He was appointed an OBE in the 1996 Birthday Honours for services to broadcasting and motor sports. In November 1997, Walker was awarded an honorary Doctor of Letters degree from Bournemouth University. He was later honoured, in July 2005, with an honorary doctorate from the Middlesex University, London. He was the subject of "This Is Your Life" in 1997 when he was surprised by Michael Aspel during a promotional video launch at the Sports Cafe in London's Lower Regent Street. Walker was named the winner of the Gregor Grant Award from the motor racing magazine Autosport in 1993. In 2000, he won the Royal Television Society Lifetime Achievement Award, and was named the recipient of the BAFTA Special Award for Contribution to Television in 2002.