In 5G communication systems, accurate wireless channel parameter estimation is crucial for improving communication quality and system performance. This paper focuses on the design and implementation of a 5G wireless channel estimation component, and proposes an efficient and scalable channel estimation component that contains modules for configuration, operation and statistics. The component integrates advanced channel estimation algorithms and supports real-time estimation and analysis of multiple channel parameters. Efficient data processing and parameter estimation are achieved through modular design and flexible front-end and back-end architectures. Experimental results show that the designed component can accurately estimate channel parameters in different environments, which improves the stability and adaptability of the system.