This paper describes the recent development in the random finite set RFS paradigm in multi-target tracking. Over the last decade the Probability Hypothesis Density filter has become synonymous with the RFS approach. As result the PHD filter is often wrongly used as a performance benchmark for the RFS approach. Since there is a suite of RFS-based multi-target tracking algorithms, benchmarking tracking performance of the RFS approach by using the PHD filter, the cheapest of these, is misleading. Such benchmarking should be performed with more sophisticated RFS algorithms. In this paper we outline the high-performance RFS-based multi-target trackers such that the Generalized Labled Multi-Bernoulli filter, and a number of efficient approximations and discuss extensions and applications of these filters. Applications to space situational awareness are discussed.