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 – Market Forecast, 2025–2034
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
US
Canada
Europe
Germany
France
UK
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
Table of Contents
120 Pages
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)
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