This new type of ship was revolutionary and over the next decade fast cats replaced most hydrofoil and hovercraft services as well as many monohull ferries.

The success of this new type of ferry led to other shipbuilders around the world using their yards to build large vehicle carrying aluminium catamarans.

However many ferry operators preferred traditional monohull designs and the limited market for fast cats became crowded with manufacturers bidding low to keep their shipyards working.

In August 2024, Incat purchased 12 hectares of land from Norske Skog to build a second shipyard on part of the Boyer Mill site.

The type of ship was different from earlier ferries and its instant success led to Incat becoming a major player in the industry.

In the 1990s several catamarans built by Incat entered naval service as fast transports, including HMAS Jervis Bay with the Royal Australian Navy and HSV-X1Joint Venture, Spearhead and HSV-2 Swift, which served with the United States Armed Forces.

Most offshore oil rigs are exposed to rough open seas with crew transfers by helicopter and freight needs served by platform supply vessels.

Several fast catamarans have been built to transfer both crews and cargo for this market including Incat Hull 074 Muslim Magomayev delivered in 2015.

An earlier Brooke Street Pier ferry terminal on Hobart's waterfront needed replacement and Incat was commissioned to build an 80 x 20-metre floating pontoon.

As one of the first large aluminium vehicle carrying catamarans in the world, it contributed to the big changes in the ferry industry that occurred in the 1990s.