Deschamps named his 26-man squad on Thursday for next month's tournament where they kick off against Senegal, and also meet Iraq and Norway in their group.
"France are first in the FIFA rankings, but are we more favourites than Spain, Portugal, Germany, England, Argentina, Brazil, Morocco?" he asked at a press conference after announcing the squad.
"I know there are expectations. But we'll have some tough opponents in our first three matches. Let's focus on the first one.
"The result is the most important thing; it's the highest level, there are expectations. The final is a long way off," Deschamps added.
The France coach sprung only mild surprises in his selection, with an uncapped third-choice goalkeeper and the inclusion of the Crystal Palace pair of defender Maxence Lacroix and striker Jean-Philippe Mateta.
"He was very good in March after (William) Saliba's injury," Deschamps said of Lacroix's debut against Brazil and subsequent outing against Colombia.
"He can play on both the left and right sides of the centre. Having three options in each position is a safety net. With this squad of nine defenders, five midfielders, and nine forwards, we have different profiles, like Mateta, who has been effective with us and has good stats at his club."
Deschamps said he was used to working with a 23-man squad but took 26 players with him for the friendlies against Brazil and Colombia, which were hosted in Boston and Washington DC in March.
"The competition has changed, with more matches, the temperatures, and the recovery time in between games," he added.
Squad: Goalkeepers: Mike Maignan (AC Milan), Robin Risser (Racing Lens), Brice Samba (Stade Rennais)
Defenders: Lucas Digne (Aston Villa), Malo Gusto (Chelsea), Lucas Hernandez (Paris St Germain), Theo Hernandez (Al Hilal), Ibrahima Konate (Liverpool), Jules Kounde (Barcelona), Maxence Lacroix (Crystal Palace), William Saliba (Arsenal), Dayot Upamecano (Bayern Munich)
Midfielders: N'Golo Kante (Fenerbahce), Manu Kone (Roma), Adrien Rabiot (AC Milan), Aurelien Tchouameni (Real Madrid), Warren Zaire-Emery (Paris St Germain)
Forwards: Maghnes Akliouche (Monaco), Bradley Barcola (Paris St Germain), Rayan Cherki (Manchester City), Ousmane Dembele, Desire Doue (both Paris St Germain), Jean-Philippe Mateta (Crystal Palace), Kylian Mbappe (Real Madrid), Michael Olise (Bayern Munich), Marcus Thuram (Inter Milan).
