diff --git a/Cargo.lock b/Cargo.lock
index 941e06dafc..9cf740d081 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2206,7 +2206,7 @@ dependencies = [
  "dashmap",
  "hashbrown",
  "observability_deps",
- "opentelemetry",
+ "opentelemetry 0.15.0",
  "opentelemetry-prometheus",
  "parking_lot",
  "prometheus",
@@ -2709,14 +2709,32 @@ dependencies = [
 ]
 
 [[package]]
-name = "opentelemetry-jaeger"
-version = "0.14.0"
+name = "opentelemetry"
+version = "0.16.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "09a9fc8192722e7daa0c56e59e2336b797122fb8598383dcb11c8852733b435c"
+checksum = "e1cf9b1c4e9a6c4de793c632496fa490bdc0e1eea73f0c91394f7b6990935d22"
+dependencies = [
+ "async-trait",
+ "crossbeam-channel",
+ "futures",
+ "js-sys",
+ "lazy_static",
+ "percent-encoding",
+ "pin-project 1.0.8",
+ "rand 0.8.4",
+ "thiserror",
+]
+
+[[package]]
+name = "opentelemetry-jaeger"
+version = "0.15.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "db22f492873ea037bc267b35a0e8e4fb846340058cb7c864efe3d0bf23684593"
 dependencies = [
  "async-trait",
  "lazy_static",
- "opentelemetry",
+ "opentelemetry 0.16.0",
+ "opentelemetry-semantic-conventions",
  "thiserror",
  "thrift",
 ]
@@ -2727,11 +2745,20 @@ version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e06ddda4790151e8b494f9bb32720fce23722d7f395f81383b9b2934bb6356a0"
 dependencies = [
- "opentelemetry",
+ "opentelemetry 0.15.0",
  "prometheus",
  "protobuf",
 ]
 
+[[package]]
+name = "opentelemetry-semantic-conventions"
+version = "0.8.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ffeac823339e8b0f27b961f4385057bf9f97f2863bc745bd015fd6091f2270e9"
+dependencies = [
+ "opentelemetry 0.16.0",
+]
+
 [[package]]
 name = "ordered-float"
 version = "1.1.1"
@@ -4863,7 +4890,7 @@ dependencies = [
  "chrono",
  "futures",
  "observability_deps",
- "opentelemetry",
+ "opentelemetry 0.15.0",
  "opentelemetry-jaeger",
  "snafu",
  "structopt",
diff --git a/trace_exporters/Cargo.toml b/trace_exporters/Cargo.toml
index 4cf576e5c9..5e2264a9ee 100644
--- a/trace_exporters/Cargo.toml
+++ b/trace_exporters/Cargo.toml
@@ -12,7 +12,7 @@ chrono = { version = "0.4" }
 futures = "0.3"
 observability_deps = { path = "../observability_deps" }
 opentelemetry = "0.15"
-opentelemetry-jaeger = { version = "0.14", optional = true }
+opentelemetry-jaeger = { version = "0.15", optional = true }
 snafu = "0.6"
 structopt = { version = "0.3.21" }
 tokio = { version = "1.0", features = ["macros", "time", "sync", "rt"] }