RISC-V Processors Set to Capture 25% Market Share by 2030: Omdia Report
According to a recent Omdia research, RISC-V processors are expected to see substantial growth, rising from 0.7% in 2020 to approximately 25% in 2030 in terms of hardware market share.
In order to compare processors based on the RISC-V architecture to other reduced instruction set computing (RISC) architectures, such as Arm solutions, Omdia conducted a global market study report.
Businesses are gravitating to RISC-Vs because they can utilize them to design or adapt their own hardware since, unlike Arm architectures, RISC-Vs are license-free, according to Omdia’s analysis, as businesses show an increased interest in AI.
According to the paper, businesses will employ the processors in CPU rules, including edge AI processing, in future RISC-V designs.
According to Edward Wilford, senior principal analyst for IoT at Omdia, “RISC-V makes the most sense in novel applications, where a developer doesn’t already have an existing Arm product in place.” “A lot of new territory is being revealed with the rise of AI, the increase in use cases and capabilities, and all of it has potential for RISC-V.”
According to Omdia’s estimate, between 2024 and 2030, shipments of processors based on RISC-V are expected to rise by about 50%.
46 percent of the projected 17 billion processors that will be sold by 2030 are anticipated to be utilized in industrial environments.
Apart from industrial settings, the automobile industry is predicted by Omdia’s analysis to have a substantial increase in the usage of RISC-Vs, with growth of 66% each year.
“Semiconductors are essential to every aspect of the rapid transformation the automotive industry is undergoing,” Wilford stated. “One of the most appealing features of RISC-V for the automotive industry is its ability to allow you to own your design in a way that is not possible with a licensed instruction set architecture (ISA). This has been emphasized as a crucial component in industry conversations.”
According to Omdia’s analysis, the development of RISC-V processors will allow industrial IoT devices to handle data more intelligently.
According to the paper, the number of RISC-V AI processors is expected to rise at an average yearly pace of 120%, more than doubling annually until 2030.
The report stated, “Industrial applications have been somewhat slow to adopt AI.” However, Omdia’s research indicates that interest in use cases like as defect detection, digital twins, and predictive maintenance would eventually lead to a rise in industrial demand.
According to Willford, “Embedded AI is a striking convergence of use case and technology.” “There will be a huge opportunity for ISA as RISC-V grows in tandem with the rise of AI, particularly edge AI.”
