RISC-V Tech Market Size & Share Analysis - Growth Trends & Forecast (2025 - 2030)

RISC-V Tech Market Report is Segmented by Application (Smartphones, 5G Devices, Data Centers, Personal Computer and Game Consoles, Cellular Network Devices, Iot Devices, and Other Applications), by End-User Industry (Computing and Storage, Communication Infrastructure, Consumer Electronics, Automotive and Transportation, Medical, Aerospace and Military, Industrial, and Other End-User Industries), by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

RISC-V Tech Market Size & Share Analysis - Growth Trends & Forecast (2025 - 2030)

RISC-V Tech Market Size

RISC-V Tech Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 1.41 Billion
Market Size (2030) USD 7.00 Billion
CAGR (2025 - 2030) 37.85 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

RISC-V Tech Market Major Players

*Disclaimer: Major Players sorted in no particular order

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RISC-V Tech Market Analysis

The RISC-V Tech Market size is estimated at USD 1.41 billion in 2025, and is expected to reach USD 7.00 billion by 2030, at a CAGR of 37.85% during the forecast period (2025-2030).

RISC-V, an open-source instruction set architecture (ISA), facilitates the development of custom processors tailored for various applications, ranging from embedded systems to supercomputers. Originating from the University of California, Berkeley, the RISC-V ISA represents the fifth evolution of processors rooted in the reduced instruction set computer (RISC) paradigm. Its inherent openness and notable technical advantages have significantly propelled its popularity in the market.

  • The distinctive open-source architecture of RISC-V technology, which permits inexpensive customization and scalability across a range of industries, from artificial intelligence (AI) to the automotive sector, is driving the market's rapid growth on a global scale. Because of the significant investment and support this architecture has received from influential tech companies, RISC-V has established itself as a significant contender in the processor market.
  • RISC-V's modular design has proven optimal for new tech applications that need specialization, including edge computing, machine learning, and the Internet of Things. Recent advancements in AI emphasize this trend. RISC-V cores from Andes Technology are used by Meta's AI-focused processor, MTIIA, which is designed for training big models. Because of its versatility, RISC-V is a powerful force in artificial intelligence (AI), where quick customization is necessary to satisfy a range of computational demands.
  • RISC-V's transparency and adaptability have led governments and businesses to adopt it as part of the worldwide trend toward technological independence. This change is highlighted by Google's choice to incorporate RISC-V into Android, which lessens reliance on proprietary ISAs while enabling increased interoperability with new devices. The support of RISC-V from other industry titans like NVIDIA and Western Digital indicates industry confidence and implies that RISC-V will gain a larger portion of the semiconductor market.
  • Furthermore, the market is experiencing heightened vendor activities, including new product launches, mergers and acquisitions, and strategic alliances, all contributing to market growth. For example, in March 2024, Tenstorrent forged a strategic alliance with MosChip Technologies, focusing on the design of Tenstorrent's advanced RISC-V solutions. This collaboration aims to bolster Tenstorrent's market position with its enhanced RISC-V offerings.
  • RISC-V's open-source nature enables innovation but also brings standardization challenges. The absence of clear standards for implementations, tools, and extensions can lead to compatibility issues, threatening interoperability and slowing down widespread adoption. Implementing RISC-V technology poses challenges. While the RISC-V instruction set architecture (ISA) is open and flexible, practical implementation demands substantial investment and technical expertise.
  • Post-pandemic, RISC-V technology saw a surge in demand, delivering substantial advantages for applications and consumers. This increase in demand highlights the growing recognition of RISC-V's benefits in enhancing operational efficiency and consumer satisfaction.
  • For instance, in April 2024, Imagination Technologies announced the introduction of a new RISC-V applications processor, Intellectual Property (IP), the Imagination APXM-6200 CPU. The focus is on power density, commonly called the efficiency core. Target markets for the CPU include consumer and industrial devices, and eventually, an automotive version will also be included. The new processor is part of the Catapult CPU portfolio of IP processors.

RISC-V Tech Industry Overview

Arm, backed by major players like NVIDIA, holds a significant position in mobile, IoT, and automotive sectors. RISC-V competes by emphasizing customization and cost-effectiveness but faces strong rivals with established ecosystems and reputations.

Multiple companies are now developing RISC-V-based products (e.g., SiFive, Alibaba's T-Head), intensifying competition within the RISC-V ecosystem. This internal rivalry pushes companies to innovate but can dilute market share.

As automotive, Internet of Things (IoT), and 5G industries show growing interest, the RISC-V market is expanding. However, the competition remains fierce, with rivals pouring resources into developing advanced RISC-V tools and support.

Overall, competitive rivalry is expected to be moderately high and to remain the same during the forecast period.

RISC-V Tech Market Leaders

  1. Codasip S.R.O.

  2. Microchip Technology Incorporated

  3. Bluespec

  4. Google Inc. (Alphabet Inc.)

  5. Alibaba Group Holdings Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
RISC-V Tech Market Concentration
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RISC-V Tech Market News

  • May 2024: The Bluespec Inc. partnered with MerlinTPS, a leading provider of Terrestrial Positioning Systems (alternative GPS technology), to address the GPS industry’s critical need for augmentation and backup technology as satellites continue to face new challenges, including wartime contested space as well as increased costs to produce and maintain satellites. MerlinTPS collaborated with Bluespec to enhance its platform, aiming to deliver GPS services on a high-utility, low-latency edge platform, all built on the RISC-V open standard. By leveraging Bluespec's expertise in designing, implementing, and verifying RISC-V processors and its innovative technology for accelerating workloads, MerlinTPS can quickly deploy customized RISC-V processors.
  • April 2024: Microchip Technology acquired Neuronix AI Labs, enhancing its power-efficient, AI-driven edge solutions on field programmable gate arrays (FPGAs). Neuronix AI Labs specializes in neural network sparsity optimization, allowing for reduced power consumption, size, and computational needs in tasks like image classification, object detection, and semantic segmentation, all while ensuring high accuracy.

RISC-V Tech Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand For High Performance Computing
    • 5.1.2 The Surge of Connected Autonomous Vehicles
  • 5.2 Market Restraints
    • 5.2.1 Lack of Implementation
    • 5.2.2 High Switching Costs

6. MARKET SEGMENTATION

  • 6.1 By Application
    • 6.1.1 Smartphones
    • 6.1.2 5G Devices
    • 6.1.3 Data Centers
    • 6.1.4 Personal Computer and Game Consoles
    • 6.1.5 Cellular Network Devices
    • 6.1.6 IoT Devices
    • 6.1.7 Other Applications
  • 6.2 By End-user Industry
    • 6.2.1 Computing and Storage
    • 6.2.2 Communication Infrastructure
    • 6.2.3 Consumer Electronics
    • 6.2.4 Automotive and Transportation
    • 6.2.5 Medical
    • 6.2.6 Aerospace and Military
    • 6.2.7 Industrial
    • 6.2.8 Other End-user Industries
  • 6.3 By Geography***
    • 6.3.1 North America
    • 6.3.2 Europe
    • 6.3.3 Asia
    • 6.3.4 Australia and New Zealand
    • 6.3.5 Latin America
    • 6.3.6 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Codasip S.R.O.
    • 7.1.2 Microchip Technology Incorporated
    • 7.1.3 Bluespec
    • 7.1.4 Google Inc. (Alphabet Inc.)
    • 7.1.5 Alibaba Group Holdings Ltd.
    • 7.1.6 Andes Technology Corp.
    • 7.1.7 Huawei Technologies Co. Ltd.
    • 7.1.8 Starfive Technology Co. Ltd.
    • 7.1.9 SiFive, Inc.
    • 7.1.10 Lattice Semiconductor Corporation
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia-Pacific'
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RISC-V Tech Industry Segmentation

RISC-V is a type of computer design that can be customized for different uses, from small devices to large computers. It delivers low power usage and high performance across consumer and other electronic devices. The RISC-V Tech Market is defined by the revenue generated by selling RISC-V architecture-based products offered by market vendors designed to be adopted by end-user industries worldwide. 

The RISC-V Tech market is segmented by application (smartphones, 5G devices, data centers, personal computer and game consoles, cellular network devices, IoT devices, and other applications), by end-user industry (computing and storage, communication infrastructure, consumer electronics, automotive & transportation, medical, aerospace & military, industrial, and other end-user industries), and by geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The report offers market forecasts and size in value (USD) for all the above segments.

By Application Smartphones
5G Devices
Data Centers
Personal Computer and Game Consoles
Cellular Network Devices
IoT Devices
Other Applications
By End-user Industry Computing and Storage
Communication Infrastructure
Consumer Electronics
Automotive and Transportation
Medical
Aerospace and Military
Industrial
Other End-user Industries
By Geography*** North America
Europe
Asia
Australia and New Zealand
Latin America
Middle East and Africa
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RISC-V Tech Market Research FAQs

How big is the RISC-V Tech Market?

The RISC-V Tech Market size is expected to reach USD 1.41 billion in 2025 and grow at a CAGR of 37.85% to reach USD 7.00 billion by 2030.

What is the current RISC-V Tech Market size?

In 2025, the RISC-V Tech Market size is expected to reach USD 1.41 billion.

Who are the key players in RISC-V Tech Market?

Codasip S.R.O., Microchip Technology Incorporated, Bluespec, Google Inc. (Alphabet Inc.) and Alibaba Group Holdings Ltd. are the major companies operating in the RISC-V Tech Market.

Which is the fastest growing region in RISC-V Tech Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in RISC-V Tech Market?

In 2025, the Asia Pacific accounts for the largest market share in RISC-V Tech Market.

What years does this RISC-V Tech Market cover, and what was the market size in 2024?

In 2024, the RISC-V Tech Market size was estimated at USD 0.88 billion. The report covers the RISC-V Tech Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the RISC-V Tech Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

RISC-V Tech Industry Report

Statistics for the 2025 RISC-V Tech market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. RISC-V Tech analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

RISC-V Tech Market Report Snapshots