Owing to its excellent properties, Metal Matrix Composites (MMC) has gained popularity and finds application in aerospace, aircraft, shipbuilding, biomedical, biodegradable implant materials and many more. To serve the industrial needs, the manufactured MMC should have homogenous distribution along with minimum agglomeration of reinforcement particles, defect-free microstructure, superior mechanical, tribological and corrosive properties. The techniques implemented to manufacture MMC highly dominate the aforementioned characteristics. According to the physical state of the matrix, the techniques implemented for manufacturing MMC can be classified under two categories i.e. solid state processing and liquid state process. The present article attempts to review the current status of different manufacturing techniques covered under these two categories. The article elaborates on the working principles of state-of-the-art manufacturing techniques, the effect of dominating process parameters and the resulting characteristic of composites. Apart from this, the article does provide data regarding the range of dominating process parameters and resulting mechanical properties of different grades of manufactured MMC. Using this data along with the comparative study, various industries and academicians will be able to select the appropriate techniques for manufacturing MMC.