diff --git a/component-settings.yaml b/component-settings.yaml
index 023811b..8cccb7c 100644
--- a/component-settings.yaml
+++ b/component-settings.yaml
@@ -12,9 +12,9 @@ METRICS_OPERATOR_VERSION: "v0.10.0"
 KUBE_RBAC_PROXY_VERSION: "v0.21.1"
 
 # open telemetry operator and collector
-OPEN_TELEMETRY_OPERATOR_CHART_VERSION: "0.107.2"
+OPEN_TELEMETRY_OPERATOR_CHART_VERSION: "0.108.0"
 OPEN_TELEMETRY_OPERATOR_IMAGE_VERSION: "v0.147.0"
-OPEN_TELEMETRY_COLLECTOR_IMAGE_VERSION: "v0.147.0"
+OPEN_TELEMETRY_COLLECTOR_IMAGE_VERSION: "v0.148.0"
 
 # prometheus operator
 PROMETHEUS_OPERATOR_IMAGE_VERSION: "v0.90.0"