The exponential growth of popularity of multimedia has led needs for user-centric adaptive applications that manage multimedia content more effectively. Implicit analysis, which examines users' perceptual experience of multimedia by monitoring physiological or behavioral cues, has potential to satisfy such demands. Particularly, physiological signals categorized into cerebral physiological signals (electroencephalography, functional magnetic resonance imaging, and functional nearinfrared spectroscopy) and peripheral physiological signals (heart rate, respiration, skin temperature, etc.) have recently received attention along with notable development of wearable physiological sensors. In this paper, we review existing studies on physiological signal analysis exploring perceptual experience of multimedia. Furthermore, we discuss current trends and challenges.Index Terms-physiological signal, perceptual experience, implicit analysis, multimedia 1 Overviews of implicit measurement techniques using behavioral cues can be found in [6], [7].This is the author's version of an article that has been published in this journal. Changes were made to this version by the publisher prior to publication.The final version of record is available at http://dx.