Pass-by noise generated by high-speed trains is an important influencing factor on the surrounding environment and is getting more and more attention with the increase of speed. In the past, the aerodynamic pass-by noise prediction was usually conducted with the wind tunnel mode, ignoring the Doppler effect. In this paper, an equivalent source method considering the Doppler effect is proposed to study the aerodynamic pass-by noise. A cylinder case is considered first to verify the effectiveness of the method. Then a DSA 380 pantograph of a Chinese high-speed train is considered. The pantograph is divided into three parts, and each part is equivalent to a monopole or dipole sound source. Results show that the upper part of the pantograph is closer to a dipole source, while the middle and lower parts are closer to a monopole source. When the measurement point is directly above the pantogragh, the contribution of the upper part is the largest, while for both sides measurement points of the pantograph, the contribution of the upper part is the smallest.