The spy series has gained a slew of international nominations since 1962's Dr. No, but has only won two Oscars - for Best Sound Effects for 1964's Goldfinger and Best Special Visual Effects for its follow-up, Thunderball.
However, Dalton is hopeful critically-acclaimed Skyfall, starring Daniel Craig as 007, will be tipped in the Academy Awards lists when the nominations are unveiled on 10 January (13).
He tells Britain's Sunday Express, "It is absolutely time for Bond to get proper attention at the Oscars. On almost every level this Bond movie is right at the forefront of what cinema is capable of.
"It is an absolutely modern James Bond, a movie truly of its time. Daniel Craig is fantastic and it feels very real. I thought the film was fabulous."