"I have seen him develop as a driver of the years too. Somehow every year he manages to come out a little bit better than the year before. He just works on every little detail."
Dixon has 41 career IndyCar race wins to see him lie in fourth on the all-time list and a single win shy of Michael Andretti in third place.
The 36-year-old New Zealander briefly tested a Williams Formula 1 car early in his career but it never led to a permanent move to the sport's pinnacle.
Johansson believes Dixon could have emulated what countryman Denny Hulme did in 1967 in becoming Formula 1 world champion.
"I think he would have been world champion - I really do," Johansson said. "There is no doubt in my mind. He is world champion material.
"I think any of these guys at the top level of any championship 90% is up here.
"If it was a matter of him being in the right car at the right time there is no doubt he would have been world champion."
Dixon has a narrow eight-point lead over Helio Castroneves in the IndyCars championship with six races to go in season.