Since their first demonstration, thermally activated delayed fluorescence (TADF) materials have been emerged as the most promising emitters because of their promising applications in optoelectronics, typified by organic light‐emitting diodes (OLEDs). In which, the rigid oxygen bridged boron acceptor‐featured (DOBNA) emitters have gained tremendous impetus for OLEDs, which is ascribed to their excellent external quantum efficiency (EQE). However, these materials often displayed severe efficiency roll‐off and poor operational stability. Therefore, there needs to be a comprehensive understanding of the aspect of the molecular design and structure‐property relationship. To the best of our knowledge, there is no detailed review on the structure‐function outlook of DOBNA‐based emitters emphasizing the effect of the nature of donor units, their number density, and substitution pattern on the physicochemical properties, excited state dynamics and OLED performance were reported. To fill this gap, herein we presented the recent advancements in DOBNA‐based acceptor featured TADF materials by classifying them into several subgroups based on the molecular design i. e. donor‐acceptor (D−A), D−A‐D, A−D‐A, and multi‐resonant TADF (MR‐TADF) emitters. The detailed design concepts, along with their respective physicochemical and OLED performances were summarized. Finally, the prospective of this class of materials in forthcoming OLED displays is also discussed.