Schumacher suffered a severe head injury, despite wearing a helmet in 2013, while skiing at the exclusive Meribel resort in the French Alps.
He was put into a medically induced coma before undergoing two life-saving operations. Schumacher awoke from his coma on June 16, 2016 — 169 days after his skiing accident.
The long-awaited collection will include 20 cars from his first kart, the Formula Ford racer, the Formula One Jordan 101 to his world champion Ferraris.
“This is nice and relieving for the family because it always allows for an insight into the man Michael was, instead of just concentrating on his sick bed.”
The champion’s family have released few updates on Schumacher’s medical condition.
In November, his wife Corinna Betsch said: “The decision to protect his privacy from the public has been taken in Michael’s interest.”
His agent also made it clear in December 2016: “Michael’s health is not a public issue, and so we will continue to make no comment in that regard.”
In January, a doctor speculated that Schumacher could make a recovery and told fans to not “give up hope”.
Professor Mark Obermann, Director of the Centre for Neurology at the Asklepios clinic in Seesen, Germany said: “According to a Swedish study, between 30 and 40 percent of patients have regained consciousness within four years. “
It is not immediately known if his wife, and children Gina-Maria and Mick will open the exhibition.
Mick is already going to be taking a break from the Formula Three season in June after it starts on May 12.
World Automobile Federation (FIA) president Jean Todt shared at the induction ceremony for Schumacher to the FIA Hall of Fame: “We miss Michael.
“He is still here and he is still fighting.”
(Additional reporting by Monika Pallenberg.)