Long period fiber gratings produced by the electric arc technique have found an increasing interest by the scientific community due to their ease to fabricate, virtually enabling the inscription in any kind of fiber, low cost, and flexibility. In 2005 we have presented the first review on this subject. Since then, important achievements have been reached such as the identification of the mechanisms responsible for gratings formation, the type of symmetry, the conditions to increase fabrication reproducibility, and their inscription in the turning points with grating periods below 200 μm. Several interesting applications in the sensing area, including those sensors working in reflection, have been demonstrated and others are expected, namely, related to the monitoring of extreme temperatures, cryogenic and high temperatures, and high sensitivity refractometric sensors resulting from combining arc-induced gratings in the turning points and the deposition of thin films in the transition region. Therefore, due to its pertinence, in this paper we review the main achievements obtained concerning arc-induced long period fiber gratings, with special focus on the past ten years.