Jefferies has released its semiannual market forecast for 2021-2023, predicting a 44% increase in the semiconductor equipment market in 2021, followed by a 11% increase in 2022 and a slight decrease in 2023. The forecast is based on the semiannual market forecasts of SEMI, which is an industry organization that issues forecasts in conjunction with Semicon West and Semicon Japan. The front-end process equipment market is projected to reach $88.9bn in 2021, down slightly from the previous quarter's forecast of $91.4bn. The 2022 outlook is for $98.2bn, a 10.4% increase from the previous quarter's forecast of $98.4bn.
