The invention discloses a missile-borne SAR imaging real-time signal processing system. The system includes an A / D acquisition module, an FPGA (field programmable gate array) main control module, a DSP (digital signal processor) imaging module, a DSP tracking module, an upper computer interface module, and a servo interface module. The A / D acquisition module carries out an analog to digital conversion of radar echo; the FPGA main control module is used for data preprocessing, and for controlling and coordinating work of other modules; the DSP imaging module is used for receiving preprocessed data, carrying out imaging processing of the preprocessed data, and sending a process result to the FPGA main control module; the DSP tracking module is used for receiving the preprocessed data, carrying out an angle measurement tracking process, and sending a process result to the FPGA main control module; the upper computer module is used an internal system debugging of a laboratory; the servo interface module is used for sending missile body status information to the FPGA module and receiving a control command from the FPGA module at the same time, so as to control the missile body. The system of the invention has advantages of a small size, low power consumption, high reliability, and excellent function and the like, and is especially suitable for the high speed aircraft guidance field and other fields.