RISC-V CPU IP Market Share Driven by Open Architecture Adoption and Customizable Processor Innovation | Valuates Reports

RISC-V CPU IP Market
The global market for RISC-V CPU IP was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

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The RISC-V CPU IP market continues to gain strong momentum as open-standard processor architectures reshape the global semiconductor landscape. Market size expansion is driven by the increasing preference for royalty-free instruction sets, the rising need for customizable computing cores, and the accelerated adoption of RISC-V in consumer electronics, industrial automation, and AI-enabled devices. Evolving market trends highlight a shift toward flexible designs that reduce vendor lock-in while meeting diverse performance and efficiency requirements across emerging applications.

In the type segment, 64-bit RISC-V IP currently holds the largest market share due to growing demand in high-performance computing, edge servers, intelligent automotive systems, and advanced consumer devices. The 32-bit segment remains a critical pillar of market growth, supported by widespread integration in microcontrollers, IoT endpoints, and embedded platforms. Other specialized IP variants, including custom instruction extensions and hybrid processor architectures, are also expanding steadily as developers seek differentiated features for machine learning, security, and real-time processing.

Across applications, consumer electronics accounts for the leading market share, driven by rapid integration of RISC-V cores in smart devices, wearables, VR/AR platforms, and low-power edge applications. The fastest market growth is seen in data center and network communications, where RISC-V is increasingly utilized for switches, accelerators, base stations, and cloud infrastructure optimization. Automotive electronics, machine learning, and AI-centric systems are also emerging as high-potential segments, supported by the industry's shift toward scalable and cost-efficient processor IP.

The competitive landscape is led by companies such as SiFive, Andes Technology, Codasip, Imagination Technologies, and Nuclei System Technology, all of which hold significant market share in the global RISC-V ecosystem. These companies are strengthening their leadership through strategic IP portfolios, collaborations with foundries and OEMs, and innovations in performance-driven and ultra-low-power core designs. Emerging players such as StarFive, Ventana, and ESWIN are accelerating market growth by introducing high-performance RISC-V processors tailored for AI acceleration, edge servers, and consumer-grade applications.

Regionally, Asia-Pacific dominates the RISC-V CPU IP market share due to strong semiconductor manufacturing capabilities, robust government support, and large-scale adoption across consumer electronics and industrial sectors. North America continues to experience rapid market growth, supported by advanced R&D ecosystems and expanding adoption in cloud computing, software-defined hardware, and enterprise infrastructure. Europe, the Middle East, and Latin America are also contributing to market expansion as companies embrace open-standard architectures to drive innovation. Looking ahead, the market forecast points to sustained growth supported by advancements in open hardware, expanding developer communities, increased customization requirements, and rising global interest in flexible and cost-efficient processor architectures.

Segment by Type

• 32-bit IP
• 64-bit IP
• Other

Segment by Application

• Consumer Electronics
• Data Center And Network Communications
• Car
• Machine Learning And Artificial Intelligence
• Other

By Company

Lattice, Ventana, Renesas, Andes Technology Corporation, Codasip, SiFive, Imagination Tech, Nuclei System Technology, Beijing ESWIN Computing Technology, StarFive, Shenzhen Pengxin Technology

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