This review critically examines the current state of graphene reinforced metal (GNP-MMC) and ceramic matrix composites (GNP-CMC). The use of graphene as reinforcement for structural materials is motivated by their exceptional mechanical/functional properties and their unique physical/chemical characteristics. This review focuses on MMCs and CMCs because of their technological importance for structural applications and the unique challenges associated with developing high-temperature composites with nanoparticle reinforcements. The review discusses processing techniques, effects of graphene on the mechanical behaviour of GNP-MMCs and GNP-CMCs, including early studies on the tribological performance of graphenereinforced composites, where graphene has shown signs of serving as a protective and lubricious phase. Additionally, the unique functional properties endowed by graphene to GNP-MMCs and GNP-CMCs, such as enhanced thermal/electrical conductivity, improved oxidation resistance, and excellent biocompatibility are overviewed. Directions for future research endeavours that are needed to advance the field and to propel technological maturation are provided.