In order to process and analyze the signal of frequency modulated continuous wave (FMCW) radar, a radar semi-physical simulation(RSPS) system based on STM32F103VE6 chip is designed in this paper. By designing the hardware and software of system, the RSPS system can process the radar signal, detect the target, verify the data process algorithm and display the result on TFT-LCD screen. In addition, the collected data can be uploaded to PC by RS-232 interfaces which improves the reliability, stability and practicability of system. The waveform and spectrum maps are utilized to show the feasibility of RSPS system in analysing FMCW radar signal. Experimental results show that this system has many advantages, such as multifunction, low power consumption and low cost.