The objective of this paper is to summarize the relevant published research studies on the extraction of linear time-periodic (LTP) systems and their higher order linear time-invariant (LTI) reformulations from rotorcraft physics-based models and on the identification of LTP systems from rotorcraft experimental data. The paper begins with an introductory overview of LTP system theory. Next, the relevant methods for the extraction of LTP and high-order LTI systems from physics-based models are presented. The paper continues with an overview of LTP model identification methods, followed by a discussion on the application of these methods toward the identification of the rotor dynamics alone and the coupled rigid-body/rotor dynamics. Final remarks summarize the overall findings of the study and identify areas for future work including, but not limited to, the context of the Future Vertical Lift (FVL) program.