Floquet engineering based on the strong light-matter interaction is expected to drive quantum materials into nonequilibrium states on an ultrafast timescale, thereby engineering their electronic structure and physical properties, and achieving novel physical effects which have no counterpart in equilibrium states. In recent years, Floquet engineering has attracted a lot of research interest, and there have been numerous rich theoretical predictions. In addition, important experimental research progress has also been made in several representative materials such as topological insulators, graphene, and black phosphorus. Herein, we briefly introduce the important theoretical and experimental progress in this field, and prospect the research future, experimental challenges, and development directions.