Smart protection of metallic materials is currently a hot topic in mitigation of corrosion of metallic structures, and promises reduction in both economic and environmental costs. Degradation of carbon-reinforced composite materials and CFRP-Metal joints is a serious issue in high-performance weight-optimized structures employed in the aeronautical and automobile industries. Since both carbon-reinforced composite materials and CFRP-Metal joints are ubiquitous in these critical industries, there is a need to develop strategies for smart protection of such complex multi-material systems. In this article, the current state of art/practice in protection of carbon-reinforced composite materials and CFRP-Metal joints is reviewed, the theoretical basis, intricacies and limitation of current practice (in protection of carbon-reinforced composite materials and CFRP-Metal joints) highlighted, distinction made between protection of materials and smart protection of materials, and the need for smart protection of carbon-reinforced composite materials and CFRP-Metal joints are emphasized. In addition, the background for smart protection of carbon-reinforced composite materials and CFRP-Metal joints is laid, and drawing from literature and results from our own research efforts perspectives on critical factors to be considered, and plausible strategies for smart protection of carbon-reinforced composite materials and CFRP-Metal joints is provided.