CSAM is a solid-state process for depositing metal or metal-based composite materials in which the fine particles of metal or composite material are accelerated to supersonic velocity, making successful bonding feasible due to the high-impact velocity and heavy plastic deformation, all without the melting of the feedstock material. This review examines the basic CSAM mechanism, including deposition dynamics, bonding mechanism, dynamic recrystallization, residual stress evolution, and post-spray heat treatments which affect microstructural and mechanical properties. Although controlled by a few key factors like particle velocity, strain rate, and temperature rise, the bonding efficiency itself refines the grains through dynamic recrystallization, hence improving coating strength and performance. The predominating compressive residual stresses that enhance fatigue resistance and mitigation strategies to improve coating durability by post-spray annealing and laser peening are discussed. This review, by providing an overview of material behavior, optimization techniques, and advanced modeling approaches, underlines the CSAM potential for high-performance applications in aerospace, biomedical industries, and machinery. It further underlines its importance for the advancement of manufacturing innovation and materials science.