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Global Intercontinental Ballistic Missile Market to Register 5.8% CAGR between 2016 and 2020

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Published on : Jun 06, 2016

ALBANY, New York, June 06, 2016: The research report, titled “Global Intercontinental Ballistic Missile Market 2016-2020,” delves into the drivers and restraints of the global intercontinental ballistic missile market (ICBM). It explains the trends and dynamics that market players should follow and keep up with in order to achieve the highest return on investments. Furthermore, the report studies the historical data pertaining to this market and compares it with current market status to map its trajectory for the coming few years. According to the research report, the global intercontinental ballistic missile market is expected to expand at a pace of 5.8% CAGR between 2016 and 2020. 

An intercontinental ballistic missile (ICBM) is a ballistic missile that boasts a long range of 3,400 miles or 5,500 kilometers. It is primarily designed for delivering one or more nuclear warheads. These missiles have better speed and range than intermediate-range ballistic missiles (IRBMs), short-range ballistic missiles (SRBMs), and medium-range ballistic missiles (MRBMs). The world’s longest ballistic missile is owned by Russia and is named R-36M (SS-18 Satan). It has an astounding range of 16,000 km.

The positive trend in the global intercontinental ballistic missile market can be attributed to the increasing number of investments in the research and development of these missiles. The growing political vulnerability and the rising threat of terrorism will complement this growth rate as well. This market is anticipated to be tugged in the opposite direction by defense budget cuts in the foreseeable future. However, technological advancements to develop smokeless missiles is expected to open up new growth opportunities for this market.

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The research report segments the global intercontinental ballistic missile market on the basis of type and geography. On the basis of type, this market is segmented into land-based ICBM market and submarine-based ICBM market. Geographically, this market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa.

The research report has been compiled using opinions and observations from industry experts in the market. It includes a thorough analysis of information that has been gathered from news items, journals, conferences, and interviews to provide readers a holistic overview of the future of this market.

Some of the important players intensifying the competitive rivalry in the global intercontinental ballistic missile market are Northrop Grumman, BAE Systems, General Dynamics, Boeing, and Lockheed Martin. The report profiles each one of these players to provide its readers an accurate understanding of the competitive landscape of the overall market. Furthermore, the report analyzes ongoing technological developments, research and development activities, strategic mergers and acquisitions, business and marketing strategies, and expansion plans of these companies for the near future.

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