Wearable industry nearly tripled since 2014: Report

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Who's winning in the wearables market

Shipments of fitness trackers and smartwatches surged in the third quarter, research firm International Data Corp. said in a recent report.

Fitbit remains the leader in the global wearable market despite increased competition from Apple and Chinese companies, according to data from IDC's Worldwide Quarterly Wearable Device Tracker, which were released Thursday.

Compared to Fitbit's 22 percent market share, Apple came in at No. 2 with 18.6 percent in its second quarter after introducing the Apple Watch. Not trailing far behind was Chinese vendor Xiaomi, which grabbed 17.4 percent of the market.