The performance of a water electrolyser (WE) depends on several aspects, many of which are located in the powerhouse of the cell, namely, the membrane electrode assembly (MEA). The anion exchange membrane WE (AEMWE) is a promising technology; however, both activity and stability must be further developed to surpass the current dominant WE technologies. Herein, we review aspects related to MEA development for anion exchange membrane water electrolysers, covering materials and techniques from the perspective of stability and activity. The gas diffusion layer (GDL) and the microporous layer (MPL) are often combined into a single MEA component, which places great importance on its composition. This composite layer has the greatest impact of any single component on cell performance, as the physical architecture of the GDL/MPL influences the overpotential related to activation, ohmic, and mass transport. The purpose of this review is to serve as an executive summary of the literature related to MEAs for AEMWEs for researchers and industry professionals who seek to further the state of the art.