Titanium-based composite coatings reinforced by in situ synthesized TiB and TiC particles were successfully fabricated on Ti6Al4V by laser cladding using Ti-B₄C-Al or Ti-B₄C-C-Al powders as the precursor materials. The microstructural and metallographic analyses were made by X-ray diffraction (XRD), optical microscope (OM), scanning electron microscopy (SEM), and electron probe microanalysis (EPMA). The results show that the coatings are mainly composed of α-Ti cellular dendrites and a eutectic transformation product in which a large number of coarse and fine needle-shaped TiB and a few equiaxial TiC particles are homogeneously embedded. A thin dilution zone with a thickness of about 100 μm is present at the interface, and it consists of a few TiB and TiC reinforcements and a large number of lamella grains growing parallel to the heat flux direction in which a thin needle-shaped microstructure exists due to the martensitic transformation. The microstructural evolution can be divided into four stages: precipitation and growth of primary β-Ti phase, formation of the binary eutecticum β-Ti+TiB, formation of the ternary eutecticum β-Ti+TiB+TiC, and solid transformation from β-Ti to α-Ti.