Functionally Graded Material (FGM) belongs to a class of advanced material characterized by variation in properties as the dimension varies. The overall properties of FMG are unique and different from any of the individual material that forms it. There is a wide range of applications for FGM and it is expected to increase as the cost of material processing and fabrication processes are reduced by improving these processes. In this study, an overview of fabrication processes, area of application, some recent research studies and the need to focus more research effort on improving the most promising FGM fabrication method (solid freeform SFF) is presented. Improving the performance of SFF processes and extensive studies on material characterization on components produced will go a long way in bringing down the manufacturing cost of FGM and increase productivity in this regard.