Measurement of residual stress is significant to ensure safety, reliability and the life of composites, and currently has been a hot issue in scientific research. The fabrication processes such as machining, and heat treatment inherit either kind of residual stress which had either positive consequences or negative ones, for example, the fatigue limit of a component enhances by compressive stress, whereas corrosion resistance gets reduced by tensile stress. This study is aimed at a brief overview of the recent advancement in this field to help researchers in the in-depth study of measuring residual stress. It helps them in selecting the most appropriate techniques among destructive methods i.e., mainly Contour, ring core, deep hole-drilling method, and non-destructive techniques i.e., diffraction, ultrasonic method, depending on their requirements and applications. For each available technique, working methodology, physical limitations, and applications are discussed. At the end of this paper, future trends regarding an assessment of residual stress have been forecasted.