The invention discloses an obstacle feature extraction method based on a millimeter wave radar and a laser radar. The method includes the following steps that: step 1, radar raw data are acquired; step 2, the radar original data are solved according to a radar protocol, so that obstacle position information can be obtained; step 3, the solved millimeter wave radar data are screened; step 4, time and space synchronization is performed on the millimeter wave radar and the laser radar; step 5, regions of interest (ROI) are established in a laser radar coordinate system according to millimeter wave radar information and are denoted as Ri, wherein i is equal to 1, 2, ... n, wherein n is the number of the effective targets of the millimeter wave radar; step 6, the point cloud data of the i-th ROI are processed according to a scattered point cloud data simplification processing method; and step 7, a two-dimensional image is generated on the basis of the point cloud data, edge detection is performed on the image, and obstacle features are extracted. With the method adopted, obstacle edge information can be obtained, and therefore, more references can be provided for a driverless decision-making layer.