As one of the important aviation equipment components, rolling bearings will bring hidden dangers to the safety of aviation equipment once they fail. In aviation equipment, the sensor is far away from the bearing, and the collected signal of the rolling bearing is relatively weak. In this paper, the deconvolution algorithm is used to compensate the transfer function, and the optimal resonance demodulation algorithm based on the improved multi-resolution singular value decomposition (MRSVD) is constructed to determine the resonance frequency band, and then the bearing fault state is determined by the normalized squared envelope spectrum. The analysis results of the rolling bearing seed fault experiment show that this algorithm can adaptively extract the periodic fault pulse components under strong noise; compared with the normal spectral analysis and fast spectral kurtosis methods, this algorithm can completely extract the bearing fault characteristic frequency components, and effectively improve the bearing fault diagnosis accuracy.