Peening forming (PF) utilizes a specific energy source to generate impact pressure and introduces non-uniformly distributed plastic strain along with the depth of the panel. It is a flexible and cold-working forming technology, which is suitable for producing large-scale panels with a complex shape. The process modeling method and the process planning method of PF were reviewed in this study. The development of the process model of PF was first introduced, and the significant advantages of the eigen-strain model utilized in PF simulation were discussed. The traditional process planning approaches were presented, and the reasons why they cannot meet the needs of modern industrial requirements were pointed out. The planning methods on the basis of the process model were reviewed, the problems and difficulties in the research results were analyzed, and feasible solutions were presented, trying to provide references for the research and engineering applications of the PF technologies in the future.