India RISC-V Market (2026-2031)
The India RISC-V Market was valued at $69.2 Million in 2026 and projected to reach to $387.9 Million by 2031, representing a compound annual growth rate of CAGR 33.3%. India's RISC-V market is poised for transformative growth, driven by government policies promoting semiconductor independence and the nation's emerging position as a global technology hub.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
India RISC-V Market Trends and Insights
- This trajectory significantly outpaces global RISC-V expansion, reflecting India's strategic focus on semiconductor self-reliance and open-source processor architecture adoption.
- India's accelerating investment in chip design capabilities, coupled with government initiatives supporting domestic semiconductor manufacturing, is catalyzing rapid RISC-V ecosystem development across embedded systems, IoT, and edge computing applications. India's RISC-V adoption is being driven by cost-effective processor solutions and reduced dependency on proprietary architectures, making the technology particularly attractive for India's growing technology sector.
- The country's expanding pool of semiconductor engineers and research institutions are actively contributing to RISC-V development, strengthening India's competitive position in the global market.
- By 2031, India is expected to emerge as a significant RISC-V hub, with applications spanning consumer electronics, automotive, and industrial automation sectors..
Key Market Statistics
- CAGR (2026-2031) CAGR 33.3%
- Market Size, 2026 ~USD 69.2 Million
- Forecast, 2031 ~USD 387.9 Million
- Country India
India RISC-V Market Overview
Exceptional Growth Trajectory :
India's RISC-V market is projected to grow at 33.3% CAGR from 2026 to 2031, significantly outpacing the global growth rate of 24.3%, driven by government initiatives and semiconductor self-reliance mandates.
Strategic Government Support :
India's push for Atmanirbhar Bharat (self-reliant India) and domestic semiconductor manufacturing has positioned RISC-V as a critical technology for reducing dependence on proprietary processor architectures and foreign supply chains.
Market Expansion Potential :
The market is expected to expand from $69.2 million in 2026 to $387.9 million by 2031, representing a 460% increase over five years, reflecting strong adoption across IoT, embedded systems, and edge computing sectors.
Open-Source Architecture Adoption :
India's semiconductor ecosystem is increasingly embracing RISC-V's open-source nature, enabling cost-effective chip design, faster innovation cycles, and reduced licensing fees compared to traditional proprietary architectures.
India RISC-V Market Dynamics
- The 33.3% CAGR reflects strong momentum in IoT, edge computing, and embedded systems applications, with increasing participation from Indian startups and established semiconductor companies.
- Strategic investments in R&D and manufacturing infrastructure are expected to accelerate adoption across consumer electronics, automotive, and industrial sectors. The competitive landscape will intensify as international RISC-V players establish operations in India while domestic companies develop indigenous solutions.
- Government incentives, coupled with India's large talent pool and cost advantages, position the country as an attractive hub for RISC-V chip design and development.
- By 2031, India is expected to emerge as a significant contributor to the global RISC-V ecosystem, with substantial opportunities for both established players and new entrants..
Related Ecosystem
Electrical System And Components
- Natural Language Processing (NLP)
- Sensors
- Machine Learning
- Temperature Sensors
- Actuators
- ABB India Limited
- Siemens ag
- SCHNEIDER ELECTRIC SE
- Eaton Corporation plc
- General Electric Company
Key Takeaways
- India's RISC-V market will reach $387.9 million by 2031, growing at 33.3% CAGR from $69.2 million in 2026.
- India's growth rate substantially exceeds the global RISC-V CAGR of 24.3%, positioning India as a high-growth regional leader.
- India's government-backed semiconductor initiatives and cost advantages are accelerating RISC-V adoption across multiple industry verticals.
- India's expanding engineering talent pool and research ecosystem are establishing the country as a key RISC-V innovation center.
RISC-V Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2026 |
| Fastest Growing Segment | GPU (Type) |
| Forecast Period | 2026–2031 |
| Growth Rate | CAGR of 24.3% from 2026 to 2031 |
| Largest Segment | MCU (Type) |
| Market Size Base Year (Billions) | ~USD 1.31 (2026) |
| Revenue Forecast (Billions) | ~USD 3.9 (2031) |
| Segments Covered | Type, Offering, Bit Architecture, Application |
India RISC-V Market Report Segmentation
4 segment dimensions are covered across the global market.
By Type
- AI Accelerator
- Application & Middleware Software
- Application Processor
- Cpu (General Purpose)
- Design & Verification Software
- Development Toolchains & Ide Software
- Dsp
- Fpga
- Gpu
- Mcu
- Operating Systems & System Software
- Risc-V Ip Licensing
- Risc-V Ip Royalties
- Security
- Security Software
- Storage Controller
By Offering
- Risc-V Ip
- Risc-V Software
By Bit Architecture
- 128-Bit
- 32-Bit
- 64-Bit
By Application
- Automotive
- Computer
- Consumer
- Industrial
- Networking
- Other Applications
Target Audience
- Semiconductor Manufacturers : Indian and international chip designers need market intelligence to develop RISC-V-based products aligned with government mandates, identify manufacturing partners, and capture India's rapidly expanding semiconductor demand.
- Government & Policy Bodies : Indian government agencies and policy makers require data-driven insights to evaluate RISC-V's role in achieving semiconductor self-reliance, allocate subsidies effectively, and design supportive regulatory frameworks.
- Technology Investors & VCs : Investment firms targeting India's semiconductor sector need comprehensive market forecasts and growth drivers to identify promising RISC-V startups, evaluate funding opportunities, and assess portfolio company potential.
- Electronics & IoT Companies : Indian electronics manufacturers and IoT solution providers require market data to evaluate RISC-V adoption for cost reduction, supply chain resilience, and competitive differentiation in global markets.
- Research & Academic Institutions : Universities and research centers in India need market insights to align academic programs with industry demand, secure research funding, and develop talent pipelines for RISC-V chip design and development.
Key Companies in the India RISC-V Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| ANDES TECHNOLOGY CORPORATION | Taiwan | Public Company | AndesCore CPU IP (32-bit/64-bit cores, AndeStar architecture),Software platforms and tools (AndeSight IDE, AndeSoft SW Stack, AndeShape),Edge AI and inference solutions (AndesAIRE, custom computing), |
| GLOBALFOUNDRIES | United States | Public Company | Mobile and consumer SoC wafers (application processors, baseband, RF modems, PMICs),Automotive and industrial (microcontrollers, power management, mixed-signal),Data-center, networking, and advanced compute (network processors, quantum and AI-enabling devices), |
| IMAGINATION TECHNOLOGIES | United Kingdom | Private Company | PowerVR graphics, ray tracing, video and vision IP,MIPS processor cores for mobile, wearables and IoT,Ensigma wireless IP and connectivity solutions, |
| SHANGHAI STARFIVE SEMICONDUCTOR CO., LTD. | China | Application-class RISC-V SoCs (edge AI, multimedia, general compute),Embedded/MCU-class RISC-V cores and SoCs,Custom design services, NRE, and integration, | |
| ALIBABA GROUP | China | Public Company | Alibaba China E-commerce Group (Taobao, Tmall, 1688.com, Xianyu, local services),Alibaba International Digital Commerce Group (AliExpress, Lazada, Trendyol, Daraz, Alibaba.com),Cloud Intelligence Group, |
| LATTICE SEMICONDUCTOR | United States | Public Company | Small FPGA platforms (Nexus, Nexus 2, MachXO, iCE, CrossLink families),Mid-range and general purpose FPGA (Avant, Avant-G, Certus-NX/Pro/N2),Specialized FPGAs and video connectivity ASSPs, |
ANDES TECHNOLOGY CORPORATION
Andes Technology Corporation is a Taiwan-based public company founded in 2005 that focuses on processor IP design and embedded system solutions. The company provides CPU cores and development tools for a wide range of applications in the semiconductor industry.
GLOBALFOUNDRIES
GlobalFoundries is a United States-based public semiconductor foundry founded in 2008 with 14,000 employees. The company provides advanced chip manufacturing services and semiconductor fabrication solutions for a diverse range of industries.
IMAGINATION TECHNOLOGIES
Imagination Technologies is a United Kingdom-based private company founded in 1994 with 1,273 employees that designs semiconductor IP, particularly graphics processing and mobile computing technologies. The company develops GPUs, processors, and related intellectual property for various applications.
SHANGHAI STARFIVE SEMICONDUCTOR CO., LTD.
Shanghai StarFive Semiconductor Co., Ltd. is a China-based semiconductor company founded in 2018. The company focuses on processor design and semiconductor technology development.
ALIBABA GROUP
Alibaba Group is a China-based public company founded in 1999 with 131,462 employees that operates as a diversified technology and e-commerce conglomerate. The company provides cloud computing, digital commerce, and various technology services globally.
LATTICE SEMICONDUCTOR
Lattice Semiconductor is a United States-based public company founded in 1983 with 1,174 employees that designs and manufactures programmable semiconductors and FPGA solutions. The company provides low-power programmable chip technology for various computing and embedded applications.
Reasons to Buy this Report
- Identify High-Growth Opportunities : Gain detailed insights into India's 33.3% CAGR market expansion, enabling strategic positioning in one of the fastest-growing RISC-V markets globally and capturing emerging opportunities before competitors.
- Government Policy Intelligence : Understand India's Atmanirbhar Bharat initiatives, semiconductor subsidies, and regulatory frameworks driving RISC-V adoption, essential for navigating policy-driven market dynamics and securing government contracts.
- Competitive Landscape Analysis : Access comprehensive data on Indian and international players entering the RISC-V space, including startups, established semiconductor firms, and government-backed initiatives to benchmark competitive positioning.
- Market Sizing & Forecasting : Leverage precise market valuations ($69.2M in 2026 to $387.9M by 2031) and segment breakdowns across IoT, embedded systems, and edge computing to inform investment decisions and resource allocation.
- Supply Chain & Partnership Insights : Identify key stakeholders, manufacturing hubs, design centers, and partnership opportunities within India's RISC-V ecosystem to establish strategic collaborations and expand market presence.
Frequently asked questions
What is the projected market size for RISC-V in India by 2031?
India's RISC-V market is forecasted to reach $387.9 million by 2031, up from $69.2 million in 2026.
What is India's RISC-V market growth rate?
India's RISC-V market is expected to grow at a compound annual growth rate (CAGR) of 33.3% between 2026 and 2031.
How does India's RISC-V growth compare to global trends?
India's RISC-V CAGR of 33.3% significantly outpaces the global RISC-V market CAGR of 24.3%, making India one of the fastest-growing regions.
What factors are driving RISC-V adoption in India?
India's RISC-V growth is driven by government semiconductor initiatives, cost-effective processor solutions, reduced reliance on proprietary architectures, and a growing pool of skilled semiconductor engineers.
Which industries in India are adopting RISC-V technology?
India's RISC-V adoption spans embedded systems, IoT, edge computing, consumer electronics, automotive, and industrial automation sectors.
RESEARCH METHODOLOGY
The research process for this technical, market-oriented, and commercial study of the RISC-V market included the systematic gathering, recording, and analysis of data about companies operating in the market. It involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda) to identify and collect relevant information. In-depth interviews were conducted with various primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess the growth prospects of the market. Key players in the RISC-V market were identified through secondary research, and their market rankings were determined through primary and secondary research. This included studying annual reports of top players and interviewing key industry experts, such as CEOs, directors, and marketing executives.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information relevant to this study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly conducted to obtain key information about the supply chain and value chain of the industry; a total pool of key players; segmentation of the market according to the industry trends, geographic markets, and key developments from market- and technology-oriented perspectives.
Primary Research
In the primary research process, primary sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, subject-matter experts, consultants, and related key executives from major companies and organizations operating in the RISC-V market.
After the complete market engineering process (market statistics calculations, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical market numbers.
Several primary interviews were conducted with experts from the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. This primary data was collected through questionnaires, emails, and telephonic interviews.
Notes: Other designations include technology heads, media analysts, sales managers, marketing managers, and product managers.
The three tiers of the companies are based on their total revenues as of 2025: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods were used to estimate and forecast the overall market segments and subsegments listed in this report. Key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.
Bottom-Up Approach
- Companies offering RISC-V IP and software solutions were identified, and their offerings were mapped based on their applications and regional footprint.
- The global RISC-V market size was derived through the data sanity method. The revenues from RISC-V providers were analyzed through annual reports and press releases and summed up to derive the overall market size.
- For each company, a percentage was assigned to the overall revenue to derive the revenues from the RISC-V segment.
- Each company’s percentage was assigned after analyzing various factors, including its product offerings, geographic presence, R&D expenditures and initiatives, and recent developments/strategies adopted for growth in the RISC-V market.
- For the CAGR, the market trend analysis of RISC-V was carried out by understanding the industry penetration rate and the demand and supply of RISC-V in different sectors.
- Estimates at every level were verified and cross-checked by discussing them with key opinion leaders, including sales heads, directors, operation managers, and market domain experts of MarketsandMarkets.
- Various paid and unpaid information sources, such as annual reports, press releases, white papers, and databases, were studied.
Top-Down Approach
- Focusing initially on the top-line investments and expenditures being made in the ecosystem of RISC-V, further splitting into processor type, bit architecture, application, and listing key developments in key market areas
- Identifying all major players in the RISC-V market and their penetration in various applications through secondary research, and verifying with a brief discussion with industry experts
- Analyzing revenues, product mix, geographic presence, and key applications for which all identified players serve RISC-V offerings to estimate and arrive at the percentage splits for all key segments
- Discussing these splits with the industry experts to validate the information and identify key growth pockets across all key segments
- Breaking down the total market based on verified splits and key growth pockets across all segments
RISC-V Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size, the market was split into several segments and subsegments using the market size estimation processes as explained above. Data triangulation and market breakdown procedures were employed to complete the entire market engineering process and determine each market segment's and subsegment's exact statistics. The data was triangulated by studying various factors and trends from the demand and supply sides in the RISC V market.
Market Definition
RISC-V is an open-standard instruction set architecture (ISA) that defines how processors execute instructions in computing systems. Unlike proprietary ISAs, such as x86 or ARM, RISC-V is freely available and modular, allowing companies to design customized processors for a wide range of applications, including microcontrollers, CPUs, AI accelerators, and embedded systems. It is governed by RISC-V International, which ensures standardization while enabling flexibility and extensibility. This openness reduces licensing costs, encourages innovation, and supports rapid adoption across IoT, automotive, data center, and edge computing applications.
Key Stakeholders
- Government and financial institutions
- RISC-V IP vendors and semiconductor companies
- EDA and software tool providers
- Foundries and manufacturing partners
- End-use industries
Report Objectives
- To define, describe, segment, and forecast the RISC-V market size, in terms of value, based on offering, bit architecture, application, and region
- To forecast the market size, in terms of value, for four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW)
- To define, describe, segment, and forecast the RISC-V market size, in terms of volume, for hardware offerings
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter's five forces analysis, investment and funding scenario, and regulations pertaining to the market
- To provide a detailed overview of the RISC-V value chain
- To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities for stakeholders by identifying high-growth segments of the market
- To strategically profile the key players, comprehensively analyze their market positions in terms of ranking and core competencies2, and provide a competitive market landscape
- To analyze strategic approaches such as product launches, acquisitions, agreements, and partnerships in the RISC-V market
- To understand and analyze the impact of the 2025 US tariff on the RISC-V market
This research report categorizes the RISC-V market by offering, bit architecture, application, and region.
1.Micromarkets are defined as the segments and subsegments of the RISC-V market included in the scope of the report.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 7)
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