Driven by Asia’s manufacturing capabilities and the US’s innovation, the adoption of RISC-V chip technology is accelerating worldwide.
The market for RISC V technology is projected to reach $17.4 billion by 2034, at an annual growth rate (CAGR) of 29.2% according to Polaris Market Research. The report pin down the rise in investment in the semiconductor sector and expansion of consumer electronics worldwide is driving the demand for RISC-V technology.
RISC V, an open-source chip architecture is witnessing accelerated adoption across AI, IoT, automotive, and industrial automation, as manufacturers seek flexible and cost-efficient processor alternatives to proprietary instruction sets such as Arm and x86. Making it attractive for sectors such as edge computing, AI inference, and embedded electronics.
The automotive sector is expected to grow along this, as vehicles produced these days rely on advanced chips for systems like ADAS, infotainment, and control units. RISC-V enables automakers to design custom, affordable, and high-performance processors suited to their needs.
In March 2025, Infineon launched its first RISC-V–based automotive microcontroller under the AURIX brand, along with a virtual prototype to support early software development.
The global RISC-V tech market is estimated to reach 17.40 billion by 2034
The Semiconductor Industry Association (SIA) reported that global semiconductor sales rose to USD 57.0 billion in April 2025, up 2.5% from March and 22.7% higher than the same month last year.
There is an increasing number of ecosystem partners supporting RISC-V by providing development tools, silicon IP and design services. This collaboration is enabling companies to tackle technical challenges and accelerate product development.
While Asia-Pacific leads the global RISC-V market in terms of growth rate, expanding at one of the fastest compound annual rates globally, North America continues to hold a higher market value thanks to its established semiconductor ecosystem, deep R&D investment, and early commercial adoption.
North America’s contribution, though smaller, shows steady acceleration. This reflects strong activity from RISC-V startups such as SiFive and Ventana Micro Systems, alongside established players like Intel and Qualcomm. The consistent rise here also mirrors the region’s focus on AI accelerators and edge-compute processors, where open architectures enable faster prototyping.
In North America, programs such as the CHIPS and Science Act are accelerating RISC-V-based development in areas including AI, high-performance computing, and secure edge applications.
Based on application, the market is segmented into Smartphones, 5G devices, data centres, personal computers and gaming consoles, cellular network devices, IoT devices, and other applications.
Manufacturers are advancing RISC-V adoption through robust toolchains, development kits and scalable frameworks to provide real-time simulation, AI-based verification and fast debugging tools that help in reducing errors and shorten development cycles.
