You're talking about a lot of -- a lot of exciting applications that are in your pipeline. If you look farther out, say three to five years, could you help sort of rank which ones you think will be the largest? And if there's any applications that you haven't discussed today, that you think will be meaningful in that timeframe that you haven't mentioned so far in this call? Thank you.
Georges Karam -- President and Chief Executive Officer
I mean, it's very, very complicated question, because to compare between them, what I could say some of them are less risky. In other words, when you look to all those application, all of them makes sense. The challenge we have when you look to some new application, where you don't know the adoption is how much is going to be said to be successful, the timing, and so on. But I could say today for sure that the metering will be a big, big segment in this space, because all the metering companies are moving. I'm seeing this everywhere, everywhere, and on a worldwide basis, not only in the US, but also US, Japan, Europe, and we are engaged with all those metering company, and we have already some good business there. And this will continue.
Security system, this will be another big play as well. And the tracking device is still a question mark, in a sense how big it is, everything tend to be -- I mean, I tend to believe this will be maybe the biggest the tracking, if this will happen. This should be the biggest because the number of things that you need to track are we're talking about a hundred of millions of unit for any application. The challenge there is that, this is a new one, are you going to stick a tracker on everything and is it going to happen or not?
We're seeing very good progress there in this space. But this is maybe the one lagging in terms of round in my opinion. So this just to give the three. And obviously, I'm discarding here all consumer application, because obviously going to any of consumer application, this could be big in general, but the sort of application kind of depends on the brand, depends what you will be launching, depending on the technology. But like, on wearable application and so on, but it's a little bit hard to estimate how big it will versus the other. |
