Created in 2004, the Hall of Fame recognises artists who have made exceptional contributions to musical culture in the United Kingdom.
In addition to Led Zeppelin, singer Rod Stewart, Brian Wilson of the Beach Boys, Dusty Springfield and Sir George Martin will also honoured.
A ceremony will be conducted on November 14 for the official inductions. Some of the other artists who have been inducted in the past include the Beatles, the Rolling Stones, Bob Dylan, Elvis Presley and Pink Floyd.