The efficient and clean conversion of light alkanes is a research hotspot in the petrochemical industry, and the development of effective and eco-friendly non-noble metal-based catalysts is a key factor in this field. Among them, gallium is a metal component with good catalytic performance, which has been extensively used for light alkanes conversion. Herein, we critically summarize recent developments in the preparation of gallium-based catalysts and their applications in the catalytic conversion of light alkanes. First, we briefly describe the different routes of light alkane conversion. Following that, the remarkable preparation methods for gallium-based catalysts are discussed, with their state-of-the-art application in light alkane conversion. It should be noticed that the directional preparation of specific Ga species, strengthening metal-support interactions to anchor Ga species, and the application of new kinds of methods for Ga-based catalysts preparation are at the leading edge. Finally, the review provides some current limitations and future perspectives for the development of gallium-based catalysts. Recently, different kinds of Ga species were reported to be active in alkane conversion, and how to separate them with advanced in situ and ex situ characterizations is still a problem that needs to be solved. We believe that this review can provide base information for the preparation and application of Ga-based catalysts in the current stage. With these summarizations, this review can inspire new research directions of gallium-based catalysts in the catalysis conversion of light alkanes with ameliorated performances.