Two‐Dimensional Topological Insulators: Promises, Challenges, and Future Perspectives

The quantum spin Hall (QSH) effect represents a prototypical 2D topological phase in which time-reversal symmetry protects dissipationless, spin-polarized helical edge states coexisting with an insulating bulk. Owing to its magnetic-field-free operation, intrinsic spin-momentum locking, and electrically tunable topology, the QSH state has long been regarded as a promising platform for ultra-low-power, ultra-fast electronics, spintronics, and topological quantum computation. Despite this compelling vision, experimental realizations of QSH-based functionalities remain confined to a limited number of material systems and device geometries, typically operating at cryogenic temperatures and over restricted length scales. In this Perspective, we critically reassess the field by synthesizing the central promises of the QSH effect and analyzing the intrinsic material limitations and extrinsic functional bottlenecks that have hindered its technological translation. We argue that future progress will depend not only on the discovery of novel QSH materials but also on the engineering of topological functionality through large-gap systems, chemically robust platforms, and interaction- or proximity-induced phases. Viewed from this perspective, the QSH effect emerges not as a stalled technology, but as a foundational framework for designing next-generation electronic, spintronic, and quantum devices.