This review presents an overview of the progress and development in the additive manufacturing of aerospace alloys extracting the research from 150 papers. With manufacturing technology continually spreading in the aerospace industry, this research focuses on exploring the ways in which adoption of AM technologies can bring improved flexibility of designs, optimization of waste, and productivity than conventional approaches to manufacturing. For instance, Laser Powder Bed Fusion (LPBF) and Selective Laser Meling (SLM) processes are reviewed regarding the ability to standlise the mechanical properties of aluminum and titanium alloys that are used in aerospace engineering. In addition, current studies show that the addition of nanomaterials such as LaB6 particles to improve tensile strenth and hardness of the AM products that are developed. The review also discusses the difficulties related to the material homogeneity, process control and post processing which are crucial for the quality and reliability of aerospace parts. Multiple research articles related to AM for aerospace are searched, and identifies the applications, materials and other prospects towards the future of using AM technology in aerospace industry. The findings derived from this body of literature not only help elaborate the literature by extending knowledge regarding the effects of AM in aerospace production but also assist in charting the future direction of investigation in this dynamic domain.