diff --git a/dependencies.gradle b/dependencies.gradle
index eb8dc5c7..b8572346 100644
--- a/dependencies.gradle
+++ b/dependencies.gradle
@@ -35,7 +35,7 @@ def MICROMETER_PLATFORM_VERSIONS = [
 def PLATFORM_VERSIONS = [
 	libs.zipkinReporterBom,
 	libs.braveBom,
-	libs.otelInstrumentationBomAlpha,
+	libs.otelBom,
 	libs.reactorBom,
 	libs.junitBom
 ]
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index bdb11bea..8117047b 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -9,7 +9,8 @@ aopalliance="1.0"
 zipkinAws="1.3.0"
 logback = "1.5.16"
 wavefrontSdk="3.4.3"
-otelInstrumentationBomAlpha="2.13.1-alpha" # Automatic patch version updates are disabled since patch version bumps in this BOM can cause minor version bumps in other OTel dependencies
+otelBom="1.47.0"
+otelSemconvAlpha="1.30.0-alpha"
 log4j = "2.24.3"
 wavefrontReporter="1.7.16"
 slf4j = "1.7.36"
@@ -51,7 +52,8 @@ micrometerContextPropagation = { module = "io.micrometer:context-propagation", v
 micrometerBom = { module = "io.micrometer:micrometer-bom", version.ref = "micrometer" }
 mockitoCore = { module = "org.mockito:mockito-core", version.ref = "mockito" }
 mockitoJunit = { module = "org.mockito:mockito-junit-jupiter", version.ref = "mockito" }
-otelInstrumentationBomAlpha = { module = "io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom-alpha", version.ref = "otelInstrumentationBomAlpha" }
+otelBom = { module = "io.opentelemetry:opentelemetry-bom", version.ref = "otelBom" }
+otelSemconvAlpha = { module = "io.opentelemetry.semconv:opentelemetry-semconv-incubating", version.ref = "otelSemconvAlpha" }
 reactorBom = { module = "io.projectreactor:reactor-bom", version.ref = "reactorBom" }
 slf4j = { module = "org.slf4j:slf4j-api", version.ref = "slf4j" }
 springCore = { module = "org.springframework:spring-core", version.ref = "spring" }
diff --git a/micrometer-tracing-bridges/micrometer-tracing-bridge-otel/build.gradle b/micrometer-tracing-bridges/micrometer-tracing-bridge-otel/build.gradle
index 1c5f4600..f05610a7 100644
--- a/micrometer-tracing-bridges/micrometer-tracing-bridge-otel/build.gradle
+++ b/micrometer-tracing-bridges/micrometer-tracing-bridge-otel/build.gradle
@@ -8,11 +8,10 @@ dependencies {
 	api 'io.micrometer:micrometer-observation'
 
 	api 'io.opentelemetry:opentelemetry-api'
-	api 'io.opentelemetry.semconv:opentelemetry-semconv-incubating' // brings in io.opentelemetry.semconv:opentelemetry-semconv
+	api libs.otelSemconvAlpha
 	api 'io.opentelemetry:opentelemetry-sdk-common'
 	api 'io.opentelemetry:opentelemetry-sdk-trace'
 	api 'io.opentelemetry:opentelemetry-sdk'
-	api 'io.opentelemetry.instrumentation:opentelemetry-instrumentation-api-incubator'
 	api 'io.opentelemetry:opentelemetry-extension-trace-propagators'
 	optionalApi 'io.opentelemetry:opentelemetry-opentracing-shim'
 
diff --git a/micrometer-tracing-reporters/micrometer-tracing-reporter-wavefront/build.gradle b/micrometer-tracing-reporters/micrometer-tracing-reporter-wavefront/build.gradle
index 7da38f7e..6b81d24c 100644
--- a/micrometer-tracing-reporters/micrometer-tracing-reporter-wavefront/build.gradle
+++ b/micrometer-tracing-reporters/micrometer-tracing-reporter-wavefront/build.gradle
@@ -16,7 +16,6 @@ dependencies {
 	optionalImplementation 'io.opentelemetry:opentelemetry-sdk'
 	optionalImplementation 'io.opentelemetry:opentelemetry-sdk-trace'
 	optionalImplementation 'io.opentelemetry:opentelemetry-extension-trace-propagators'
-	optionalImplementation 'io.opentelemetry.instrumentation:opentelemetry-instrumentation-api-incubator'
 
 	// Wavefront
 	implementation libs.wavefrontReporter
diff --git a/micrometer-tracing-tests/micrometer-tracing-integration-test/build.gradle b/micrometer-tracing-tests/micrometer-tracing-integration-test/build.gradle
index bef31e3d..41faaa66 100644
--- a/micrometer-tracing-tests/micrometer-tracing-integration-test/build.gradle
+++ b/micrometer-tracing-tests/micrometer-tracing-integration-test/build.gradle
@@ -23,7 +23,6 @@ dependencies {
 	api 'io.opentelemetry:opentelemetry-exporter-zipkin'
 	api 'io.opentelemetry:opentelemetry-sdk-trace'
 	api 'io.opentelemetry:opentelemetry-extension-trace-propagators'
-	api 'io.opentelemetry.instrumentation:opentelemetry-instrumentation-api-incubator'
 	api 'io.opentelemetry:opentelemetry-sdk-testing'
 
 	// Zipkin