Polysilanes have σ‐conjugated backbones and organic side groups. The energy state of polysilane is influenced by molecular weight, conformation of the backbone, side groups, and branching points. Sigma‐conjugated polysilanes show strong absorption and efficient emission in the UV region. These properties are sensitive to external stimuli and show interesting thermochromism, piezochromism, electrochromism, and solvatochromism. Undoped polysilanes are insulators but they become conductive on doping. Polysilanes are also photoconductors showing high hole drift mobility. Polysilanes are thus studied as resist materials for photo or X‐ray lithography and as emissive or hole transport materials of LEDs. The siloxane part after photolysis is used for color filter production, recording material, printing material, and production of microlens. Polysilanes are synthesized by five methods: Wurtz coupling, dehydro‐coupling, ring‐opening polymerization, anionic polymerization of masked disilene, and redistribution polymerization of alkoxylated disilanes. Functional polysilanes are prepared from SiH, SiCl, and chloromethylphenyl groups. Block copolymers with carbon blocks are prepared by photolysis of polysilanes in carbon monomers, reaction of SiCl end with living carbon polymers, atom‐transfer polymerization with carbon monomers, and polymerization of carbon monomers with living polymer from masked disilene.