The invention relates to an analog high-definition video transmission system. Mainly, a digital signal is embedded into an analog high-definition system, and line/field blanks and idle time/frequency spaces, which are not used by the analog high-definition system, are utilized to carry out transmission, and thus, downward compatibility can be achieved. Meanwhile, by using a digital channel estimation technology, an amplitude-frequency and phase-frequency response of a coaxial cable/twisted-pair channel can be accurately estimated, and thus, compared with the prior art of estimating a channel response only according to measurement on amplitude-frequency responses of a small number of frequency points of the channel, channel estimation accuracy of the analog high-definition video transmission system provided by the invention is obviously improved, so that adaptability to different channels and particularly poor cables is promoted.