With constant research in the last decade, Object Detection has become one of the rapidly evolving sub-fields of Deep Learning. As a result, the complexity and applications of Object Detection models have grown, necessitating larger datasets and multi-format labelled annotations for training and testing. To aid with the annotation work, a variety of tools based on various technologies, techniques, and features have been developed. However, some of the tools only cater to specific standards, requirements and problem domain. Researchers have observed that a drop in the quality of labelled annotations can have unintended consequences for model performance. This study provides an overview of various annotation tools with the goal of assisting researchers in determining the appropriate tool for their needs. The work will also serve as a reference for developers as they work on subsequent features to improve or create new tools. © 2022 IEEE.