In recent years, the development of multifunctional materials with multiphysics coupling effect has attracted great research interest. The coupling effect between magnetoelectric, electro-optical and magneto-optical has always been a hot spot in physics of condensed matter and the study of materials, and has numerous uses for magnetoelectric sensors and display devices. However, with the development of science and technology, the requirements for the performance of photoelectromagnetic materials are becoming higher and higher, people are no longer only satisfied with the effects of photoelectric, magnetoelectric and magneto-optical coupling, the development trend of device miniaturization, multi-function and high performance has encouraged more and more researchers to participate in the research of photoelectromagnetic coupling. Therefore, in recent years, excellent research results of photoelectromagnetic materials have emerged one after another, and the application research of Xiangxing is also in full swing. In this paper, various materials related to the photo-electrical-magnetic coupling effect in recent years are summarized, the challenge is analyzed, and the future development direction is prospected.