Induced transparency, an interference effect due to mode coupling, has attracted significant research interest. The first discovered and most striking type of induced transparency plays electromagnetically induced transparency (EIT) in atomic systems. Optical cavities serve as a more ideal and feasible platform for realizing the effects of induced transparency, which leads to considerable demonstrations in theory and experiments. This review provides a run‐through of research findings on different types of induced transparency phenomenon, including, inter alia, EIT, optomechanically induced transparency, plasmon‐induced transparency, Brillouin scattering induced transparency, optically induced transparency, photothermally induced transparency, and dipole‐induced transparency. Their mechanisms, developments, techniques, and applications are discussed in detail. Most importantly, the emerging area of induced transparency at exceptional points is analyzed for its great promise. The last section presents a brief summary and perspective of induced transparency with optical cavities.