Layerwise theory, proposed by Reddy, is a 3D analysis method for accurately analyzing composite laminated plates and shells. Without introducing any deformation and stress hypothesis, layerwise theory, compared with the classical equivalent single layer theories, has greater advantages for static and dynamic responses analysis of thick composite laminated plates and shells, especially for local interlaminar effects analysis. A review and recent research progress of the layerwise theory were presented, and its numerical solutions and applications were demonstrated as well. The basis of layerwise theory and its recent development were introduced. The implementation of layerwise finite element method and its refined models were discussed. The employment of layerwise theories for conducting static and vibration analyses and the damage model analysis of composite laminated plates and shells were outlined. And several future research trends were recommended in the end.