The special model will be produced in limited numbers with strict allocations to major markets, including the U.S.
Changes to the 7 Series will be cosmetic and involve modifications to the exterior and interior.
Pricing has not been announced. The 7 Series Centennial is expected to arrive at BMW dealerships in the fall.
BMW also previewed the future of mobility with its self-driving BMW Vision Next 100 concept.
The concept's steering wheel and pedals retract when not in use. Driver information is projected onto the windshield.
Some features may eventually appear on a production vehicle, but the concept is more of an impression of what a 2030 BMW might be like.
"Rather than being an anonymous transport machine, it is a highly customized vehicle that is perfectly tailored to suit the driver's changing needs," BMW said in a statement on Monday.
Edmunds says: Car shoppers who want to mark this major BMW milestone should keep in touch with their dealer for the latest information on the 7 Series Centennial.