360 degree around view monitoring system is the key technology of the advanced driver assistance system, which is used to assist the driver to clear the blind area, and has high application value. In this paper, we study the transformation relationship between multi coordinate system to generate panoramic image in the unified car coordinate system. Firstly, the panoramic image is divided into four regions. By using the parameters obtained by calibration, four fisheye images pixel corresponding to the four sub regions are mapped to the constructed panoramic image. On the basis of 2D around view monitoring system, 3D version is realized by reconstructing the projection surface. Then, we compare 2D around view scheme and 3D around view scheme in unified coordinate system, 3D around view scheme solves the shortcomings of the traditional 2D scheme, such as small visual field, prominent ground object deformation and so on. Finally, the image collected by a fisheye camera installed around the car body can be spliced into a 360 degree panoramic image. So it has very high application value.