Davis, 54, has spondyloepiphyseal dysplasia congenita, a rare form of dwarfism.
Throughout his career, he has advocated for a more inclusive screen industry and is the founder of Willow Management, an agency dedicated representing actors under 5ft or over 7ft tall.
Davis said: “The Fellowship, to me, embodies the spirit of inclusivity, creativity, and collaboration that Bafta stands for.
“This recognition is not just about the body of work I’ve contributed but also about the people who’ve stood by me and the audiences who have made this journey worthwhile.”
He continued: “I also want to acknowledge the wonderful colleagues and friends who’ve worked behind the scenes – costumers, makeup artists, camera crews – who quietly and tirelessly pour their hearts into every production.
“I look forward to continuing to champion fresh perspectives, advocate for better representation, and inspire the next generation of storytellers to dream big.”
The Fellowship recognises industry figures who have made an outstanding contribution to film, television or games.
Previous recipients include Alfred Hitchcock, Steven Spielberg, Dame Judi Dench, Dame Vanessa Redgrave, Martin Scorsese, Sidney Poitier and Dame Helen Mirren.