diff --git a/component/go.mod b/component/go.mod
index 58b492f35f3..e013d3c0af2 100644
--- a/component/go.mod
+++ b/component/go.mod
@@ -7,8 +7,8 @@ require (
 	go.opentelemetry.io/collector/config/configtelemetry v0.80.0
 	go.opentelemetry.io/collector/confmap v0.80.0
 	go.opentelemetry.io/collector/pdata v1.0.0-rcv0013
-	go.opentelemetry.io/otel/metric v1.16.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel/metric v1.18.0
+	go.opentelemetry.io/otel/trace v1.18.0
 	go.uber.org/multierr v1.11.0
 	go.uber.org/zap v1.24.0
 )
@@ -24,7 +24,7 @@ require (
 	github.com/mitchellh/reflectwalk v1.0.2 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
 	go.opentelemetry.io/collector/featuregate v1.0.0-rcv0013 // indirect
-	go.opentelemetry.io/otel v1.16.0 // indirect
+	go.opentelemetry.io/otel v1.18.0 // indirect
 	go.uber.org/atomic v1.10.0 // indirect
 	golang.org/x/net v0.11.0 // indirect
 	golang.org/x/sys v0.9.0 // indirect
diff --git a/component/go.sum b/component/go.sum
index 9e796f81023..a9fc7ee4597 100644
--- a/component/go.sum
+++ b/component/go.sum
@@ -247,12 +247,12 @@ github.com/yuin/goldmark v1.3.5/go.mod h1:mwnBkeHKe2W/ZEtQ+71ViKU8L12m81fl3OWwC1
 go.etcd.io/etcd/api/v3 v3.5.4/go.mod h1:5GB2vv4A4AOn3yk7MftYGHkUfGtDHnEraIjym4dYz5A=
 go.etcd.io/etcd/client/pkg/v3 v3.5.4/go.mod h1:IJHfcCEKxYu1Os13ZdwCwIUTUVGYTSAM3YSwc9/Ac1g=
 go.etcd.io/etcd/client/v3 v3.5.4/go.mod h1:ZaRkVgBZC+L+dLCjTcF1hRXpgZXQPOvnA/Ak/gq3kiY=
-go.opentelemetry.io/otel v1.16.0 h1:Z7GVAX/UkAXPKsy94IU+i6thsQS4nb7LviLpnaNeW8s=
-go.opentelemetry.io/otel v1.16.0/go.mod h1:vl0h9NUa1D5s1nv3A5vZOYWn8av4K8Ml6JDeHrT/bx4=
-go.opentelemetry.io/otel/metric v1.16.0 h1:RbrpwVG1Hfv85LgnZ7+txXioPDoh6EdbZHo26Q3hqOo=
-go.opentelemetry.io/otel/metric v1.16.0/go.mod h1:QE47cpOmkwipPiefDwo2wDzwJrlfxxNYodqc4xnGCo4=
-go.opentelemetry.io/otel/trace v1.16.0 h1:8JRpaObFoW0pxuVPapkgH8UhHQj+bJW8jJsCZEu5MQs=
-go.opentelemetry.io/otel/trace v1.16.0/go.mod h1:Yt9vYq1SdNz3xdjZZK7wcXv1qv2pwLkqr2QVwea0ef0=
+go.opentelemetry.io/otel v1.18.0 h1:TgVozPGZ01nHyDZxK5WGPFB9QexeTMXEH7+tIClWfzs=
+go.opentelemetry.io/otel v1.18.0/go.mod h1:9lWqYO0Db579XzVuCKFNPDl4s73Voa+zEck3wHaAYQI=
+go.opentelemetry.io/otel/metric v1.18.0 h1:JwVzw94UYmbx3ej++CwLUQZxEODDj/pOuTCvzhtRrSQ=
+go.opentelemetry.io/otel/metric v1.18.0/go.mod h1:nNSpsVDjWGfb7chbRLUNW+PBNdcSTHD4Uu5pfFMOI0k=
+go.opentelemetry.io/otel/trace v1.18.0 h1:NY+czwbHbmndxojTEKiSMHkG2ClNH2PwmcHrdo0JY10=
+go.opentelemetry.io/otel/trace v1.18.0/go.mod h1:T2+SGJGuYZY3bjj5rgh/hN7KIrlpWC5nS8Mjvzckz+0=
 go.uber.org/atomic v1.7.0/go.mod h1:fEN4uk6kAWBTFdckzkM89CLk9XfWZrxpCo0nPH17wJc=
 go.uber.org/atomic v1.10.0 h1:9qC72Qh0+3MqyJbAn8YU5xVq1frD8bn3JtD2oXtafVQ=
 go.uber.org/atomic v1.10.0/go.mod h1:LUxbIzbOniOlMKjJjyPfpl4v+PKK2cNJn91OQbhoJI0=