Due to the advantages of high bandwidth,low delay,and anti-interference ability,Underwater Optical Wireless Communication(UOWC)has become one of the important ways of underwater data transmission. The development history of UOWC is briefly described,and the research status of high-speed,long-distance and high-reliable UOWC systems based on high-performance optoelectronic devices and Digital Signal Processing (DSP)is summarized. The modulation technology can realize the tradeoff between data rate and transmission distance. Channel equalization technology can eliminate inter-symbol interference and increase the modulation bandwidth. Channel coding technology can correct the errors in the received signals. Diversity and multiplexing technology can improve the reliability and data rate of the system, respectively. In addition to studying high-performance optoelectronic devices,the employment of DSP technology can furtherly improve the system performance at the software level.