The synthesis, structure, properties, and applications of rigid‐rod polymers are described. PBZT and PBZO are selected as the models to be discussed in detail with respect to their fiber, film, and molecular‐composite processing, liquid‐crystal solution behavior, and computer simulations. Emphasis is placed on their ultimate tensile, thermal, chemical, electrical, and optical properties, and how to improve their compressive properties. The current and future usages of rigid‐rod polymers in various scientific, technical, and engineering areas also have been introduced. Many new rigid‐rod polymer materials, such as PPP, PPE, PPV, PTh, and other organometallic polymer systems are included.