The applications of sensors in the aerospace industry are mostly concentrated in the middle and high frequencies, and low-frequency sensors often face the problems of low power and short working bandwidth. A lightweight, thin, high-power, low-frequency broadband transducer based on giant magnetostrictive material is designed. The design and optimization processes of the core components are introduced and analyzed emphatically. The finite element simulation results are validated by the PSV-100 laser vibration meter. Three basic configurations of the work panel are proposed, and the optimal configuration is determined by modal, acoustic, and vibration coupling analyses. Compared with the original configuration, it is found that the lowest resonant frequency of the optimal configuration is reduced by 24.6% and the highest resonant frequency within 2000 Hz is 1744.9 Hz, which is 54.2% higher than that of the original configuration. This greatly improves the vibration power and operating frequency range of the transducer. Then, the honeycomb structure is innovatively applied to the work panel, and it is verified that the honeycomb structure has a great effect on the vibration performance of the work panel. By optimizing the size of the honeycomb structure, it is determined that the honeycomb structure can improve the vibration power of the work panel to its maximum value when the distance between the half-opposite sides of the hexagon is H = 3.5 mm. It can reduce the resonant frequency of the work panel; the lowest resonant frequency is reduced by 12.8%. At the same time, the application of a honeycomb panel structure can reduce the weight of the transducer.