Two-dimensional magnetic semiconductors provide a unique materials platform in which long-range magnetic order coexists with strongly bound excitons. Because excitonic states and magnetic moments originate from the same electronic orbitals and are coupled through intrinsic exchange interactions, optical excitations in these systems exhibit pronounced sensitivity to magnetic order. Recent experiments have revealed unusually strong magneto-optical responses, as well as direct coupling between excitons and magnons, establishing new routes for controlling light-matter interactions with spin degrees of freedom. This Review surveys key developments in the field, focusing on representative material systems, experimental signatures of exciton-magnetism coupling, and the theoretical frameworks used to describe these phenomena. We conclude with perspectives on how this rapidly evolving field could enable next-generation optoelectronic and quantum technologies leveraging the coupled dynamics of light, charge, and spin.
@article{arxiv.2602.10409,
title = {Excitons in van der Waals magnetic materials},
author = {Pratap Chandra Adak and Florian Dirnberger and Swagata Acharya and Akashdeep Kamra and Xiaodong Xu and Vinod M. Menon},
journal= {arXiv preprint arXiv:2602.10409},
year = {2026}
}