OFDM communication system and method based on companding

The invention provides an OFDM communication system and method based on companding. A bit stream input into a transmitting device forms OFDM signals after base band mapping and IFFT, and after companding and transformation are carried out on the OFDM signals, parallel-serial conversion is carried out on the OFDM signals and then the OFDM signals enter a power amplifier, and the amplified signals are mapped to a transmitting unit to be transmitted; a receiving device carries out serial-parallel conversion on received time-domain signals, the first time of FFT is carried out on the time-domain signals, the time-domain signals is transformed into frequency domain signals, channel information is obtained through channel estimation, channel equalization is carried out on the received frequency domain signals, the equalized signals are converted into a time domain through the IFFT, expanding transformation is carried out on the equalized signals, then the equalized signals are sent to an FFT module for demodulation and decoding, and finally the needed bit stream is obtained through the base band mapping. The OFDM communication system based on the companding can effectively solve the problem that constellation diagrams of a traditional companding OFDM communication system are scattered in a multipath channel, can effectively reduce an EVM value, and lowers the error rate.