LONDON, May 16, 2024
/PRNewswire/ -- RISC-V processors will account for almost a
quarter of the global market by 2030, according to new research by
Omdia. The open-standard instruction set architecture (ISA) is
predicted to experience the strongest growth in the automotive
sector, although the industrial space will remain the largest
application for the technology. Additionally, the rise of
Artificial Intelligence (AI) is instrumental in the continued rise
of RISC-V.
RISC-V is notable as it is license-free, allowing anyone to
develop hardware using the architecture and even to customize the
instruction set according to the needs of the design. As the
earliest RISC-V processors tended to be simple microcontrollers,
the architecture has long been associated with deeply embedded
technologies, especially in the IoT, and RISC-V will continue to
have a notable presence in that space over the forecast period
through 2030. However, the most significant development in recent
years is the spread of the technology to other applications,
including in those requiring advanced compute and intelligence.
"RISC-V makes the most sense in novel applications, where a
developer doesn't already have an existing Arm product in place.
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," Edward Wilford, Senior
Principal Analyst for IoT at Omdia, 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."
Between 2024 and 2030, Omdia forecasts RISC-V-based processor
shipments to increase by nearly 50% per year, culminating in 17
billion processors shipped in 2030. 46% of those processors are
expected to be found in industrial applications, although the
biggest growth over the forecast period will come in the automotive
segment.
Omdia predicts RISC-V processors in automotive applications to
increase in volume 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 ISA, and in conversations in the industry, that's really
highlighted as an important element."
Concurrently, Omdia is also predicting a major increase in the
use of AI in automotive applications, with autonomous driving,
advanced driver assistance systems (ADAS), and in-vehicle
infotainment (IVI) all making use of AI to make each system more
capable. "There is no doubt AI will be one of the largest drivers
of RISC-V adoption in many segments; the efficiency and scalability
of RISC-V is uniquely suited to developing processors for
performing AI operations," Wilford said.
ABOUT OMDIA
Omdia, part of Informa Tech, is a technology research and
advisory group. Our deep knowledge of tech markets combined with
our actionable insights empower organizations to make smart growth
decisions.
Fasiha Khan -
Fasiha.khan@omdia.com
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SOURCE Omdia