Photonic crystals (PCs) that include magnetic constituent materials or even just a magnetic flaw display highly distinctive optical and magneto-optical capabilities. In present review article, we examined the research on photonic crystals (PCs), also known as photonic band gap materials, which are 1D, 2D and 3D superstructures with periods that are comparable to the wavelengths of electromagnetic radiation of magnetic constituents. The inclusion of magnetically arranged components is the fundamental attribute of this new type of PCs with external magnetic field. Further, we discussed with details about theoretical, simulation, and experimental developments in magneto-photonic crystals research. After that, we reviewed how photonic crystals came to exist with historical development in the field of ferrite photonic crystals.