General Information
Next Vision Stabilized Systems Ltd. is an Israeli company that specializes in micro stabilized gimballed camera systems for UAVs, ground vehicles, and maritime platforms. Next Vision’s stabilized systems are mostly deployed in military applications, supporting surveillance, reconnaissance, target acquisition, and loitering munitions operations. It markets its cameras as “Field-Proven Products”.[1]Next Vision, About Us
Next Vision was founded in 2009 by Chen Golan, a former Israeli Air Force pilot who later served in its weapons development division, and Boris Kipnis, a veteran of Unit 8200. The company is currently led by CEO and co-owner Michael Grosman, who also served in Unit 8200.[2]Calcalist, “Demand is increasing? I’m ready to close the business and there won’t be a war”, 07.12.2023 Next Vision launched its IPO on the Tel Aviv Stock Exchange in 2021 under the ticker NXSN, transitioning from a privately held firm into a publicly traded company [3]Next Vision Stabilized Systems, Investor Relations
Main Products
Next Vision’s main products are micro stabilized camera turrets. The company offers a range of camera gimbals weighing under 2kg, that can be deployed on UAVs, alongside video encoders and other accessories such as retractable mounts, IP streaming/trip encoders, geo-location, object-tracking, and video-compression tools. [4]Next Vision Website
Worldwide Activity
Next Vision has had over 400 in more than 50 countries. 95% of the company’s sales are to system manufacturers and not to end users. Most of its sales are for Europe (57.8% from Next Vision’s income).[5]Next Vision, Annualy & Quarterly Reports, 2024 Annual report
Activity in Israel
As of 2024, Next Vision has 35 customers in Israel, including the biggest Israeli defense companies, Elbit, IAI, Aeronautics (owned by Rafael), UVision and the Israeli ministry of defense.[6]Tech Time, Next Vision is raising its annual sales forecast to approximately $110 million, 16.05.2024. Its cameras are used for surveillance, reconnaissance, target acquisition, and loitering munitions. Orders from the company’s Israeli customers have increased since 7 October, 2023.[7]Next Vision, Annualy & Quarterly Reports, 2024 Annual report
NextVision Stabilized Systems supplied over 1,000 camera turret units and video encoders to Elbit Systems. Those cameras are deployed on the mini-UAS Thor and SkyLark LEX.[8]Next Vision, Over 1000 camera turret units and video encoders to Elbit Systems, 03.09.2020