RISC-V Tech Market Revenue Grows at a CAGR of 42.9%

Introduction

Straits Research published a report, “RISC-V Tech Market Size & Outlook, 2026–2034”. According to the study, the market size is valued at USD 1,348.23 million in 2025 and is projected to expand to USD 26,108.56 million by 2034, registering a compound annual growth rate (CAGR) of 42.9%.

Market Dynamics

The RISC-V Tech Market is fueled by an increasing demand for processor architectures based on an open standard, a surge in the adoption of customizable microcontrollers in consumer and industrial applications, and an increasing adoption of vector-capable processors in AI/ML accelerators. With consumers and vendors increasingly requiring adaptive and less power-consuming processor designs, which can be used freely without any licensing issues, the adoption of RISC-V processor cores is increasing in microcontrollers, AI accelerators, and HPC systems.

Increased ecosystem cooperation among silicon startups, design automation companies, and embedded systems designers in the US, Europe, India, and East Asia is turning out to be a key catalyst for market growth. Focus on investments in open-hardware innovation, designs with chiplets, and optimizing toolchains is creating a new dawn of opportunities in automotive electronics, data centers, and industrial automation segments. Such efforts will help jump-start the fast commercialization of RISC-V solutions and cement a bright future for market growth.

Market Highlights

• Segmental Leadership: RV64GC cores hold the largest share (52.31%), while the 3nm and above technology node records the fastest CAGR (45.86%).
• Application Outlook: Microcontrollers are expected to remain the dominant application segment, accounting for over 46.72% of the market in 2025.
• End Use Insight: The Consumer Electronics segment leads in growth momentum, registering a robust CAGR of 41.28% during the forecast period.
• Regional Insights: North America dominates with 35.42% market share, driven by strong semiconductor design activity and expanding adoption of open-architecture processors.

Competitive Players

1. SiFive
2. Andes Technology
3. Rivos
4. Ventana Micro Systems
5. Codasip
6. Imperas Software
7. Syntacore
8. GreenWaves Technologies
9. Alibaba T-Head
10. NVIDIA
11. Qualcomm
12. Intel
13. Samsung Electronics
14. MediaTek
15. Esperanto Technologies
16. Microchip Technology
17. StarFive Technology
18. GigaDevice
19. Tenstorrent
20. Sophgo
21. Others

Recent Developments

Segmentation

1. By Core Type (2022-2034)
   1. RV32I
   2. RV64GC
   3. RVV
2. By Technology Node (2022-2034)
   1. 7nm and above
   2. 5nm
   3. 3nm and below
3. By Application (2022-2034)
   1. Microcontrollers
   2. AI/ML Accelerators
   3. High Performance Computing
4. By End Use Industry (2022-2034)
   1. Consumer Electronics
   2. Automotive
   3. Industrial Automation
   4. Data Centers
   5. Others
5. By Region (2022-2034)
   1. North America
   2. Europe
   3. Asia Pacific
   4. Middle East and Africa
   5. Latin America