In this paper,the current status of study and application of precise forging technology is reviewed and analyzed.The current status of application and developing direction of precise forging process including hot forging,cold forging,warm forging,compound forging is introduced.The characteristic and present application status of precise forging equipment is analyzed.The characteristic of precise forging mould is summarized and some advanced designing and manufacturing technologies for mould are introduced.The application and existing problems of numerical simulation on forming in precise forging is reviewed from forward simulation and backward simulation.The present research status of process optimization for precise forging is introduced.Finally the trends of precise forging technology are presented briefly.