The invention provides an imbalanced-Mach-Zehnder-based demodulation device for a multiplexing optical fiber interferometer. The device consists of a broadband light source, an optical circulator, an optical divider, a sensor array switching and transmitting optical fiber, an optical fiber sensor array, an imbalanced-Mach-Zehnder optical autocorrelator and an interference signal detecting unit inconnection, wherein the imbalanced-Mach-Zehnder interferometer forms an optical path correlator, narrow linewidth laser complexed in the correlator evaluates scanning amplitude and uniformity of the optical path, the optical path scanning error is compensated, and the measuring accuracy of the sensor is improved; the interference beating noise of the interferometer can be reduced, and multiplexing number of interferometers is improved; the optical autocorrelator demodulates signals of a multiplexing optical fiber sensor; and the unique optical path matching condition suppresses interference noise of secondary optical path matching. The device can be applied in the fields of real-time monitoring and measuring of multi-point stress or temperature and other physical quantities, monitoring oflarge-scale intelligent structures and the like.