1. A panoramic viewing system, including: a panoramic reflection mirror, formed in an elliptical conical status, and the conical surface thereof being defined as a curved surface used for reflecting an ambient light source; and an image sensor, disposed at one side of said panoramic reflection mirror and used for receiving a light source from said panoramic reflection mirror so as to generate an image data; wherein said panoramic reflection mirror allowing a panoramic image to be formed as a rectangular or non-circular area when said panoramic image being projected by said panoramic reflection mirror to said image sensor.