Modern aero engine components are subjected to extreme conditions were high wear rate, excessive fatigue cycles, and severe thermal attack are inevitable. These aggressive conditions reduce the service life of components. Its generic effect is magnified in the light of understanding the fact that aero engine parts are highly sensitive to functional and dimensional precision therefore, repair and replacement are great factors that promote downtime during operation. Hard thermal barrier coatings have been used in recent times due to their optimized properties for maximum load bearing proficiency with high temperature capability to meet performance and durability required. Nevertheless, less emphasis is being given to the coating-substrate interaction. Functionally graded structures have better synergy and flexibility in composition than coatings, giving rise to controlled microstructure and improved properties in withstanding acute state of affairs. Such materials can be fabricated using Laser Engineered Net Shaping LENS™ , a laser-based additive manufacturing technique. LENS™ offers a great deal in rapid prototyping, repair, and fabrication of three-dimensional dense structures with superior properties in comparison with traditionally fabricated structures. The manufacture of aero engine components with functionally graded materials, using LENS™, can absolutely mitigate the nuisance of buy-to-fly ratio, lost time in repair and maintenance, and maximize controlled dimension and multi-geometric properties, enhanced wear resistance, and high temperature strength. This review presents an extensive contribution in terms of insightful understanding of processing parameters and their interactions on fabrication of functionally graded stainless steel, which definitely influence the final product quality.