In the manufacturing process, in addition to the properties of material itself, the quality of a product is directly related to the cutting process. Cutting force and cutting heat are two crucial factors in cutting processing. Researchers can analyze various signals during cutting process, such as cutting force signal, vibration signal, temperature signal, etc., which can regulate force and temperature, optimize the cutting process, and improve product quality. Therefore, it is very important to pay attention to various signals in cutting process. Meanwhile, good-quality signal data sets will greatly reduce time, resource and labor costs for subsequent use or analysis of researchers. Therefore, how to collect high-quality signals effectively and accurately is the first step. At present, researchers prefer to use various sensors to collect signals. With the advancement of science and technology, intelligent tool holder appears in researchers' vision. It integrates multiple systems such as sensors, data collection, data transmission, and power supply on the tool holder. It replaces traditional wired sensors, and it is highly interactive with CNC machine tools. This paper will carry out a systematic review and prospect from three aspects: the structural design of the intelligent tool holder, the signal monitoring technology of the intelligent tool holder, and the tool condition monitoring of the intelligent tool holder.