This paper studies the output feedback dynamic gain scheduled control for stabilizing a spacecraft rendezvous system subject to actuator saturation. By using the parametric Lyapunov equation and the gain scheduling technique, a new observer-based output feedback controller is proposed to solve the semi-global stabilization problem for spacecraft rendezvous system with actuator saturation. By scheduling the design parameter online, the convergence rates of the closed-loop system are improved. Numerical simulations show the effectiveness of the proposed approaches. This paper studies the output feedback dynamic gain scheduled control for stabilizing a spacecraft rendezvous system subject to actuator saturation. By using the parametric Lyapunov equation and the gain scheduling technique, a new observer-based output feedback controller is proposed to solve the semi-global stabilization problem for spacecraft rendezvous system with actuator saturation. By scheduling the design parameter online, the convergence rates of the closed-loop system are improved. Numerical simulations show the effectiveness of the proposed approach.