During past few years, studies in the field of nanomaterial sciences were more focused on nanocomposites due to their extraordinary and unexplored interesting properties. Our prime focus in this review is to address recent advancements in their manufacturing, processing, characterization of their functional attributes and also to explore the thrust areas of their utilization. In this way, we objectively explored and analyzed different areas such as aerospace, electric and manufacturing, defense and biomedical by addressing the strength and uses of nanocomposites respectively. Along with this, we also explored the area of biomedical sciences specifically their application in tissue engineering using zirconium oxide nanoceramic modified chitosan as an exemplary nanocomposite. Conclusively, this review will provide critical issues in nanocomposites research with promising functional utility to a greater extent.
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