Magnetically Impelled Arc Butt (MIAB) welding is a cutting-edge joining method that replaces the conventional welding procedures such as resistance, friction, flash and butt welding. It is a solid-state process that uses a rotating arc to heat up the butt ends of tubes, being followed by a forging process that completes the joining of the workpieces The magnetic flux density and the current interact to develop the Lorentz force that impels the arc along the faying surfaces. This process is found to produce high tensile strength and defect-free welds in ferrous materials and for this reason, it is predominantly employed in automobile applications for joining metallic tubes. Also, this joining procedure can be applied in the fabrication of boilers, heat exchangers, furnace piping in petrochemical industry and other safety-critical high-pressure machinery parts. The MIAB method has several advantages such as a shorter welding cycle, lower input energy requirement and lower loss of material. Compared to other solid-state welding processes, the MIAB welding has an important advantage in terms of cost-efficient welds with better control and reliability. Moreover, there are researchers who have investigated the joining of non-ferrous dissimilar materials using this welding procedure. The studies have been focused on process parametric analysis that involves optimizing and forecasting the magnetic field and thermal profile distribution. This review article provides competitive insights into various design features, computational methods, tests and material characterization, technical issues and workarounds, as well as automation aspects related to the MIAB-welding process. This work will prove to be a quick reference for researchers, useful to identify the research gaps and conflicting ideas that can be further explored for advancements in joining the similar and dissimilar materials.