The synthesis of metallic nanoparticles has been of long standing interest, primarily induced by their novel and unique properties that differ considerably from bulk materials. Despite various methods have been developed, it is still a challenge to produce high-quality metallic nanoparticles with controllable properties in a simple, cost-effective and environmentally benign manner. However, the development of the microplasma-assisted technology can bring an answer to this formidable challenge. In the present work, four mainmicroplasma configurations used for metallic synthesis of metallic nanoparticles are reviewed. These are hollow-electrode microdischarges, microplasma jets with external electrodes, microplasma jets with consumable electrodes and plasma-liquid systems. The state of the art characterization methodologies and diagnostic techniques for in situ microplasma-assisted precursor dissociation as well as ex situmetallic nanoparticles analysis is also summarized. Further, a broad category of representative examples of microplasma-induced metallic nanoparticle fabrication is presented, together with the discussion of possible synthesis mechanisms. This is followed by a brief introduction to related safety considerations. Finally, the future perspectives, associated challenges and feasible solutions for scale-up of this technique are pointed out.