Omdia Predicts AI-Driven Surge in RISC-V Processor Market

Omdia predicts RISC-V processor shipments will increase due to advancements in AI and higher industrial demand

Ben Wodecki, Jr. Editor

May 30, 2024

2 Min Read
Central Computer Processor digital concept
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A new report from Omdia projects significant growth for RISC-V processors, predicting its share of the hardware market share will increase from 0.7% in 2020 to nearly 25% by 2030.

Omdia’s RISC-V global market analysis report sought to examine how processors based on the RISC-V architecture compared to other reduced instruction set computing (RISC) architectures, like Arm solutions.

With businesses becoming increasingly interested in AI, Omdia’s report found companies are turning to RISC-Vs as they can use them to develop or customize their own hardware as RISC-Vs are license-free, unlike Arm architectures.

The report suggests future RISC-V designs will see companies use the processors in CPU rules, including AI processing at the edge.

“RISC-V makes the most sense in novel applications, where a developer doesn’t already have an existing Arm product in place,” said Edward Wilford, Omdia’s senior principal analyst for IoT. “The rise of AI, the increase in use cases and capabilities, means a lot of new territory is being revealed and all of it has potential for RISC-V.”

Omdia’s report suggests that RISC-V-based processor shipments will increase by nearly 50% between 2024 and 2030.

Of an estimated 17 billion processors to be shipped in 2030, 46% of those are expected to be used in industrial settings.

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Away from industrial environments, Omdia’s report suggests the market set to see sizable growth in RISC-Vs adoption is automotive which is expected to grow by 66% annually.

“The automotive industry is undergoing a rapid transformation, and semiconductors are crucial to every element of that transformation,’ Wilford said. “RISC-V has unique, desirable aspects for the automotive industry — you can own your design in RISC-V in a way that you simply can’t with a licensed instruction set architecture (ISA) and in conversations in the industry, that’s really highlighted as an important element.” 

Omdia’s report suggests the growth in RISC-V processors will enable more intelligent processing on industrial IoT devices.

The report suggests RISC-V AI processors will more than double in volume every year until 2030 with an annual growth rate averaging 120%.

“Industrial applications have been somewhat slow to adopt AI,” the report read, though Omdia’s research suggests interest in use cases including digital twins, predictive maintenance and fault detection will lead to an eventual increase in industrial demand.

“[Embedded AI] is a striking convergence of use case and technology,” Willford said. “The growth of RISC-V is concurrent with the rise of AI and especially edge AI, and that will provide a massive opportunity for ISA.”

Related:Apple, Nvidia Lead AI PC Sectors, Enterprise Market up for Grabs

About the Author(s)

Ben Wodecki

Jr. Editor

Ben Wodecki is the Jr. Editor of AI Business, covering a wide range of AI content. Ben joined the team in March 2021 as assistant editor and was promoted to Jr. Editor. He has written for The New Statesman, Intellectual Property Magazine, and The Telegraph India, among others. He holds an MSc in Digital Journalism from Middlesex University.

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