The positioning system is crucial in operating, controlling and monitoring maglev trains. This study proposes a maglev train positioning technology based on weak Fiber Bragg Grating (wFBG) sensing array time division multiplexing (TDM). The onboard Halbach permanent magnet array generates a traveling wave magnetic field that follows the train movement. The wFBG magnetic sensor array fixed on the track senses the magnetic field changes which cause periodical variation in sensors’ center wavelength. The relative position of the onboard Halbach array and the sensors on the track can be determined with the changes in center wavelength. Therefore, train positioning can be achieved. A rotating motor equipped with a circumferentially arranged magnet array is utilized for simulation experiment to verify the frequency response characteristics of the magnetic sensor. The result is that the operating frequency range of the sensor is at most 160 Hz so the sensor can be applied to positioning under the theoretical speed of 23 km/h. A small-scale experiment containing nine sensors is also conducted, which achieves relative positioning accuracy of 20 mm and absolute positioning accuracy of 540 mm, demonstrating the feasibility of the positioning technology. This study introduces the FBG TDM technology into maglev train positioning and provides new ideas about maglev train positioning.