The Who, The Kinks and Joy Division/ New Order will be inducted into the UK Music Hall of Fame in November.
New Order performed at a recent concert in memory of John Peel
The bands will be honoured alongside Pink Floyd, Bob Dylan and Jimi Hendrix at this year's ceremony.
The ceremony, at London's Alexandra Palace on 16 November, will feature performances by Alanis Morissette and The Pretenders.
A panel of 60 broadcasters, artists, journalists, and industry executives have selected the bands.
Artists can be of any nationality as long as they have had success in the UK.
Last year's induction ceremony saw The Beatles, Michael Jackson, Madonna, Bob Marley, Elvis Presley, Queen, Cliff Richard & The Shadows, The Rolling Stones, U2 and Robbie Williams become the inaugural members of the UK Music Hall of Fame.
Bono of U2 and Madonna were at the ceremony to pick up honorary awards.
This year's ceremony will be broadcast on Channel 4 on 17 November and will also feature New Order performing the Joy Division classic Love Will Tear Us Apart.
Joy Division became New Order after the death of lead singer Ian Curtis at the age of 23 in 1980.
Former Guns n' Roses guitarist Slash will also lead a supergroup in a performance to honour legendary guitarist Hendrix.
The late DJ John Peel will receive 2005's Honorary Membership of the UK Music Hall of Fame in acknowledgement of his exceptional contribution to UK music.
DJ and TV presenter Dermot O'Leary will present the induction ceremony on Channel 4, while Radio 2's Mark Radcliffe will broadcast live from the event.