<p>Shape memory alloy hybrid composites (SMAHCs) synergize the shape memory effect and superelasticity of shape memory alloys (SMA) with the enhanced mechanical strength and stiffness of composite materials. This integration imparts self-healing capabilities and environmental adaptability to the material, significantly expanding its potential applications in aerospace, medical devices, and smart structures. This paper reviews the latest advancements in simulating SMAHCs performance, introduces constitutive models of SMA, and examines various performance simulation models and the application of finite element analysis in diverse simulation contexts. Finally, it identifies current research gaps and challenges, proposing future directions to enhance the accuracy of performance predictions under complex loading conditions and to promote the application of SMAHCs in high-performance structural design and smart material development.</p>