The basic principle of recording and reconstructing for the coded aperture correlation holography is clarified, and the existing systems and methods for recording the coded aperture correlation holography are introduced. The imaging resolution and reconstruction quality are mainly analyzed. The existing problems and the research directions for this technology are also discussed. Coded aperture correlation holography has been demonstrated its potential applications in the fields of dynamic three-dimensional imaging, multi-spectral imaging, adaptive optics, biomedicine, and military.