Lewes, DE -- (SBWIRE) -- 05/19/2016 -- Report forecast the global ICBM market to grow at a CAGR of 5.8% during the period 2016-2020.

Intercontinental Ballistic Missiles are guided ballistic missiles with a minimum range of 3,400 miles, which are designed for the delivery of one or more nuclear warheads. They have greater range and speed than other ballistic missiles, such as intermediate-range ballistic missiles (IRBMs), medium-range ballistic missiles (MRBMs), and short-range ballistic missiles (SRBMs).

The report covers the present scenario and the growth prospects of the global ICBM market for 2016-2020. The report provides a comprehensive overview, market shares and growth opportunities by type (land based and submarine based), and growth prospects by region (the Americas, APAC, and EMEA).

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key driver which is driving market growth is the rise in R& D investments. R&D is a pre-requisite for the development of ICBM systems and maintenance of global competitiveness in the market. Of late, regions like the Americas and Europe have made high investments in R&D and procurement of missile systems for strengthening their border security.

Further, the report states that one challenge that will likely hamper market growth is an increase in defense budget cuts.

Global ICBM Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Intercontinental Ballistic Missile Market: BAE Systems, Boeing, General Dynamics, Lockheed Martin, and Northrop Grumman.

Other Prominent Vendors in the market are: China Academy of Launch Vehicle Technology, Orbital ATK, Rafael Advanced Defense Systems, Raytheon, and Rockwell Collins.

Market driver
- Growing R&D investments
- For a full, detailed list, view our report

Market challenge
- Defense budget cuts
- For a full, detailed list, view our report

Market trend
- Emergence of smokeless missiles
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 75 pages and 47 Exhibit "Global Intercontinental Ballistic Missile Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global aerospace and defense supply chain system, Global aerospace and defense value chain system, Market segmentation by type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-intercontinental-ballistic-missile-market-2016-2020

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