The invention relates to the field of fiber bragg grating signal demodulation, and in particular, relates to a high-precision fiber bragg grating signal demodulation system which comprises a pulse driving source, a laser, a circulator, a fiber bragg grating sensor, an adjustable attenuator, a single-photon detector, a time-to-digital converter and an information processor. The fiber bragg gratingsignal demodulation method comprises the following steps that: step 1, a laser device emits lasers with different wavelengths, and the lasers reach the fiber bragg grating sensor through the circulator and are reflected to the single-photon detector; step 2, the time-to-digital converter measures a single-photon counting value reaching the single-photon detector; step 3, the information processorobtains a measurement signal according to the single photon counting value measured by the time-to-digital converter, and the measurement signal change amount of the two reflected pulse light reachingthe single photon detector can be obtained according to the measurement signal; and step 4, the drift amount of the reflection center wavelength of the fiber bragg grating is demodulated according tothe change amount of the measurement signal. The problem that in an existing detection mode, the physical quantity of the fiber grating sensor cannot be accurately measured is solved.