Briton Cavendish, joint third on the all-time list of Tour de France stage wins with 25, will lead his Pharma Quick-Step team over the eight stage 1,045 kilometre route which begins at Peebles, Scotland on September 15.
Cavendish will be joined in the field by Team Sky's 2012 Tour de France winner Bradley Wiggins as well as new team mate and fellow sprinter Alessandro Petacchi, as the race continues to attract the sport's biggest names.
"Every year the rider list for The Tour of Britain has grown more and more impressive, with this year being no exception to that," race director Mick Bennett said.
"We have world-class sprinters like Mark Cavendish and Gerald Ciolek, the very best time trialists in Bradley Wiggins and Alex Dowsett, and exceptional climbing talents in Nairo Quintana and Dan Martin, plus many others who I could mention."
Quintana, who claimed the King of the Mountains jersey on his way to finishing second at this year's Tour de France, is racing for a Movistar team making its Tour of Britain debut.
Watch every stage LIVE and in high definition on British Eurosport, 15-22 September