Aluminum plays an essential role as an excellent coating material in diversified applications due to its better corrosion resistance and physicochemical properties. Employing such a material as a coating on different metallic substrates such as carbon steel would benefit many industries such as the automotive, aviation, shipbuilding, construction, electronics etc. Amongst the various available coating techniques, electrodeposition of aluminum (Al) Al alloys have gained significant attention in the last 10 years as a metallic protection coating for various commercial substrates and has become the industry’s choice owing to being lightweight, corrosion-resistant, and cost-effective. This paper shall provide a detailed review covering electrochemical deposition of Al and Al alloys using ionic liquids with various cations, anions, and additives, and reports on progress in development thus far. It shall also cover the challenges in the electrodepositing aluminum, its alloys on light weight metal substrates viz., magnesium (Mg), commercial substrates such as low carbon steel, spring steel, and their pretreatments. The factors that play an important role in electroplating on an industrial scale, along with future challenges, are discussed.