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Monolithic components are often insufficient when a combination of conflicting properties, or a variation in properties at different regions within a material is required. Functionally graded composite materials (FGCM) are a relatively new class of materials with a systematic variation of the composition, microstructure, and properties along one direction. The graded structure offers tailorable property combinations not achievable with monolithic composites and significant recent research has been carried out on their development. An effort has been made in this article to review the latest developments on bulk FGCMs since 2015. The different processing techniques used for their fabrication have been discussed, highlighting their advantages, limitations, and recent advancements pertaining to FGCM fabrication. Various physical, mechanical, and thermal properties of FGCMs have been treated separately, and wherever possible, summary plots combining data from various research articles have been developed. Finally, potential areas for directing future FGCM research have been identified.

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