A GBAS integrity risk allocation system based on key satellites is used to perform a GBAS integrity risk allocation method, including: reading data from an ephemeris at a certain time, and determining numbers of key satellites, key satellite pairs and key satellite groups at a certain time; under H2 hypothesis, allocating the integrity risks by using the fault probability of satellites in key satellite pairs or key satellite groups, where the integrity risks allocated by using the fault probability of satellites in key satellite pairs or key satellite groups include integrity risks caused by dual-receiver fault and integrity risks caused by ranging source fault; under H0 and H1 hypotheses, allocating the integrity risks by using the fault probability of non-key satellites; making an integrity allocation table according to the integrity risk allocation under the H0, H1 and H2 hypotheses.