The riveting of large panels in aircraft manufacturing requires an automatic drilling and riveting machine capable of precise and stable operation. However, the significant nonlinearity and time-varying nature of riveting process forces severely impact the control capacity and operational accuracy of these machines. So, the objective is to provide technical assurance for the precise operation of the machine and ensure high-quality riveting of the panels. Therefore, a real-time modeling method for the automatic riveting process forces on aircraft panels is proposed, which focuses on the rivet die's downward compression displacement as the core variable and accounts for the non-uniform deformation of rivets. This method assumes a constant volume for the rivet rod. It combines power-law hardening and Coulomb's friction theories to establish three sub-models for different riveting stages: the elastic stage, the plastic deformation stage, and the driven head formation stage. Further, considering the continuity of rivet's deformation, rivet rod's cross-section stress, and the driven head dimensions changes with the driven head's downward compression displacement, a novel real-time continuous dynamic load model for the full compression riveting process of a single-rivet is developed. The results indicate that the model is effective, with a maximum deviation of 7.50 % between experimental and predicted values, demonstrating its accuracy and reliability. In conclusion, this research provides a real-time, continuous description of the riveting process force, enabling automatic machines to promptly detect defects and deformations in the riveting.