Microalgae have been considered as a promising microorganism in the field of bio-industry due to their abilities to fix carbon dioxide as well as biosynthesize valuable secondary metabolites. Of many lighting sources for microalgal cultivation, LED (Lighting Emitting Diode) has been emerged as the appropriate choice with multiple advantages over the conventional bulbs. However, it is only in recent years that we have witnessed the possibility of application of LED into microalgae cultivation system. LED will serve as an evolutionary lighting source for microalgae cultivation system and open the frontier for integrative bio-industries. In this paper, we present the comprehensive review on the recent trends of LED applications into microalgal biotechnology.