Global interest in hydrogen energy is increasing as an eco-friendly future energy that can replace fossil fuels. Accordingly, a next-generation hydrogen production technology using microorganisms, nuclear power, etc. is being developed, while a lot of time and effort are still required to overcome the cost of hydrogen production based on fossil fuels. As a way to minimize greenhouse gas emissions in the hydrocarbon-based hydrogen production process, methane direct decomposition technology has recently attracted attention. In order to improve the economic feasibility of the process, the simultaneous production of value-added carbon materials with hydrogen can be one of the most essential aspects. For that purpose, various studies on catalysis related to the quality and yield of high-value carbon materials such as carbon nanotubes (CNTs). In terms of process technology, a number of the research and development of fluidized-bed reactors capable of continuous production and improved gas-solid contact efficiency has been attempted. Recently, methane direct decomposition technology using a fluidized bed has been developed to the extent that it can produce 270 kg/day of hydrogen and 1000 kg/day of carbon. Plus, with the development of catalyst regeneration, separation and recirculation technologies, the process efficiency can be further improved. This review paper investigates the recent development of catalysts and fluidized bed reactor for methane direct pyrolysis to identify the key challenges and opportunities.