Catalytic hydrosilylation of carbon dioxide has emerged as a promising approach for carbon dioxide utilization. It allows the reductive transformation of carbon dioxide into value‐added products at the levels of formate, formaldehyde, methanol, and methane. Tremendous progress has been made in the area of carbon dioxide hydrosilylation since the first reports in 1981. This focus review describes recent advances in the design and catalytic performance of leading catalyst systems, including transition‐metal, main‐group, and transition‐metal/main‐group and main‐group/main‐group tandem catalysts. Emphasis is placed on discussions of key mechanistic features of these systems and efforts towards the development of more selective, efficient, and sustainable carbon dioxide hydrosilylation processes.