Perovskite solar cells (PSCs) have attracted tremendous interest because of their rapid improvement in power conversion efficiency (PCE) from the initial PCE of 3.8% for the first prototype to the certified PCE of 25.2% in 2019. However, the inherent chemical instability of organic–inorganic hybrid perovskite halides influenced by moisture, heat and ultraviolet light is still a critical issue for them to meet application-specific requirements owing to the weak-bonded organic components in the hybrid crystal structure. The use of all-inorganic perovskites CsPbI3−xBrx (x = 0, 1, 2, and 3) as light-harvesters by completely substituting organic species with inorganic Cs+ ions has been recently regarded as a promising solar conversion technology. Since the initial efficiency of 2.9% achieved in 2015, the highest PCE record for inorganic PSCs has risen to 18.4% through structure optimization, compositional engineering, interfacial engineering, solvent control and surface passivation, etc. This article is dedicated to providing an up-to-date review on the development of inorganic PSCs tailored by various inorganic perovskite materials with gradually changed optical properties and stability, as well as the film-making methods and interfacial engineering technologies. Their limited efficiencies in theory and recombination mechanisms are also predicted with a detailed balance model. Finally, we focused on the state-of-the-art strategies for enhancing the photovoltaic performance and identified new challenges and outlooks for future studies in this field.