Spectral Modulation Polarization Measurement technology (SMPM) is a new type of polarization modulation technology, with an achromatic /4 retarder, a multiple-order retarder and a polarizer the polarization information of incident light can be encoded into the spectral dimension, sinusoidal which amplitude scales with the degree of the linear polarization and phase scales with the angle of the linear polarization can be acquired directly. With a dedicated algorithm for the modulated spectrum, we can get degree and angle of the linear polarization, spectral information and radiation information of the target. This paper expounds the basic principle of SMPM and concrete implementation scheme is proposed. Demodulation algorithm is designed before experimental platform are set up. Experiment which verified the correctness on the SMPM has carried on. The experimental results show the correctness and feasibility of SMPM. Compared with traditional polarization modulate techniques no moving parts and electronic components are including in this scheme. It’s also has the advantages of compact and low mass. We can get all the polarization information through one single measurement rather than get Stokes parameters for further calculations. This study provides a new kind of technological approaches for the development of new space polarization detecting sensor.