Vacuum hot pressing has been used for the development of titanium metal matrix composites using foil-fiber-foil technique. Subsequent micro-mechanical characteristics of the composites are then investigated by means of several experimental methods. The levels of consolidation, together with mechanism based failure processes of the materials have been analyzed by employing a thermo-acoustic emission technique. As shown by the results, fiber strength degradation occurs during the consolidation, and particularly residual stresses results from the thermal expansion mismatch between fiber and matrix materials during cooling process are incorporated in the changes of mechanical properties of the finished products. In industrial applications, both qualitative and quantitative evaluations of the material-mechanical characteristics are particularly important, and therefore must be included in process development. The present paper represents a methodology by which this can be achieved.