Alkaline‐based electrochemical devices, such as anion exchange membrane fuel cells and electrolysers, are receiving increasing attention. However, while the catalysts and membrane have been methodically studied, the ionomer has been largely overlooked. In fact, most of the studies in alkaline electrolytes have been conducted using the commercial proton exchange ionomer Nafion. The ionomer does not only provide ionic conductivity, but it is essential for gas transport and water management, as well as controlling the mechanical stability and the morphology of the catalyst layer. Moreover, the ionomer has distinct requirement that differ from those of anion‐exchange membranes, such as a high gas permeability, and that depend on the specific electrode, such as water management. As a result, it is necessary to tailor the ionomer structure to the specific application, in isolation and as part of the catalyst layer. In this review, we will provide an overview of the current state of the art for anion exchange ionomers, summarizing their specific requirements and limitations in the context of AEM electrolysers and fuel cells.This article is protected by copyright. All rights reserved