The present paper includes recent research works on the estimation of physical properties like equivalence ratio and heat release rate of flame through chemiluminescence measurement. Modern combustion devices require a precise control to increase combustion stability as well as to suppress pollutant emissions. The determination of combustion characteristics from chemiluminescence provides practical advantages over other techniques. However, the technique is dependent on equivalence ratio, combustion pressure, inlet temperature, turbulent intensity and fuel type. The intensity ratio of $OH^*$ and $CH^*$ has a strong relation with an equivalence ratio for methane/air premixed flames. The global measurement of chemiluminescence is accepted as a good indicator for a global heat release rate.