diff --git a/helm-chart/templates/opentelemetry-collector.yaml b/helm-chart/templates/opentelemetry-collector.yaml
index 72751796c..4ca98cb4f 100644
--- a/helm-chart/templates/opentelemetry-collector.yaml
+++ b/helm-chart/templates/opentelemetry-collector.yaml
@@ -94,7 +94,7 @@ spec:
           readOnlyRootFilesystem: true
         args:
         - --config=/conf/collector-gateway-config.yaml
-        image: otel/opentelemetry-collector-contrib:0.114.0@sha256:37fa87091cfaaec7234a27e4e395a40c31c2bfaea97a349a4afef6d9e9681197
+        image: otel/opentelemetry-collector-contrib:0.118.0@sha256:3f6274fe609da4f9964fbc2ef36b83d08d47964fbb11629251393590d3924072
         volumeMounts:
         - name: collector-gateway-config
           mountPath: /conf
diff --git a/kustomize/components/google-cloud-operations/otel-collector.yaml b/kustomize/components/google-cloud-operations/otel-collector.yaml
index 2cc1c9e52..ac362776a 100644
--- a/kustomize/components/google-cloud-operations/otel-collector.yaml
+++ b/kustomize/components/google-cloud-operations/otel-collector.yaml
@@ -68,7 +68,7 @@ spec:
           readOnlyRootFilesystem: true
         args:
         - --config=/conf/collector-gateway-config.yaml
-        image: otel/opentelemetry-collector-contrib:0.114.0@sha256:37fa87091cfaaec7234a27e4e395a40c31c2bfaea97a349a4afef6d9e9681197
+        image: otel/opentelemetry-collector-contrib:0.118.0@sha256:3f6274fe609da4f9964fbc2ef36b83d08d47964fbb11629251393590d3924072
         volumeMounts:
         - name: collector-gateway-config
           mountPath: /conf