Swatch is a global brand founded in 1983 by Nicolas Hayek that launched the first line of plastic quartz analog watches. The name "Swatch" refers to a second watch intended as casual accessories. Swatch's target market is teenagers and young adults aged 15-34 who prefer innovative, fashionable timepieces suitable for an active lifestyle. Swatch segments its market demographically by age, with the most lucrative being 15-34, and geographically as the brand is worldwide.