Even though carbon nanotubes offer an excellent solution for the design of strain sensors, their widespread commercial utilization has been hampered by the unavailability of design rules, inconsistencies in their macro‐scale properties, and lack of understanding of the effects of various parameters on their characteristics. Nevertheless, many researches have been carried out to characterize elastomeric nanocomposites filled with carbon nanotubes in order to optimize their properties such as electrical conductivity and strain sensitivity range. This article reviews the effect of different parameters on the electrical properties of such nanocomposites, followed by the analysis of performances of elastomer strain sensors.