Asphalt, as a key binder material in road construction, is susceptible to ultraviolet (UV) radiation-induced aging, leading to embrittlement and reduced durability. Despite the significance of UV aging, research in this area remains limited compared to that on thermal aging. This paper comprehensively reviews the current state of research on UV aging in asphalt, focusing on its mechanism, evaluation indicators, and methods to delay or avoid UV aging. The structural components, rheological properties, and aging mechanisms of asphalt are discussed. Various UV aging simulation methods, including the use of UV chambers and accelerated aging tests, are presented along with their evaluation tests such as dynamic shear rheometry, rutting tests, Fourier infrared spectroscopy, and bending beam rheology. Key indicators used to assess UV aging, including physical properties, rheological parameters, and chemical composition changes, are summarized. The mechanisms underlying UV aging, particularly the changes in asphalt’s structural components and rheological properties, are examined. The impact of factors like radiation intensity, temperature, chemical composition, and asphalt film thickness on UV aging is discussed. Additionally, various additives and modifiers, including modified bitumen, UV shielding agents, UV absorbers, antioxidants, and nanomodifiers, are reviewed for their potential to mitigate UV aging. This paper concludes by highlighting the challenges in developing standardized test equipment and evaluation criteria, the limitations of organic modifiers, and the need for further research on nanomaterials to improve asphalt’s UV aging resistance.