The invention belongs to the technical field of array signal processing, and provides an electromagnetic vector array parameter estimation method based on compressed sensing. Particularly, the method applies a compressed sensing theory to estimation of a direction of arrival angle and polarization parameters of the electromagnetic vector array. Firstly, modeling is carried out on output of two orthogonal electric dipoles of an electromagnetic vector sensor in x axis and y axis respectively; then, an autocorrelation matrix and a cross correlation matrix are used for constructing observation signals, the observation signals and an over-complete base matrix are used for reconstructing an incident signal matrix, and in the reconstructed matrix, the direction of arrival corresponding to a non-zero element is the solved direction of arrival angle; and finally, according to the relationship between elements of the reconstructed matrix, polarization parameter estimation is obtained through calculation. When the method of the invention is applied, signal acquisition and processing can be carried out at an extremely low rate, the data storage cost and the signal processing cost are greatly reduced, and parameter estimation in conditions of few snapshots and low signal-to-noise ratio has good performance.