Photoinduced reversible deactivation radical polymerization (photo-RDRP) or photoinduced controlled/living radical polymerization has emerged as a versatile and powerful technique for preparing functional and advanced polymer materials under mild conditions by harnessing light energy. While UV and visible light (λ= 400-700nm) are extensively employed in photo-RDRP, the utilization of near-infrared (NIR) wavelengths (λ= 700-2500nm) beyond the visible region remains relatively unexplored. NIR light possesses unique properties, including enhanced light penetration, reduced light scattering, and low biomolecule absorption, thereby providing opportunities for applying photo-RDRP in the fields of manufacturing and medicine. This comprehensive review categorizes all known NIR light-induced RDRP (NIR-RDRP) systems into four mechanism-based types: mediation by upconversion nanoparticles, mediation by photocatalysts, photothermal conversion, and two-photon absorption. The distinct photoinitiation pathways associated with each mechanism are discussed. Furthermore, this review highlights the diverse applications of NIR-RDRP reported to date, including 3D printing, polymer brush fabrication, drug delivery, nanoparticle synthesis, and hydrogel formation. By presenting these applications, the review underscores the exceptional capabilities of NIR-RDRP and offers guidance for developing high-performance and versatile photopolymerization systems. Exploiting the unique properties of NIR light unlocks new opportunities for synthesizing functional and advanced polymer materials.