The reed structure is the key component in the foldable space deployment mechanism. In the aerospace industry, weight loss occupies a pivotal position. The use of lightweight structure can achieve significant savings in launch costs and improve load efficiency. Aiming at the lightweight requirements of the space deployment mechanism, this paper discusses the substitution effect of the honeycomb topology on the reed structure in the space deployment structure. Firstly, the column structure of the honeycomb is equivalent to an orthotropic cylindrical block-shell structure. According to the bending theory of an orthotropic cylinder, the expanded honeycomb structure equivalent to an orthotropic cylindrical block-shell structure is deduced. Then, the exact expression of the reverse bending moment was obtained, and the bending moment-curvature curve during the folding process was drawn. The bending moment-curvature characteristics during the folding process are simulated by finite element numerical simulation. By proposing the index of unit mass for analysis and comparison, the results show that compared with the common spring steel structure, the honeycomb structure has better mechanical properties per unit mass and has a certain substitution effect on the reed structure.