The future of the global RISC-V technology market looks promising with opportunities in the computing & storage, communication infrastructure, consumer electronic, automotive & transportation, medical, aerospace & military, and industrial markets. The global RISC-V technology market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 25.1% from 2024 to 2030. The major drivers for this market are rising concern for securing IoT devices, growing demand for connected autonomous vehicles, and increasing adoption of internet of things (IoT).
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the RISC-V technology market
by application (smartphones, 5G devices, data centers, personal computers &
game consoles, cellular network devices, IoT devices, and others), end use
(computing & storage, communication infrastructure, consumer electronics,
automotive & transportation, medical, aerospace & military, industrial,
and others), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
smartphones, 5G devices, data centers, personal computers & game consoles,
cellular network devices, and IoT devices are the major segments of RISC-V
technology market by application. Lucintel forecasts that 5G devices is
expected to witness highest growth over the forecast period.
Within this market,
consumer electronics will remain the largest segment due to increasing demand
from different consumer electronics aplication,
as smartphones, tablets, wearables, and smart home devices.
APAC will remain the
largest region due to rapid economic growth and urbanization and significantly
growing semiconductor industry in the region.
Google, Huawei
Technologies, Alibaba, ZTE, Western Digital, Stream Computing, SiFive, Shanghai
Starfive Technology, Andes Technology, and Futurewei Technologies are the major
suppliers in the RISC-V technology market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email roy.almaguer@lucintel.com
Tel. 972.636.5056
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