Product Code: PM5967
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
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
3. Research Methodology
- 3.1. Overview
- 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