Liquid crystal-based reflective polarization volume grating (PVG), also known as a linear Bragg–Berry phase optical element or a member of volume Bragg gratings (VBGs), is a functional planar structure with patterned orientation of optical axis. Due to the strong polarization selectivity, nearly 100% diffraction efficiency, large diffraction angle, and simple fabrication process, PVGs have found potential applications in novel photonic devices and emerging near-eye displays. In this review paper, we describe the operation principles, discuss the optical properties, present the fabrication methods, and provide promising applications of PVGs for near-eye displays and novel photonic devices.