Offshore wind turbines are becoming increasingly popular due to their higher wind energy harnessing capabilities and lower visual pollution. Researchers around the globe have been reporting significant scientific advancements in offshore wind turbines technology, addressing key issues, such as aerodynamic characteristics of turbine blades, dynamic response of the turbine, structural integrity of the turbine foundation, design of the mooring cables, ground scouring and cost modelling for commercial viability. These investigations range from component-level design and analysis to system-level response and optimization using a multitude of analytical, empirical and numerical techniques. With such wide-ranging studies available in the public domain, there is a need to carry out an extensive yet critical literature review on the recent advancements in offshore wind turbine technology. Offshore wind turbine blades’ aerodynamics and the structural integrity of offshore wind turbines are of particular importance, which can lead towards system’s optimal design and operation, leading to reduced maintenance costs. Thus, in this study, our focus is to highlight key knowledge gaps in the scientific investigations on offshore wind turbines’ aerodynamic and structural response. It is envisaged that this study will pave the way for future concentrated efforts in better understanding the complex behavior of these machines.