Thermal spray coatings from liquid feedstock such as suspensions and solution precursors have received increasing interest due to the unique coating properties obtainable by these processes. Several research groups are working on the basis of plasma as well as on high-velocity oxy-fuel approaches to manufacture advanced nanostructured and nanophased materials. These activities are reflected in various recent publications and conference presentations about feedstock preparation, equipment and process design, modeling techniques, in-process diagnostics, coating characterization, and emerging applications. This article will review these recent developments to give an up-to-date overview and to trace the current trends.