The Oasis singer said that stars such as Michael Jackson and the members of Guns 'n' Roses represented the last of the true superstars, as they benefited from large record company advances.
"Rock stardom will die because nobody will make enough money any more to be rock stars," he told The Sunday Express.
"Everybody will be jobbing musicians. It's unbelievable. The music industry has changed beyond all recognition. The music business we signed into does not exist any more.
"What is fascinating about that," he continued, "is that there was a way of making money and selling records that got happened upon in the Sixties and it worked for 30-odd years, then all of a sudden, in under a decade, it's gone, never to return.
"It used to be about the A&R man going to see gigs, demos and people going into record labels saying, 'Give us a chance'," he added. "It's not like that any more."
Gallagher is due to unveil his first solo live DVD this autumn. International Magic Live at The O2 was recorded at the O2 arena in London on February 26, 2012 and is scheduled for release on October 15.
Watch the video for Noel Gallagher's High Flying Birds' 'Everybody's on the Run' below: