And cutting-edge European companies could be unwittingly contributing to Pyongyang's suspect nuclear program with their equipment diverted to the isolated country via China, they said.
Unveiling the first results of what will be a 15-month study, Joel Wit, senior fellow at the US-Korea Institute at Johns Hopkins University, said some of their conclusions were very "disturbing."
Although the North Korea's nuclear program remains shrouded in uncertainty, Pyongyang is currently believed to have a stockpile of some 10 to 16 nuclear weapons fashioned from either plutonium or weapons-grade uranium.
Those years, which followed the 2008 collapse of international six-party nuclear talks, were "banner years" for Pyongyang's nuclear program and missile systems development, Wit said.
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"For these kinds of programs there have been developments that make it at least more possible to predict the future," Wit told reporters. "We're making our best guess about the future ... We're estimating the future, just like intelligence agencies do."
In the second -- and most likely scenario -- North Korea continues its current trajectory and manages to produce 50 weapons by 2020.
It would also make significant advances in miniaturisation technology enabling it to mount warheads on a new generation of intermediate-range ballistic missiles.