Generally, the conventional tracking algorithms are very limited in the practical applications because of its exponential increase in the required computation time for the number of targets being tracked. Therefore, in this paper, a new real-time moving target tracking system is proposed, which is based on the neural networks with massive parallel processing capabilities. Through the theoretical and experimental results, the target tracking system based on neural network algorithm is analyzed to be computationally independent of the number of objects being tracked and performs the optimized tracking through its massive parallel computation and learning capabilities. And this system also has massive matched filtering effects because the moving target data can be compactly stored in the interconnection weights by learning. Accordingly, a possibility of the proposed neural network target tracking system can be suggested to the fields of real-time application.