The invention discloses a cascade and parallel piezoelectric composite material-based cylindrical transducer, which comprises a support with an underpan, an annular backing, an end cover and a plurality of wafers, wherein the wafers are cascade and parallel piezoelectric composite wafers, are uniformly arranged on the outer side of the annular backing along the periphery and are polarized along the radial direction of the ring; insulating washers are cushioned on and under a tubular sensitive element consisting of the backing and the wafers; the tubular sensitive element is sleeved and fastened on the underpan of the support; and the end cover is fixed at the upper end of the support and on the insulating washer on the sensitive element. The transducer adopts a multi-wafer annular array as the sensitive element, the vibration of the wafers adopts a thickness model, the working frequency is higher than the radial vibration frequency of a round tube, and the high-frequency sound wave emission can be realized; moreover, because the wafers are mode of the cascade and parallel composite material, the electro-mechanical coupling factor of the composite material is high, the frequency band thereof is broad, and the transducer has high sensitivity and broad working frequency band; therefore, the transducer has the characteristics of high frequency, high sensitivity, broad band and level omnidirection.