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17 September 2014, 19:26 | Updated: 15 December 2016, 11:50
The award for the acclaimed Greek violinist and conductor was voted for by the public.
46-year old Kavakos was presented with the coveted award by trumpeter Alison Balsom at this year's Gramophone Classical Music Awards, held at St. Johns Smith Square, London, this evening.
Gramophone Award winners: full list
"I'm deeply moved," Kavakos said, receiving his award.
"I strongly believe there is no way to success for anyone by himself. I want to really mention and thank those people who have been close to me...all the people I have had the privilege to make music with."
The violinist particularly paid tribute to the great conductor Riccardo Chailly who was also present at the glittering ceremony.
"He is one of the very, very, very important artists in our life," said Kavakos.
The Gramophone Artist of the Year award is the latest accolade for Kavakos who has previously won prizes at several international violin competitions.