Coordination between the construction of transport infrastructure and the development and protection of territorial space is an important factor in promoting sustainable regional development, but there is still a lack of systematic research on the impact of transport on territorial space worldwide. Following the logic of “development trend revealing—theoretical and technological summary—mechanism analysis”, the research progress on the two aspects of development and protection of territorial space related to transport is systematically and comprehensively sorted from the perspective of multi-scale and multi-mode transport. The results show that: (1) The number of research papers on the effect of transport on territorial space is on the rise, and there is an obvious trend of cross-disciplinary research. (2) Transport infrastructure will promote the development of territorial space in terms of land use change, spatial-temporal compression, and economic development, and will affect the protection of territorial space in terms of ecological impacts, energy consumption and carbon emissions, and the crossing of protection zones. (3) In the existing research, the lack of multi-dimensional indicator system construction and analysis, insufficient research at the mechanism level, and insufficient combination of theoretical research and practical application are the main problems at present, and an important direction is urgently needed for future research.