Ceramic matrix composites (CMCs) are promising candidates for application in aeroengine, aerospace aircraft thermal protection systems, nuclear power system, and other fields. At present, CMCs are developing from structural bearing materials to multi-functional composites. MAX phases are a group of layered ternary ceramics with excellent plastic deformation capacity, high electrical conductivity, good irradiation resistance and ablation resistance. Besides strengthening and toughening CMCs, the introducing MAX phases into CMCs can effectively improve the anti-irradiation, anti-ablation and electromagnetic interference shielding performance, meeting requirements of multi-functional CMCs. This paper reviewed the progress on MAX phases modified CMCs, design mechanism and application prospect.