Nowadays, as an emerging technology, additive manufacturing (AM) has received numerous attentions from researchers around the world. The method comprises layer-by-layer manufacturing of products according to the 3D CAD models of the objects. Among other things, AM is capable of producing metal matrix composites (MMCs). Hence, plenty of works in the literature are dedicated to developing different types of MMCs through AM processes. Hence, this paper provides a comprehensive overview on the latest research that has been carried out on the development of the powder-based AM manufactured MMCs from a scientific and technological viewpoint, aimed at highlighting the opportunities and challenges of this innovative manufacturing process. For instance, it is documented that AM is not only able to resolve the reinforcement/matrix bonding issues usually faced with during conventional manufacturing of MMCs, but also it is capable of producing functionally graded composites and geometrically complex objects. Furthermore, it provides the opportunity for a uniform distribution of the reinforcing phase in the metallic matrix and is able to produce composites using refractory metals thanks to the local heat source employed in the method. Despite the aforementioned advantages, there are still some challenges needing more attention from the researchers. Rapid cooling nature of the process, significantly different coefficient of expansion of the matrix and reinforcement, processability, and the lack of suitable parameters and standards for the production of defect-free AM MMCs seem to be among the most important issues to deal with in future works.
