Owing to the faster response time, wider viewing angle and thinner thickness of organic light emitting diodes (OLEDs) than the conventional displays, the development of high‐efficiency light‐emitting materials has become the focus of attention. In recent years, the TADF materials have aroused widespread attention and experienced rapid development as an emitter in OLEDs, since the maximum internal quantum efficiency can reach 100% theoretically. TADF materials have exhibited the potential to be a low‐cost alternative to expensive phosphorescent luminophors. Whereas, the high resolution displays must endow the characteristics of stable and efficient panchromatic emission. The chemical structure of TADF materials are generally composed of electrical donor and acceptor, the emission colors and efficiency can be adjusted by the charge transfer between them. In this paper, TADF emitters with different emission colors are reviewed, accompanied with the investigation on their molecular design strategies and photophysical properties. In addition, the development direction and application of TADF materials are prospected.