He has often been compared to Henry due to their similar style of play and Deschamps hopes the gifted youngster will enjoy a similar career.
"I wish Kylian to have the same career as Thierry Henry. Titi was very mature as a youngster, but I think Kylian is also a mature player," Deschamps said at a media conference.
"Kylian has made the squad because he has shown over the past few months that he has the quality. Quality has no age.
"Everyone will ask if this is the right moment, but I am looking forward to seeing him with the group, he has a very specific skillset. Other youngsters have walked this path before him and I think this is the right moment for him.
"What makes him such a strong player, apart from his ability, is the way he always remains calm. That is very rare for someone his age."
Whereas Mbappe was one of the new faces in Deschamps' squad Thursday, Lyon striker Alexandre Lacazette was unfortunate to miss out despite his fine form in 2016-17.
"Lacazette is one of the players who could have made the squad," Deschamps added.
"He has been performing well, but I have to make some difficult choices. I can only tell him to keep going, even though I understand that he must be disappointed.
"But I have to make choices. We have a lot of attackers and I cannot include all of them."
France play Luxembourg in a World Cup qualifier March 25 before hosting Spain in a high-profile friendly March 28.