The missile-borne telemetry equipment is an important parameter measurement equipment in the missile development stage, small and medium-sized missiles usually have a relatively small space for telemetry equipment. A certain domestic small missile telemetry equipment index puts forward the requirement of 10 Mbps bit rate, which can support infrared image transmission and support the online programming of the channel table. The design scheme of traditional telemetry products cannot solve the prominent contradiction between the small size and full functions of telemetry equipment. Utilize the design idea of software radio, adopting AD9361 and FPGA hardware architecture, using software online programmable technology, GMSK advanced modulation technology, FPGA-based JPEG2000 image compression technology, symmetrical shaped antenna technology to achieve a high integration, good reliability, general economy advanced missile-borne image telemetry equipment. Tests show that the missile-borne telemetry equipment simplifies the complex hardware design in the past, effectively reduce the size, weight and power consumption of missile-borne telemetry equipment, the high level of integration improves the reliability of products, and has the ability to reconfigure, which improves the versatility and test efficiency of missile-borne telemetry equipment, which is conducive to reducing research and development costs.