AbstractAutomatic emotion recognition is a burgeoning field of research and has its roots in psychology and cognitive science. This article comprehensively reviews multimodal emotion recognition, covering various aspects such as emotion theories, discrete and dimensional models, emotional response systems, datasets, and current trends. This article reviewed 179 multimodal emotion recognition literature papers from 2017 to 2023 to reflect on the current trends in multimodal affective computing. This article covers various modalities used in emotion recognition based on the emotional response system under four categories: subjective experience comprising text and self‐report; peripheral physiology comprising electrodermal, cardiovascular, facial muscle, and respiration activity; central physiology comprising EEG, neuroimaging, and EOG; behavior comprising facial, vocal, whole‐body behavior, and observer ratings. This review summarizes the measures and behavior of each modality under various emotional states. This article provides an extensive list of multimodal datasets and their unique characteristics. The recent advances in multimodal emotion recognition are grouped based on the research focus areas such as emotion elicitation strategy, data collection and handling, the impact of culture and modality on multimodal emotion recognition systems, feature extraction, feature selection, alignment of signals across the modalities, and fusion strategies. The recent multimodal fusion strategies are detailed in this article, as extracting shared representations of different modalities, removing redundant features from different modalities, and learning critical features from each modality are crucial for multimodal emotion recognition. This article summarizes the strengths and weaknesses of multimodal emotion recognition based on the review outcome, along with challenges and future work in multimodal emotion recognition. This article aims to serve as a lucid introduction, covering all aspects of multimodal emotion recognition for novices.This article is categorized under: Fundamental Concepts of Data and Knowledge > Human Centricity and User Interaction Technologies > Cognitive Computing Technologies > Artificial Intelligence