Microwave photonics is a rapidly-growing interdisciplinary field linking microwave and optical technologies. This paper intends to trace the evolution of microwave photonics over the last three decades emphasizing some major research areas and application fields. Currently, microwave photonics is a vivid research area with several practical applications. In this paper, we attempt to project potential future trends as well.Index Terms-Analog fiber-optic link, microwave photonics, optical control, optical generation of microwave signals, optical signal processing, phased-array antennas, radio-over-fiber (RoF) links.