The present invention relates to a roadside parking space detection device and a detection method thereof. The roadside parking space detection device is characterized in that the device includes a geomagnetism sensor, a radar sensor, a parking space detection processor and a power source management module. The detection method includes the following steps that: the geomagnetism sensor detects geomagnetic field signals on a parking space and transmits geomagnetic field change waveforms to the parking space detection processor; the parking space detection processor judges whether the geomagnetic field change waveforms are ideal waveforms, if the geomagnetic field change waveforms are the ideal waveforms, the parking space detection processor determines a parking condition on the parking space according to a geomagnetic detection mechanism; if the geomagnetic field change waveforms are not the ideal waveforms, a radar detection mechanism is started; and the parking space detection processor determines the parking condition on the parking space according to the detection result of the radar detection mechanism. With the roadside parking space detection device and the detection method thereof of the invention, the organic combination, mutual support and mutual dependence function of the geomagnetism sensor and the radar sensor are realized, and the problem of the inaccuracy of geomagnetic parking space detection in extreme cases can be solved, and the problem of too much power consumption of the radar sensor can be also solved.