Recent progress in the design and realization of optical antennas enclosing fluorescent materials has demonstrated large spontaneous-emission enhancements and, simultaneously, high radiation efficiencies. We discuss here that an important objective of such work is to increase spontaneous-emission rates to such a degree that light-emitting diodes (LEDs) can possess modulation speeds exceeding those of typical semiconductor lasers, which are usually in the range ∼20-50 GHz. We outline the underlying physics that enable large spontaneous-emission enhancements in metallic nanostructures, and we then discuss recent theoretical and experimentally promising results, where enhancements larger than a factor of ∼300 have been reported, with radiation efficiencies exceeding 50%. We provide key comparative advantages of these structures in comparison to conventional dielectric microcavity designs, namely the fact that the enhancement of spontaneous emission can be relatively nonresonant (i.e., broadband) and that the antenna nanostructures can be spectrally and structurally compatible for integration with a wide class of emitters, including organic dyes, diamond nanocrystals and colloidal quantum dots. Finally, we point out that physical insight into the underlying effects can be gained by analyzing these metallic nanostructures in their equivalent-circuit (or nano-antenna) model, showing that all main effects (including the Purcell factor) can adequately be described in that approach. ©2016 Optical Society of America.