The radiation characteristics and economic efficiency of high - luminance light - emitting diodes (LEDs), a metal halide lamp, and a halogen lamp were studied to evaluate their potential as an energy-saving light source for fishing lamps. The wavelengths at which irradiance was maximum were 709, 613, 473, 501, 525, 465, 578, and 973 nm for red, orange, blue, peacock blue, green, and white LEDs, the metal halide lamp, and the halogen lamp, respectively. If the irradiance characteristics at 300-1,100 nm wavelengths are set as 100%, the irradiance rates at 381-780 nm were 99-78%, 82%, and 24% for the LEDs, metal halide lamp, and halogen lamp, respectively. The economic efficiency was superior in the order metal halide lamp, halogen lamp, peacock blue LED, and blue LED at 381-780 nm and metal halide lamp, peacock blue LED, blue LED, and halogen lamp at 480-520 nm. Based on the radiation characteristics and economic efficiency evaluated at 480-520 nm, the blue and peacock blue LED light sources can be used as energy-saving light sources for fishing lamps.