To improve the agility, dynamics, composability, reusability, and development efficiency restricted by monolithic Federation Object Model (FOM), a modular FOM was proposed by High Level Architecture (HLA) Evolved product development group. This paper reviews the state-of-the-art of HLA Evolved modular FOM. In particular, related concepts, the overall impact on HLA standards, extension principles, and merging processes are discussed. Also permitted and restricted combinations, and merging rules are provided, and the influence on HLA interface specification is given. The comparison between modular FOM and Base Object Model (BOM) is performed to illustrate the importance of their combination. The applications of modular FOM are summarized. Finally, the significance to facilitate composable simulation both in academia and practice is presented and future directions are pointed out.