The growing demand for energy-efficient materials needs advancement in existing approaches. Photon upconversion is an effective way to overcome this issue. Novel upconverting materials show their potential in the advancement of energy conservation and lighting technology. In this contest, lanthanide-activated inorganic luminescent materials play a key role. The unique features of these materials like non-toxic nature, narrow multicolour emissions, long luminescence lifetime, high signal/noise ratio, and good chemical durability make them more promising. In this chapter, an overview of photon upconversion process in various lanthanide doped/codoped materials is given. Introductory idea about upconversion mechanism, criteria of material selection, novel synthesis roots, reports on upconversion-emitting materials, and emergent applications of these materials are presented.