Fault tree analysis (FTA) is one of the most popular failure analysis techniques that reveal the potential pathways leading to systems or components failure. It has been widely employed in numerous sectors to understand how a system fails and is improved. However, the conventional FTA has been criticized due to a series of inherent shortcomings in the FTA state of the arts. Accordingly, scholars, engineers, and practitioners made their attempts to improve the FTA by dealing with its critical deficiencies over the last decade. However, a few works have been performed to review and synthesize the relevant studies on FTA improvement topics. Thus, the present study is aimed to carry out a systematic literature review of the state-of-the-art theoretical and empirical findings concerning FTA improvement from 2011 to 2021 using the Scopus database collection. In this sense, an in-depth investigation is conducted using statistical metadata analysis. This subject discusses frontier directions and development trends to reveal the research status. In addition, a bibliometric study is undertaken to ascertain the most productive and influential researchers, research centers, and hotspot fields. It also sheds light on the FTA shortcomings in the existing literature, the evolution in FTA improvement topics, and research opportunities. The outcomes of the present work highlighted thatThis is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.