The results of Lamb wave identification for the aerospace structures could be easily affected by the nonlinear-dispersion characteristics. In this paper, dispersion compensation of Lamb waves is of particular concern. Compared with the similar research works on the traditional signal domain transform methods, this study is based on signal construction from the viewpoint of nonlinear wavenumber linearization. Two compensation methods of linearly-dispersive signal construction (LDSC) and non-dispersive signal construction (NDSC) are proposed. Furthermore, to improve the compensation effect, the influence of the signal construction process on the other crucial signal properties, including the signal waveform and amplitude spectrum, is considered during the investigation. The linear-dispersion and non-dispersion effects are firstly analyzed. Then, after the basic signal construction principle is explored, the numerical realization of LDSC and NDSC is discussed, in which the signal waveform and amplitude spectrum preservation is especially regarded. Subsequently, associated with the delay-and-sum algorithm, LDSC or NDSC is employed for high spatial resolution damage imaging, so that the adjacent multi-damage or quantitative imaging capacity of Lamb waves can be strengthened. To verify the proposed signal construction and damage imaging methods, the experimental and numerical validation is finally arranged on the aluminum plates.