Market Opportunity
Axon Enterprise (AAXN), formerly known as Taser International, has captured (no-pun intended) the lion's share of the move towards implementing body cams in law enforcement. This move has reinvigorated the company with Taser sales growth slowing to single-digits while software and sensors revenue, which includes body cams, grew at a tepid 53% in 2018.
Body cams have been a hot topic of discussion following several incidents, most notably in Baltimore and Ferguson, that garnered media attention. The opportunity to expand into body cams fell into Axon's lap because of Axon's existing