Composite materials exhibit advantages from the combination of multiple properties, which cannot be achieved by a monolithic material. At present, the use of composite materials in miniaturized scale is receiving much attention in the fields of medicine, electronics, aerospace, and microtooling. A common method for producing miniaturized composite parts is micromanufacturing. There has been, however, no comprehensive literature published that reviews, compares, and discusses the ongoing micromanufacturing methods for producing miniaturized composite components. This study identifies the major micromanufacturing methods used with composite materials, categorizes their subclasses, and highlights the latest developments, new trends, and effects of key factors on the productivity, quality, and cost of manufacturing composite materials. A comparative study is presented that shows the potential and versatility associated with producing composite materials along with possible future applications. This review will be helpful in promoting micromanufacturing technology for fabricating miniaturized products made of composite materials to meet the growing industrial demand.