South Africa's AB de Villiers, meanwhile was selected in the ODI Team of the Year for the fourth time in five years and for the first time as captain. Proteas players Hashim Amla and Imran Tahir joined him.
The qualification period for the teams ran from September 18 last year to September 13 2015.
The selection panel who made the decision included past greats such as former West Indies fast bowler Ian Bishop, ex England batsman Mark Butcher and former Australia women's captain Belinda Clark.
It was chaired by former India captain Anil Kumble.
Winners of the individual awards will be announced later this month.
ICC Test Team of the Year 2015:
David Warner (Aus), Alastair Cook (Eng) (captain), Kane Williamson (NZ), Younis Khan (Pak), Steven Smith (Aus), Joe Root (Eng), Sarfraz Ahmed (Pak) (wicketkeeper), Stuart Broad (Eng), Trent Boult (NZ), Yasir Shah (Pak), Josh Hazlewood (Aus). 12th man Ravichandran Ashwin (Ind).
ICC ODI Team of the Year 2015:
Tillakaratne Dilshan (SL), Hashim Amla (SA), Kumar Sangakkara (SL) (wicketkeeper) AB de Villiers (SA) (capt), Steven Smith (Aus), Ross Taylor (NZ), Trent Boult (NZ), Mohammed Shami (Ind), Mitchell Starc (Aus), Mustafizur Rahman (Bang), Imran Tahir (SA). 12th man: Joe Root (Eng).
- With AAP