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Brake-by-wire (BBW) technology is crucial in driverless cars. The BBW technology, which has a faster reaction time and greater stability, can improve passenger safety in driverless cars. BBW technology refers to the removal of some complicated mechanical and hydraulic components from the traditional braking system in favor of using wires to transmit braking signals, which improves braking performance. Firstly, this paper summarized BBW’s development history as well as its structure, classification, and operating principles. Subsequently, various control strategies of the BBW system were analyzed, and the development trend and research status of the motor brake-control strategy and wheel-cylinder pressure-control strategy in the braking force-distribution strategy were analyzed respectively, and the brake fault-tolerance technology and regenerative-braking technology were also analyzed and summarized. Finally, this paper summarized the various technologies of BBW, taking the electromechanical brake (EMB) in the braking system as an example to discuss the current challenges and the way forward.