The conventional plant breeding evaluation of large sets of plant phenotypes with precision and speed is very challenging. Thus, consistent, automated, multifaceted, and high-throughput phenotyping (HTP) technologies are becoming increasingly significant as tools to aid conventional breeding programs to develop genetically improved crops. With rapid technological advancement, various vegetation indices (VIs) have been developed. These VI-based imaging approaches, linked with artificial intelligence and a variety of remote sensing applications, provide high-throughput evaluations, particularly in the field of precision agriculture. VIs can be used to analyze and predict different quantitative and qualitative aspects of vegetation. Here, we provide an overview of the various VIs used in agricultural research, focusing on those that are often employed for crop or vegetation evaluation, because that has a linear relationship to crop output, which is frequently utilized in crop chlorophyll, health, moisture, and production predictions. In addition, the following aspects are here described: the importance of VIs in crop research and precision agriculture, their utilization in HTP, recent photogrammetry technology, mapping, and geographic information system software integrated with unmanned aerial vehicles and its key features. Finally, we discuss the challenges and future perspectives of HTP technologies and propose approaches for the development of new tools to assess plants’ agronomic traits and data-driven HTP resolutions for precision breeding.