LED stands for Light Emitting Diode, and is seen as the light system of today and the future.
LEDs can be seen as the successors of light bulbs. Light bulbs have the disadvantage that after some time the filament burns out. This is different with LEDs, because they do not use a filament.
LEDs convert the power directly into light. This way, less power is consumed. The wire must glow first with a normal lamp. Another advantage is the much longer lifetime of LEDs. An LED can burn for more than ten years without breaking down.
The advantages of LEDs:
Disadvantages (especially for ‘older’ LEDs):