| Summary: | Abstract The interaction between ultrafast lasers and magnetic materials is an appealing topic. It not only involves interesting fundamental questions that remain inconclusive and hence need further investigation, but also has the potential to revolutionize data storage technologies because such an opto-magnetic interaction provides an ultrafast and energy-efficient means to control magnetization. Fruitful progress has been made in this area over the past quarter century. In this paper, we review the state-of-the-art experimental and theoretical studies on magnetization dynamics and switching in ferromagnetic materials that are induced by ultrafast lasers. We start by describing the physical mechanisms of ultrafast demagnetization based on different experimental observations and theoretical methods. Both the spin-flip scattering theory and the superdiffusive spin transport model will be discussed in detail. Then, we will discuss laser-induced torques and resultant magnetization dynamics in ferromagnetic materials. Recent developments of all-optical switching (AOS) of ferromagnetic materials towards ultrafast magnetic storage and memory will also be reviewed, followed by the perspectives on the challenges and future directions in this emerging area.
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