Aluminum matrix composites are key materials used in the preparation of lightweight structural parts. It has the advantages of low density, high specific strength, and high specific stiffness. Additionally, its friction and wear properties are important factors that determine the material’s suitability for use in a batch. Therefore, this paper systematically analyzes the current research on the friction and wear behavior of particle-reinforced aluminum matrix composites. It also discusses the effects of various internal factors, such as the microstructure characteristics of the matrix materials and the state of the reinforced particles, as well as external factors like wear pattern, applied load, sliding speed, thermal treatment, and temperature on the friction and wear properties of these composites. The applications of particle-reinforced aluminum matrix composites in the fields of transportation, aerospace, and electronics are summarized. In addition, this paper discusses the current research status and future development trends regarding the wear behavior of particle-reinforced aluminum matrix composites. Finally, this study aims to provide technical references for researching the friction and wear properties of particle-reinforced aluminum matrix composites. It is intended to benefit scientific researchers and engineering technicians and provide insights for the development of new composite materials in the future.