Pulsed solid‐state lasers comprise 2D materials as saturable absorbers that contain transparent windows of the atmosphere and characteristic fingerprint spectra of several vital molecules that are significant in various applications and research. Over the past few decades, significant progress has been made in the development of narrow pulse width, high energy, high average output power, high efficiency, and simple construction of passively Q‐switched and mode‐locked lasers with 2D materials as saturable absorbers. This review summarizes the development of 2D materials, including graphene, transition metal dichalcogenides, black phosphorus, topological insulators, and MXenes, as modulator devices for solid‐state lasers owing to their broadband operation, excellent nonlinear optical response, low recovery time, ultrafast dynamic processing, and easy fabrication. Then, some new emerging and representative applications of pulsed solid‐state lasers are introduced and illustrated such as laser surgery, material processing, and lidar. Finally, future challenges and perspectives of pulsed solid‐state lasers with 2D materials‐based saturable absorbers are analyzed and addressed. The rapid development of pulsed solid‐state lasers with the continuous improvement of modulation technology is expected to expand opportunities for application in industry, scientific, medical, and other areas.