The carbon fibers have been employed to form the high performance composites. The use and compatibility of carbon fibers have gained research interest. Incidentally, the nanocarbon nanostructures such as carbon nanotube, graphene, nanodiamond, and fullerene have been deposited on the carbon fiber surface to increase the interfacial linking with the matrices. Various physical and chemical methods have been used to deposit the nanocarbon on the carbon fiber surface including the chemical vapor deposition, electrospraying, electrophoretic deposition, etc. This review basically highpoints the prospective of the formation of the polymer/fiber composite and polymer/fiber/nanofiller nanocomposite for the advanced structures. The effect of the addition of the nanocarbon on the properties of the polymer/carbon fiber materials have been observed. Specifically, the morphology, strength, toughness, storage modulus, thermal stability, and other physical characteristics have been observed. Moreover, the interfacial adhesion and resulting interfacial features of the polymer/fiber/nanofiller nanocomposite have also been perceived.