The invention relates to an automatic train protection system and method based on image identification and multi-perception fusion. The automatic train protection system comprises an image collection unit (1), an image processing unit (2), a multi-perception fusion processing unit (3), an auxiliary perception unit (4) and an early warning result output unit (5), wherein the image collection unit (1), the image processing unit (2), the multi-perception fusion processing unit (3) and the early warning result output unit (5) are connected in sequence; the auxiliary perception unit (4) is connected with the multi-perception fusion processing unit (3). Compared with the prior art, the automatic train protection system and method based on image identification and multi-perception fusion can be adapted to complex conditions appearing in urban mass transit operation lines, the safe protection of a train is automatically realized according to the practical condition of a line, and the operation safety of urban mass tr