Nanomaterial properties such as size, structure, and composition can be controlled by manipulating radiation, such as gamma rays, X-rays, and electron beams. This control allows scientists to create materials with desired properties that can be used in a wide range of applications, from electronics to medicine. This use of radiation for nanotechnology is revolutionizing the way we design and manufacture materials. Additionally, radiation-induced nanomaterials are more cost-effective and energy-efficient. This technology is also having a positive impact on the environment, as materials are being produced with fewer emissions, less energy, and less waste. This cutting-edge technology is opening up new possibilities and has become an attractive option for many industries, from medical advancements to energy storage. It is also helping to make the world a better place by reducing our carbon footprint and preserving natural resources. This review aims to meticulously point out the synthesis approach and highlights significant progress in generating radiation-induced nanomaterials with tunable and complex morphologies. This comprehensive review article is essential for researchers to design innovative materials for advancements in health care, electronics, energy storage, and environmental remediation.