Because of unique combination of properties, ultra high temperature ceramics (UHTCs) are considered the most suitable material for applications in extreme environments as in hypersonic flights, atmospheric reentry, and rocket propulsion system. Processing of UHTCs especially ZrB2‐based ceramic composites with additives offer advantages in terms of simple processing methodology and excellent properties. Processing route highly controls the ceramic properties. Present review share out systematically and explain the processing strategies of ZrB2‐based ceramic composites––conventional, hot press or spark plasma sintering and their effect on microstructure features, physical, and mechanical properties and tribological performance. Present review suggests that it is possible to process full dense ZrB2–SiC ceramic composite with ultrafine or nano size particles via fast sintering technique like spark plasma sintering and gives better mechanical and wear resistant properties.