diff --git a/component/go.mod b/component/go.mod
index aaa65f102f6..7fcf88861f4 100644
--- a/component/go.mod
+++ b/component/go.mod
@@ -7,8 +7,8 @@ require (
 	go.opentelemetry.io/collector/config/configtelemetry v0.87.0
 	go.opentelemetry.io/collector/confmap v0.87.0
 	go.opentelemetry.io/collector/pdata v1.0.0-rcv0016
-	go.opentelemetry.io/otel/metric v1.19.0
-	go.opentelemetry.io/otel/trace v1.19.0
+	go.opentelemetry.io/otel/metric v1.20.0
+	go.opentelemetry.io/otel/trace v1.20.0
 	go.uber.org/multierr v1.11.0
 	go.uber.org/zap v1.26.0
 )
@@ -25,7 +25,7 @@ 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-rcv0016 // indirect
-	go.opentelemetry.io/otel v1.19.0 // indirect
+	go.opentelemetry.io/otel v1.20.0 // indirect
 	golang.org/x/net v0.17.0 // indirect
 	golang.org/x/sys v0.13.0 // indirect
 	golang.org/x/text v0.13.0 // indirect
diff --git a/component/go.sum b/component/go.sum
index f1b57338d5d..342349e2458 100644
--- a/component/go.sum
+++ b/component/go.sum
@@ -1,6 +1,6 @@
 github.com/davecgh/go-spew v1.1.1 h1:vj9j/u1bqnvCEfJOwUhtlOARqs3+rkHYY13jYWTU97c=
 github.com/davecgh/go-spew v1.1.1/go.mod h1:J7Y8YcW2NihsgmVo/mv3lAwl/skON4iLHjSsI+c5H38=
-github.com/go-logr/logr v1.2.4 h1:g01GSCwiDw2xSZfjJ2/T9M+S6pFdcNtFYsp+Y43HYDQ=
+github.com/go-logr/logr v1.3.0 h1:2y3SDp0ZXuc6/cjLSZ+Q3ir+QB9T/iG5yYRXqsagWSY=
 github.com/go-logr/stdr v1.2.2 h1:hSWxHoqTgW2S2qGc0LTAI563KZ5YKYRhT3MFKZMbjag=
 github.com/gogo/protobuf v1.3.2 h1:Ov1cvc58UF3b5XjBnZv7+opcTcQFZebYjWzi34vdm4Q=
 github.com/gogo/protobuf v1.3.2/go.mod h1:P1XiOD3dCwIKUDQYPy72D8LYyHL2YPYrpS2s69NZV8Q=
@@ -8,7 +8,7 @@ github.com/golang/protobuf v1.5.0/go.mod h1:FsONVRAS9T7sI+LIUmWTfcYkHO4aIWwzhcaS
 github.com/golang/protobuf v1.5.3 h1:KhyjKVUg7Usr/dYsdSqoFveMYd5ko72D+zANwlG1mmg=
 github.com/golang/protobuf v1.5.3/go.mod h1:XVQd3VNwM+JqD3oG2Ue2ip4fOMUkwXdXDdiuN0vRsmY=
 github.com/google/go-cmp v0.5.5/go.mod h1:v8dTdLbMG2kIc/vJvl+f65V22dbkXbowE6jgT/gNBxE=
-github.com/google/go-cmp v0.5.9 h1:O2Tfq5qg4qc4AmwVlvv0oLiVAGB7enBSJ2x2DqQFi38=
+github.com/google/go-cmp v0.6.0 h1:ofyhxvXcZhMsU5ulbFiLKl/XBFqE1GSq7atu8tAmTRI=
 github.com/kisielk/errcheck v1.5.0/go.mod h1:pFxgyoBC7bSaBwPgfKdkLd5X25qrDl4LWUI2bnpBCr8=
 github.com/kisielk/gotool v1.0.0/go.mod h1:XhKaO+MFFWcvkIS/tQcRk01m1F5IRFswLeQ+oQHNcck=
 github.com/knadh/koanf/maps v0.1.1 h1:G5TjmUh2D7G2YWf5SQQqSiHRJEjaicvU0KpypqB3NIs=
@@ -32,12 +32,12 @@ github.com/stretchr/testify v1.8.4 h1:CcVxjf3Q8PM0mHUKJCdn+eZZtm5yQwehR5yeSVQQcU
 github.com/stretchr/testify v1.8.4/go.mod h1:sz/lmYIOXD/1dqDmKjjqLyZ2RngseejIcXlSw2iwfAo=
 github.com/yuin/goldmark v1.1.27/go.mod h1:3hX8gzYuyVAZsxl0MRgGTJEmQBFcNTphYh9decYSb74=
 github.com/yuin/goldmark v1.2.1/go.mod h1:3hX8gzYuyVAZsxl0MRgGTJEmQBFcNTphYh9decYSb74=
-go.opentelemetry.io/otel v1.19.0 h1:MuS/TNf4/j4IXsZuJegVzI1cwut7Qc00344rgH7p8bs=
-go.opentelemetry.io/otel v1.19.0/go.mod h1:i0QyjOq3UPoTzff0PJB2N66fb4S0+rSbSB15/oyH9fY=
-go.opentelemetry.io/otel/metric v1.19.0 h1:aTzpGtV0ar9wlV4Sna9sdJyII5jTVJEvKETPiOKwvpE=
-go.opentelemetry.io/otel/metric v1.19.0/go.mod h1:L5rUsV9kM1IxCj1MmSdS+JQAcVm319EUrDVLrt7jqt8=
-go.opentelemetry.io/otel/trace v1.19.0 h1:DFVQmlVbfVeOuBRrwdtaehRrWiL1JoVs9CPIQ1Dzxpg=
-go.opentelemetry.io/otel/trace v1.19.0/go.mod h1:mfaSyvGyEJEI0nyV2I4qhNQnbBOUUmYZpYojqMnX2vo=
+go.opentelemetry.io/otel v1.20.0 h1:vsb/ggIY+hUjD/zCAQHpzTmndPqv/ml2ArbsbfBYTAc=
+go.opentelemetry.io/otel v1.20.0/go.mod h1:oUIGj3D77RwJdM6PPZImDpSZGDvkD9fhesHny69JFrs=
+go.opentelemetry.io/otel/metric v1.20.0 h1:ZlrO8Hu9+GAhnepmRGhSU7/VkpjrNowxRN9GyKR4wzA=
+go.opentelemetry.io/otel/metric v1.20.0/go.mod h1:90DRw3nfK4D7Sm/75yQ00gTJxtkBxX+wu6YaNymbpVM=
+go.opentelemetry.io/otel/trace v1.20.0 h1:+yxVAPZPbQhbC3OfAkeIVTky6iTFpcr4SiY9om7mXSQ=
+go.opentelemetry.io/otel/trace v1.20.0/go.mod h1:HJSK7F/hA5RlzpZ0zKDCHCDHm556LCDtKaAo6JmBFUU=
 go.uber.org/goleak v1.2.0 h1:xqgm/S+aQvhWFTtR0XK3Jvg7z8kGV8P4X14IzwN3Eqk=
 go.uber.org/multierr v1.11.0 h1:blXXJkSxSSfBVBlC76pxqeO+LN3aDfLQo+309xJstO0=
 go.uber.org/multierr v1.11.0/go.mod h1:20+QtiLqy0Nd6FdQB9TLXag12DsQkrbs3htMFfDN80Y=