Industrial and automotive industry demands seem likely to turn to RISC-V over Arm, says Omdia
May. 27, 2024 –
RISC-V chips are set to become a global powerhouse in the 2020s, with a market share of almost 25% by 2030, according to research by Omdia. The forecast outpaces even RISC-V International's own ambitious expectations from November.
RISC-V is an open-standard instruction set architecture (ISA) - the structure that tells CPUs how to interpret instructions, with alternatives being Arm or x86. RISC-V is unique in the chip world due to its open standard, allowing developers to use and even edit RISC-V to develop their own CPUs.
Between 2024 and 2030, Omdia expects RISC-V-based chip shipments to increase by 50% annually, reaching a peak of 17 billion chips shipped in 2030 alone. The largest industry for RISC-V will be industrial applications, set to make up 46% of sales, but the greatest growth will be in automotive, with an expected 66% growth in automotive annually.