Well-defined fluoropolymers exhibit unique properties such as excellent oil and water repellency, satisfactory thermal stability, a low refractive index, and low surface energy. The origin of these properties is attributed to the presence of a strong electronegative and low polarizable fluorine atom in the backbone of such polymers, which leads to a strong C–F bond (with a high bond dissociation energy of 485 kJ mol–1). Because of these features, these polymers have found applications as functional coatings, thermoplastics, biomedical items, separators, and binders for Li ion batteries, fuel cell membranes, piezoelectric devices, high-quality wires and cables, and so forth. Usually, fluoropolymers are synthesized by the conventional radical (co)polymerization of fluoroalkenes, which leads to the production of (co)polymers with an ill-defined end group, uncontrolled molar mass, and high dispersity values. In the last two decades, significant developments of various reversible deactivation radical polymerization (RDRP) techniques have helped the design of macromolecular architectures (including block, graft, star, and dendrimers) on demand. However, for relevant new applications, well-defined fluoropolymers with controlled macromolecular architectures (e.g., block copolymers as thermoplastic elastomers and electroactive polymers or graft copolymers for fuel cell membranes) are required. Several RDRP methods, developed in the last two decades, have paved the way for the synthesis of (co)polymers with well-defined molar mass, dispersity, chain end-functionality, and macromolecular architectures. Some of these RDRP techniques have been successfully employed for the synthesis of well-defined fluorinated copolymers. These techniques include iodine-transfer polymerization (ITP), reversible addition–fragmentation chain-transfer (RAFT) polymerization, organometallic-mediated radical polymerization (OMRP), and, to a lesser extent, nitroxide-mediated polymerization (NMP). Impressive control of the molar mass parameters of the fluoropolymers synthesized via these techniques also encouraged the researchers to combine these techniques with other postpolymerization strategies, leading to innovative novel polymeric materials. Thus, synthesized well-defined fluoropolymers exhibited a unique combination of properties (such as excellent weather resistance, high thermal/chemical/aging resistance, morphological versatility, and a low dielectric constant/flammability/refractive index). These led to the application of such developed materials in various high-technology applications such as high-performance elastomers, coatings for marine antifouling applications, fluorinated surfactants, fuel cell membranes, and gel polymer electrolytes for Li ion batteries. Newer advances in the field of polymer synthesis techniques are the need of the hour in order to synthesize more advanced fluorinated materials which may change the use of such polymers in engineering and biomedical fields in the current century. However, it should be kept in mind that success in this regard shall heavily depend on a deeper understanding of the polymerization process and structure–activity relationships.