RISC-V Market

The RISC-V market is estimated to grow from USD 1.31 billion in 2026 to USD 4.85 billion by 2032, registering a CAGR of 24.3% from 2026 to 2032. RISC-V growth is driven by the rapid expansion of AI, edge computing, and data center infrastructure requiring scalable and power-efficient computing architectures. RISC-V allows companies to integrate custom AI instructions, vector processing capabilities, and domain-specific accelerators that improve workload optimization and performance-per-watt efficiency. As hyperscalers, AI infrastructure providers, and semiconductor companies increasingly focus on heterogeneous computing platforms, demand for advanced RISC-V processor IP and supporting software ecosystems is expected to rise significantly.

Key companies operating in the RISC-V market include SiFive, Inc. (US), and Andes Technology Corporation. (Taiwan), Codasip (Germany), Synopsys, Inc. (US), Imagination Technologies (UK), MIPS (US), Tenstorrent (US), Shanghai StarFive Semiconductor Co., Ltd. (China), Nuclei System (China), and Efinix, Inc. (US). Market participants have become more varied with their offerings. They are launching new products and expanding their geographical reach through expansions.

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For instance, in May 2026, SiFive, Inc. launched the SiFive Performance P570 Gen 3, a high-performance out-of-order superscalar vector processor IP designed for edge AI, consumer electronics, and commercial IoT applications. The new processor delivers significantly improved performance and higher efficiency compared to the earlier P550 Gen 1 core while supporting the latest RVA23 ISA profile, strengthening SiFive’s position in advanced high-performance RISC-V computing solutions.

SiFive, Inc.

SiFive, Inc. is a leading US-based semiconductor IP company specializing in customizable RISC-V processor cores and compute platforms for AI, automotive, data centers, edge computing, consumer electronics, and embedded systems. The company develops a broad portfolio of RISC-V IP solutions, including the SiFive Essential, Intelligence, Performance, and Automotive series, along with vector and matrix processing technologies optimized for high-performance and energy-efficient computing applications. The company has established a strong global presence across North America, Europe, and Asia Pacific, supported by extensive ecosystem partnerships and more than 400 RISC-V design wins worldwide. SiFive’s processor IP powers over 2 billion devices globally, and the company continues expanding its footprint in AI infrastructure and data center computing through collaborations with leading technology companies, including NVIDIA and hyperscale cloud providers.

Andes Technology Corporation

Andes Technology Corporation is a Taiwan-based supplier of high-efficiency and low-power RISC-V processor IP solutions focused on embedded computing, AI acceleration, industrial automation, automotive electronics, IoT, networking, and consumer devices. The company offers a comprehensive portfolio of 32-bit and 64-bit RISC-V processor cores, including DSP, vector, superscalar, and multicore architectures, along with associated software development platforms such as AndeSight IDE and AndeSoft software stacks. Andes Technology has a broad international presence with operations across Taiwan, the US, and other global markets, serving customers in cloud computing, 5G, ADAS, AI, storage, wireless communication, and edge computing applications.

Company Ranking

The RISC-V market is competitive and rapidly evolving, with several leading companies driving innovation in processor IP, software ecosystems, AI acceleration, embedded computing, and customizable semiconductor architectures. Major RISC-V market participants include SiFive, Inc. (US), Andes Technology Corporation (Taiwan), Codasip (Germany), Synopsys, Inc. (US), and Imagination Technologies (UK), among others. These top 5 companies collectively account for approximately 30–50% of the global RISC-V market share, reflecting a moderately consolidated and innovation-driven competitive landscape.

Related Reports:

RISC-V Market By Offering [(Hardware, RISC-V IP (IP Royalties, IP Licensing), Software], Bit Architecture (32-bit, 64-bit, 128-bit), Application (Industrial, Automotive, Networking, Computer, Consumer, Aerospace & Defense) – Global Forecast to 2032

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