RISC-V Market Size - By Architecture Type, By Industry Vertical, and By End Use - Global Forecast, 2025 - 2034

RISC-V Market Size

The global RISC-V market was estimated at USD 1.76 billion in 2024. The market is expected to grow from USD 2.30 billion in 2025 to USD 8.57 billion in 2030 and USD 25.73 billion by 2034, at a CAGR of 30.7% during the forecast period of 2025–2034.

• The RISC-V industry will grow due to rising demand for customizable and open-source architectures, expansion of AI and machine learning workloads, increased investment and ecosystem support, and cost-effectiveness compared to proprietary ISAs.
   
• The growing adoption of RISC-V in automotive for infotainment, real-time control, ADAS (Advanced Driver Assistance Systems) is a key factor driving the expansion of the market.
   
• The demand for RISC-V is increasing in the IoT applications such as smart homes, industrial automation, wearables devices, and it can be also customized to match manufacturer requirements.
   
• With advancements in the automotive and IoT sectors growing rapidly and requiring more specialization of computing, the adoption of RISC-V is accelerating rapidly.
   
• Government initiatives to promote domestic semiconductor development, increasing demand for smart and connected devices, and ongoing innovation in RISC-V technologies have all contributed to strong market growth across key economies, including China, India, and Southeast Asia.
   
• Supportive policies in emerging countries are promoting open-source architecture adoption, alongside investment in R&D activities and local chip manufacturing, are enabling and speeding up RISC-V-based solutions.
   

RISC-V Market Trends

• The development of the RISC-V industry is stimulated by growing demand for open-source, adaptable processor architectures that facilitate quicker innovation & cost savings across various industries.
• Increasing adoption of RISC-V technology in edge computing and embedded systems, where low power usage, security, and scalability are paramount will enhance the growth of the market. For example, smart home devices and industrial sensors now utilize RISC-V chip designs to achieve efficient & custom performance.
   
• RISC-V technology is becoming more popular with the continuous improvement in security capabilities, modular extension support, & real-time processing acceleration. SiFive and Alibaba's T-Head have released new RISC-V cores that can be optimized for AI workloads and automotive applications.
   
• Governments and national semiconductor initiatives are promoting the use of freely available (open source) hardware, such as RISC-V, to reduce foreign dependence on chip architectures and to stimulate domestic development in chip design capabilities.
   
• Initiatives in China, India and the EU, through the Indian Semiconductor Mission (ISM) and Chinese sponsorship of the RISC-V Alliance, have provided foreign development efforts toward RISC-V processors. With growing digitization and the drive for homegrown innovation, there is accelerating demand for RISC-V.
   

RISC-V Market Analysis

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Based on architecture type, the market is segmented into standard RISC-V architecture, custom RISC-V architecture and extensible RISC-V architecture. The standard RISC-V architecture segment accounts for the highest market share of 43% in 2024 and the custom RISC-V architecture segment holds a CAGR of 33.6% during the forecast period from 2025-2034.
 

• The standard RISC-V architecture segment holds the largest share and accounted for a value of USD 758.6 million in 2024. This segment is recording strong growth driven by its established reliability, modular nature, and extensive use in embedded systems, wearables, and low-power IoT applications.
   
• The open and stable specifications of standard RISC-V architecture are ideally suited for mass-market products, especially in developing economies where there is increased interest in scalable and more affordable processing solutions. This architecture has credible development ecosystems to conveniently integrate on hardware and software platforms.
   
• The custom RISC-V architecture is the fastest-growing segment and is anticipated to be growing at a CAGR of 33.6% during the forecast period from 2025-2034. This growth is driven by its rising adoption in real-time industrial control systems, automotive-grade chips, & AI accelerators.
   
• Custom RISC-V provide improved performance, improved silicon utilization, as well as domain-specific functionality, all of which are important in automotive, aerospace, & robotics applications.
   
• Domain-specific demands & increasing needs for domain-optimized performance are encouraging firms to invest in Custom RISC-V offerings. For example, Alibaba's custom-made Xuantie C910 & C920 cores are designed for high-performance AI and edge use cases, which are being used in smart manufacturing & surveillance networks.

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On the basis of the industry vertical, the RISC-V market is categorized into consumer electronics, automotive, industrial & IoT, data centers & HPC, networking & telecom, aerospace & defense and others. The industrial & IoT segment accounts for the highest market share of 28.2% in 2024.
 

• The industrial & IoT segment was the largest and accounted USD 497.5 million in 2024. The demand for RISC-V in industrial & IoT segment is fueled by growing deployment of smart controllers, sensors, and edge computing components needing power-efficient, real-time, and scalable processor architecture.
   
• RISC-V supports varied IoT solutions, such as predictive maintenance in smart agriculture and factory automation. Moreover, due to the low power profile, cost-effectiveness, and modularity of RISC-V, it is widely used in the industrial & IoT solutions.
   
• The industry is also being supported by increasing dependence on design houses and third-party IP vendors providing pre-validated, customizable RISC-V cores for industrial and IoT usage. It decreases the load on OEMs and supports quicker time-to-market with industry-level compliance. For example, QuickLogic Corporation and Andes Technology provide industrial-ready RISC-V IPs incorporating security features and low power that meet IEC and ISO specifications for industrial environments.
   
• The data centers & HPC segment is the fastest growing segment and is likely to grow at a CAGR of 33.1% from 2025-2034. Growth stems from the rise in adoption of RISC-V in hyperscale computing, AI model training, and high-performance parallel processing where customization and energy efficiency are essential.
   
• RISC-V-based accelerators used in data centers & HPC can now support AI inference, cryptography, and data compression with competitive performance and reduced licensing overhead. Such growth is being enhanced with the innovative RISC-V chipsets for AI for the servers & secure cloud infrastructure.
   
• For example, Ventana Micro Systems, introduced a dedicated cloud data center- grade CPU core called Veyron V1, which uses the RISC-V processor architecture to facilitate high-compute-throughput environments. It features real-time telemetry, system traceability, and security based on hardware. These are critical parts to next-gen cloud data centers and HPC clusters.
   

The RISC-V market from end use segment is further divided into chip designers / IP integrators, OEMs / device manufacturers, software developers, government & defense agencies, and others. The chip designers / IP integrators market has the largest market share of 30.1% in 2024 and software developers are expected to register a CAGR of 32.2% during the forecast period.
 

• The chip designers / IP integrators segment was the largest and accounted for USD 531 million in 2024. This dominance is attributed to the growing number of semiconductor firms and IP vendors adopting RISC-V for designing scalable, cost-effective, and customizable processor cores.
   
• RISC-V's open-source allows IP integrators to create differentiated silicon products without the constraints of proprietary instruction sets. The widespread adoption of flexible, modular RISC-V IP has enhanced the development of chips for consumer electronics, industrial controllers, and automotive applications.
   
• In addition, there is rise in chip designers / IP integrators due to the usage of a third-party IP vendor like Codasip, Andes Technology, SiFive to deliver pre-certified, customizable RISC-V cores. These vendors allow semiconductor companies to shorten time-to-market while remaining compliant.
   
• The software developers hold the highest growth rate and is poised to grow with a 32.2% CAGR over the forecast period from 2025-2034. The growth for the software developers is driven by the need to build a robust RISC-V software ecosystem including compilers, operating systems, SDKs, and development tools.
   
• As RISC-V hardware adoption rises, developers are essential for porting and optimizing code, enabling platform compatibility, and supporting real-time and AI/ML applications across diverse verticals.
   
• The pace of innovation in RISC-V software stacks, such as RISC-V versions of Linux, Zephyr, and FreeRTOS are rapidly becoming essential for deployment of embedded and edge systems. With increasing interest in software-defined hardware, code portability, and ecosystem investment.

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The North America RISC-V market held 24.8% market share in 2024 and is growing at a 29% CAGR form 2025-2034, driven by increased demand for secure, customizable processor solutions, growing adoption in edge computing and automotive sectors, and growing investments in domestic semiconductor innovations and open-source hardware initiatives.
 

• The U.S. market has been growing consistently, realizing a CAGR of 28.4% and reaching USD 350.4 million in 2024. The growth is driven by intense adoption in data center, aerospace, and industrial applications based on AI, backed by an effort to minimize reliance upon proprietary chip architectures. Federal governments like DARPA and NASA are increasingly adopting RISC-V-based platforms for mission-critical and secure computing.
   
• To stay competitive, RISC-V providers in the U.S. like SiFive, Ventana Micro Systems, and Esperanto Technologies are providing advanced customizable cores targeted at AI/ML, cloud infrastructure, and automotive-grade use cases. These companies are building traceability features, secure boot, and real-time analytics into their offerings, indicating a shift towards smarter and more robust SoC solutions.
   
• The Canada market is anticipated to grow significantly at a CAGR of 31% during the forecast period. Clean technology, IoT for precision farming, and digital infrastructure in Canada are the driving forces for clean-standard, energy-efficient processors. The Canadian organization CMC Microsystems is expanding access to RISC-V tools and chip design capabilities through academic and industry collaborations to help drive innovation in low-power and edge computing.
   

Europe accounted for a 20.6% market share in 2024, driven by the effects of open source technology adoption, the robustness of the manufacturing base, conformity to the objectives of the circular economy and EU Digital Sovereignty.
 

• The German RISC-V market was accounted USD 79.7 million in 2024 and is predicted to grow at a CAGR of 28.7% over the forecast period. Germany's dominance in auto electronics, industrial manufacturing, and industrial robotics is driving demand for modular and programmable processor architectures.
   
• RISC-V cores are being adopted by German companies to drive real-time control systems, predictive maintenance equipment, and low-latency industrial edge computing. Germany RISC-V players are responding to EU Green Deal objectives and the Industry 4.0 drive by merging safe, low-power processors in modularity, traceable, and eco-compliant applications.
   
• The UK RISC-V market will surpass USD 1.25 billion by 2034. The UK-specific market is fuelled by the development in autonomous systems, defense technology, and AI-enabled hardware. The regulatory upheaval of Brexit is forcing UK tech companies to concentrate on native, standards-based chip design.
   
• UK packaging and hardware companies are using intelligent traceability technology such as chips enabled with QR Chips, secure bootloaders, and electronic product passports in IoT and automotive platforms. These capabilities ensure compliance with DEFRA, DSIT, and FSA regulations, while also conforming with international supply chain traceability and cybersecurity standards.
   
• A partnership of UK academic institutions and agritech accelerators with semiconductor start-ups are also driving a domestic RISC-V movement. Projects including the CORE-V Family with OpenHW Group, and RISC-V-based embedded projects at University of Southampton, are developing the local RISC-V ecosystem for future-proof digital infrastructure.
   

Asia-Pacific was the RISC-V market leader with a market share of 40.5% in 2024. Growth in the region is fuelled by surged digitalization, regional semiconductor sovereignty ambitions, surged industrial automation, and growing use of RISC-V in automotive, IoT, and AI hardware.
 

• China's market valued at USD 294.2 million in 2024 is expected to grow with a CAGR of 32% over the forecast period. Being a manufacturing hub, China is employing RISC-V to minimize dependence on international IP, aligning with its "Made in China 2025" policy. Consumer electronics, surveillance systems, edge AI, & industrial robotics are some applications where RISC-V is widely adopted in the China market. Government initiatives and firms such as Alibaba's T-Head & StarFive are spearheading RISC-V processor development with commercial rollouts in intelligent devices and chipsets.
   
• Japan market has been growing steadily, achieving a CAGR of 34.1% and reaching a valuation of USD 90.2 million in 2024. Japan has a reputation for high standards, a precision-oriented manufacturing industry, and leading the consumer electronics and automotive industries, which is generating interest in custom and secure RISC-V cores. Japanese companies are utilizing RISC-V across embedded systems, ADAS (advanced driver-assistance systems), and smart-infrastructure hardware.
   
• South Korea market was valued at USD 61.1 million in 2024, growing at a CAGR of 34.7% during the forecast period. With its strong electronics and semiconductor industry, South Korea is adopting RISC-V cores for IoT sensors, AI edge devices, and automotive ECUs. The South Korean government is motivating established chip developers to develop more local chips through its K-Semiconductor Belt Strategy. The South Korean Initiative K-Semiconductor Belt Strategy is introducing an open standard design that is enabling cost management and, therefore, improved competitiveness for export.
   

Latin America had 7.8% RISC-V market share in 2024 and growing at a CAGR of 27.9%. The growth is fueled by growing industrial automation, increasing semiconductor design activity, and rising demand for low-cost, configurable processor architectures in areas of agriculture IoT, smart manufacturing, and automotive electronics. Latin America's growing middle class & developing digital infrastructure are stimulating adoption of RISC-V-based offerings that enable efficient, secure, and scalable embedded computing.
 

Middle East & Africa market was valued at USD 1.1 billion in 2024 and is expected to witness a consistent growth, driven by growing digital transformation projects, investments in intelligent infrastructure, and growing demand for embedded computing solutions across sectors such as oil & gas, defense, and smart agriculture.
 

RISC-V Market Share

The leading 5 companies SiFive, Inc., Andes Technology Corp., Codasip S.R.O., Inc., Infineon Technologies AG, and Starfive Technology Co. Ltd. hold a combined market share of approximately 53.1% of the worldwide RISC-V industry, reflecting a moderately consolidated market structure. Strong customer relationships, patented RISC-V technology platforms, & high-end R&D infrastructure pose high entry barriers.
 

• SiFive, Inc. leads the market with 15.3% share based on its high-end software integration skills and large lineup of configurable RISC-V cores. SiFive solutions are broad-based in automotive, aerospace, and energy applications, where security aspects, high performance, and quick time-to-market are essential. Their ecosystem emphasis on developer tools and AI/ML acceleration has fortified their leadership.
   
• Andes Technology Corp. holds the market share of 13.6%. Andes is famous for high-performance and energy-efficient RISC-V processor IP, focusing on consumer electronics' embedded systems, industrial IoT, and car applications. Its dedication to developing an ecosystem like compiler optimizations and middleware has resulted in robust adoption in both mature and new markets.
   
• Codasip S.R.O. owns 11.4% of the market share with its customizable and extensible next-generation RISC-V cores. Codasip's emphasis on software-defined hardware solutions, security features, & AI-enabled processors allow chip designers to maximize power & performance for applications ranging from 5G infrastructure to edge computing.
   
• IAR Systems AB is a niche player in the RISC-V market primarily offering advanced software development solutions and IDES that are designed for the RISC-V architecture. They built their stronghold on providing high-performing, power efficient compiler technology and debug solutions that can speed up the time-to-market for embedded systems, especially in the automotive, industrial, and IoT markets. With a reputation for strong security features and safety-critical application support, IAR Systems is the choice among developers who need reliable, scalable software toolchains that will accelerate RISC-V processor adoption.
   
• Lattice Semiconductor Corporation is a disruptor in the RISC-V community focused on low-power, small form-factor FPGA solutions coupled with RISC-V cores. Its products are aimed at edge computing, industrial automation, & communications markets, focusing on flexibility & quick prototyping. Lattice's capability to offer customizable, secure, and power-efficient SoCs makes it an attractive bet in expanding IoT and embedded applications. The company's push for an open ecosystem and cooperation with foundries and design houses is intended to bolster its position against more experienced RISC-V IP providers.
   
• StarFive Technology Co. Ltd. is a leading RISC-V innovator with expertise in high-performance SoCs for AI, edge computing, and cloud applications. StarFive uses strategic collaboration with world-class foundries & software ecosystems to provide scalable open-source processor platforms. Strangely strong in the Asia-Pacific region, StarFive is positioned on optimizing compute density & energy efficiency for new applications in smart devices and industrial automation. Its emphasis on open standards and developer support accelerates adoption among OEMs seeking customizable RISC-V solutions.
   

RISC-V Market Companies

Some of the prominent market participants operating in the RISC-V industry include:

• Andes Technology Corp.
• Bluespec
• Codasip S.R.O.
• IAR Systems AB
• Infineon Technologies AG
• Lattice Semiconductor Corporation
• Microchip Technology Incorporated
• Renesas Electronics Corporation
• SiFive, Inc.
• Starfive Technology Co. Ltd.
   

RISC-V Industry News

• In May 2025, SiFive made a partnership announcement with Red Hat to help support Red Hat Enterprise Linux 10 on its HiFive Premier P550 RISC-V platform. The partnership will help allow developers to optimize cloud and enterprise applications on RISC-V and speed up adoption in data center workloads and AI. The developer preview solidifies the RISC-V software ecosystem for high-performance computing.
   
• In March 2025, Shanghai-based StarFive, a leading Chinese RISC-V chipmaker, secured investment from Hong Kong Investment Corporation (HKIC) to expand RISC-V chip applications in Hong Kong. The collaboration promotes deployment in smart gas meters and aims to mass-produce the state-of-the-art 12nm "Lion Rock" processor for data centers in early 2026. This is part of China's move to curb dependence on foreign chip technology in face of US export restrictions.
   

The RISC-V market research report includes in-depth coverage of the industry with estimates and forecasts in terms of revenue in (USD million) from 2021 – 2034 for the following segments:

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Market, By Architecture Type

• Standard RISC-V architecture
• Custom RISC-V architecture
• Extensible RISC-V architecture

Market, By Industry Vertical

• Consumer electronics
• Automotive
• Industrial & IoT
• Data centers & HPC
• Networking & telecom
• Aerospace & defense
• Others

Market, By End Use

• Chip designers / IP integrators
• OEMs / device manufacturers
• Software developers
• Government & defense agencies
• Others

The above information is provided for the following regions and countries: 

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific 
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa 
  • Saudi Arabia
  • South Africa
  • UAE