Nanowires and nanotubes are at the forefront of materials science and engineering. Owing to the unique structural one‐dimensionality and possible quantum confinement effects in two dimensions, nanowires and nanotubes exhibit many novel properties. They are considered to be critical building blocks for developing nanoscale devices. The synthesis and characterization of nanowires and nanotubes constitute an important part of the development of nanotechnology. Significant progress has been made in investigating their unique properties, especially mechanical, electronic, and optical properties. The general understanding of these materials serves as the foundation for advancing nanomanufacturing and nanodevices. This article introduces various types of nanowires and nanotubes, including their general synthesis, structure, characterization, physical and chemical properties, and their practical and potential applications.