (HPC), networking and telecommunications, aerospace and defense, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.
The reduced instruction set computer V (RISC-V) market research report is one of a series of new reports from The Business Research Company that provides reduced instruction set computer V (RISC-V) market statistics, including the reduced instruction set computer V (RISC-V) industry global market size, regional shares, competitors with the reduced instruction set computer V (RISC-V) market share, detailed reduced instruction set computer V (RISC-V) market segments, market trends, and opportunities, and any further data you may need to thrive in the reduced instruction set computer V (RISC-V) industry. This reduced instruction set computer V (RISC-V) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The reduced instruction set computer V (RISC-V) market size has grown exponentially in recent years. It will grow from $1.85 billion in 2024 to $2.49 billion in 2025 at a compound annual growth rate (CAGR) of 34.5%. The growth in the historic period can be attributed to increasing academic and research interest, the expansion of the open-source hardware movement, rising demand for flexible instruction set architectures, growing adoption at the university level, and the increasing need for customizable processor designs.
The reduced instruction set computer V (RISC-V) market size is expected to see exponential growth in the next few years. It will grow to $8.04 billion in 2029 at a compound annual growth rate (CAGR) of 34.1%. The growth in the forecast period can be attributed to the growing deployment in automotive applications, increasing demand for edge computing devices, the expansion of RISC-V in Internet of Things (IoT) ecosystems, rising adoption in data centers and artificial intelligence (AI) workloads, and growing interest in national semiconductor independence. Major trends in the forecast period include technological advancements in RISC-V chip design, innovation in heterogeneous computing architectures, increased investment in RISC-V-based hardware accelerators, developments in RISC-V software toolchains, and innovation in low-power RISC-V core implementations.
The growing industrial automation is expected to drive the growth of the reduced instruction set computer V (RISC-V) market in the coming years. Industrial automation involves the use of control systems, including computers and robots, to operate machinery and processes with minimal human involvement. This trend is expanding as businesses aim for higher operational efficiency by automating repetitive tasks, reducing human error, and accelerating production. RISC-V contributes to industrial automation by offering a flexible, open-source processor architecture that supports customized, high-performance control systems. It provides scalability and energy efficiency for real-time processing in robotics, IoT devices, and smart factories, thereby improving precision and operational efficiency. For example, in September 2023, the International Federation of Robotics, a Germany-based nonprofit organization, reported that in 2022, global factory installations of industrial robots reached 553,052 units, marking a 5% increase from the previous year. This demonstrates how industrial automation is fueling the growth of the RISC-V market.
Leading companies in the RISC-V market are concentrating on advancements such as processors based on full out-of-order vector implementation to meet the demands of complex workloads in data centers and high-performance embedded applications. These processors are designed to execute instructions out of order for maximum efficiency while handling large data sets in parallel through vector operations, significantly boosting computing and AI workload performance. In November 2022, SiFive Inc., a US-based fabless semiconductor company, introduced the P670 and P470 RISC-V processors. These models integrate advanced features such as full out-of-order vector implementation, extended virtualization support, and RISC-V vector cryptography. They are built to deliver high performance and efficiency for compact, high-volume devices such as wearables, smart home products, industrial IoT systems, and augmented or virtual reality headsets. Additionally, they provide enhanced flexibility for the Android Open Source Project ecosystem, establishing themselves as competitive alternatives to traditional processor architectures.
In August 2022, Alphawave IP Group plc, a UK-based semiconductor company, acquired OpenFive for an undisclosed amount. This acquisition was aimed at broadening Alphawave's connectivity IP portfolio, expanding its customer reach, and accelerating its development capabilities in custom silicon and chiplet-based solutions. OpenFive, a US-based business unit of SiFive, is recognized as a pioneer and leader in RISC-V computing.
Major players in the reduced instruction set computer v (risc-v) market are Western Digital Corporation, Infineon Technologies Aktiengesellschaft (AG), Renesas Electronics Corporation, Microchip Technology Incorporated, Lattice Semiconductor Corporation, Tenstorrent Inc., SiFive Inc., Rivos Inc., Codasip S.R.O., Ventana Micro Systems Inc., IAR Systems AB, Semidynamics Technology Services (EXTOLL GmbH), XMOS Ltd., SEGGER Microcontroller Systems GmbH, Starfive Technology Co. Ltd., Andes Technology Corporation, Akeana Technologies Inc., Bluespec Inc., IPro Silicon IP Ltd., Cortus S.A.
North America was the largest region in the reduced instruction set computer V (RISC-V) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in reduced instruction set computer V (RISC-V) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the reduced instruction set computer V (RISC-V) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The reduced instruction set computer V (RISC-V) market consists of revenues earned by entities by providing services such as verification, testing, consulting, training, support and maintenance, integration, customization. The market value includes the value of related goods sold by the service provider or included within the service offering. The reduced instruction set computer V (RISC-V) market also includes sales of embedded devices, consumer electronics, high-performance computing and Field-Programmable Gate Array (FPGA)-based systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Reduced Instruction Set Computer V (Risc-V) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on reduced instruction set computer v (risc-v) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for reduced instruction set computer v (risc-v) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The reduced instruction set computer v (risc-v) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.