AbstractPhase‐based light detection and ranging (LiDAR) technology is emerging in the fields of industrial mapping, autonomous driving, and robotics, but the traditional phase‐based ranging technology generally suffers from the problem that the ranging accuracy is inversely proportional to the measurement range under a single measurement frequency, the system structure is complicated, and the performance is unstable, and so forth. In this article, a new type of LiDAR system design based on phase ranging is proposed. The system adopts a 100 + 1 MHz double measuring ruler modulation light source, uses the laser to control the phase difference detection method of the same frequency reference, optimizes the structure of the transceiver optical system, and the design of AD8302 high‐resolution signal phase discriminator circuit, builds a high‐precision laser ranging system, and carries out the experiments on the measurement accuracy of the LiDAR ranging system. The experimental results show that the measurement accuracy of the system is millimeter level, which is simple, practical, and can meet the needs of a wide range of practical applications. This study provides a feasible and innovative solution for LiDAR technology in high‐precision distance measurement.