diff --git a/k8s-apps/opentelemetry-collector/values.yaml b/k8s-apps/opentelemetry-collector/values.yaml
index 5ca93c0a..1f1f1855 100644
--- a/k8s-apps/opentelemetry-collector/values.yaml
+++ b/k8s-apps/opentelemetry-collector/values.yaml
@@ -1,7 +1,7 @@
 opentelemetry-collector:
   image:
     repository: otel/opentelemetry-collector-contrib
-    tag: 0.117.0
+    tag: 0.118.0
   mode: daemonset
   service:
     enabled: true