The invention relates to a system and method for cooperative target positioning of multiple unmanned aerial vehicles. The system consists of three sets of same equipment, wherein each set of equipmentcomprises an unmanned aerial vehicle, a load-carrying cloud platform, a main control module, an airborne GPS, a data transmission sky end, a laser range finder, a camera, a data transmission ground end and a ground station, wherein the load-carrying cloud platform, the main control module, the airborne GPS and the data transmission sky end are fixedly connected to the unmanned aerial vehicle; themain control module is respectively connected with the camera, the laser range finder, the airborne GPS and the data transmission sky end through signal transmission lines, a yaw driving module and apitch driving module which are connected with the main control module are arranged on the load-carrying cloud platform, and the main control module respectively drives the camera to do yaw motion andpitch motion by controlling the yaw driving module and the pitch driving module on the load-carrying cloud platform; and the data transmission ground end is connected with the ground station throughthe signal transmission line. The target positioning precision can be improved under the condition that the measurement error of the attitude angle of the unmanned aerial vehicle is large.