One of the systematic attempts for technological forecasting is Delphi Method that externalizes and manipulates unformalized experts opinion in a particular problem or subject. It has, however, a critical shortcoming that it can not reflect the degree of interaction that exists among forecast events or subject. Gordon and Hayward(1969) criticize that when the forecast events are strongly interrelated, a totally unrealistic consensus may result. They proposed a new forecasting method that considers the interaction of events, that is, Cross Impact Analysis (CIA). A number of related models have been developed after them. In this study, we examine a variety of research results related to CIA obtained by literature survey and propose the limitation and future research direction. This analysis would be expected to help us to create a strategic scenario on future technology development at the government and firm level.