Improving the performance of upconversion systems based on triplet–triplet annihilation (TTA-UC) can have far-reaching implications for various fields, including solar devices, nano-bioimaging, and nanotherapy. This review focuses on the use of localized surface plasmon (LSP) resonance of metal nanostructures to enhance the performance of TTA-UC systems and explores their potential applications. After introducing the basic driving mechanism of TTA-UC and typical sensitizers used in these systems, we discuss recent studies that have utilized new sensitizers with distinct characteristics. Furthermore, we confirm that the enhancement in upconverted emission can be explained, at least in part, by the mechanism of “metal-enhanced fluorescence”, which is attributed to LSP resonance-induced fluorescence enhancement. Next, we describe selected experiments that demonstrate the enhancement in upconverted emission in plasmonic TTA-UC systems, as well as the emerging trends in their application. We present specific examples of studies in which the enhancement in upconverted emission has significantly improved the performance of photocatalysts under both sunlight and indoor lighting. Additionally, we discuss the potential for future developments in plasmonic TTA-UC systems.