The invention relates to a lithium niobate electrooptical modulator, in particular to a low half-wave voltage lithium niobate electrooptical modulator, and belongs to the technical field of lithium niobate electrooptical modulators. According to the lithium niobate electrooptical modulator, a travelling wave electrode and a direct current bias electrode are combined into one, it is achieved that only direct current voltage is loaded on a central electrode of the travelling wave electrode through a capacitor of a match circuit, and carrying out direct current modulation is ensured. In addition,an access high frequency property of the capacitor is utilized, microwave propagation is not influenced, and high speed modulation of the modulator is ensured. The device integration is improved, andunder the circumstances of not changing length of a chip and whole size of the modulator, the electrode length of the chip is greatly increased, therefore direct current half-wave voltage and microwave half-wave voltage of the modulator are greatly reduced.