Ceramic particle reinforced iron-based alloys have been widely used in aerospace, land transportation and other aspects, so it has attracted tremendous attention. Aiming at the preparation and interfacial reaction of ceramic particle reinforced iron-based alloys, the preparation methods for interfacial reactions, reinforcement selection and design of ceramic particle reinforced iron-based alloys are introduced in this paper. Combined with the recent studies on ceramic particle reinforced iron-based alloys, this paper focuses on the ceramic particle reinforced iron-based interface and strengthening models/mechanisms, based on existing research, prospects for further ceramic particle reinforced iron-based alloys were studied.