Abstract This investigation provides a comprehensive literature review pertaining to heliostat components and controls as part of the U.S. Department of Energy (DOE), Heliostat Consortium (Heliocon) program. This work presents a detailed assessment of subcomponents, controls and wireless communications elements that comprise various designs of helisotats within concentrating solar power (CSP) installations. Additionally, this work also provides the results of an industry survey, intended to compliment the literature discussion, to provide a gap analysis of the primary technology and cost areas that need to be addressed to help improved to spur CSP bankability. Although the results of the study determined several key areas for development, three strategic areas identified were: 1. The use of advanced composite materials to replace a need for expensive steel within the structure and mirror substrate, 2. Employment of closed-loop controls for automated calibration, reduction of commissioning time and O&M hours, reduction of drive requirements, as well as overall cost reduction, and 3. The need for more Heliostat-centric codes and standards to facilitate engineering confidence in the development of new features, cost reductions, or other design iterations to be seamlessly introduced without optical performance problems.