LED (light emitting diode) is a semiconductor device that emits light when electricity is passed through it. It has several advantages over traditional light sources like incandescent bulbs - it is more durable, energy efficient, and long-lasting. The document traces the early history of LED development from the 1960s to recent widespread adoption in indoor and outdoor lighting applications. Key benefits highlighted include energy savings, lack of heat/UV/IR emission, long life, durability and recyclability. Common uses discussed are in signage, video displays, indoor/outdoor lighting, and future potential applications.