diff --git a/Gemfile b/Gemfile
index 6abb075c1c..b626b5511c 100644
--- a/Gemfile
+++ b/Gemfile
@@ -105,7 +105,7 @@ gem 'opentelemetry-api', '~> 1.4.0'
 group :opentelemetry do
   gem 'opentelemetry-exporter-otlp', '~> 0.29.0', require: false
   gem 'opentelemetry-instrumentation-active_job', '~> 0.7.1', require: false
-  gem 'opentelemetry-instrumentation-active_model_serializers', '~> 0.20.1', require: false
+  gem 'opentelemetry-instrumentation-active_model_serializers', '~> 0.21.0', require: false
   gem 'opentelemetry-instrumentation-concurrent_ruby', '~> 0.21.2', require: false
   gem 'opentelemetry-instrumentation-excon', '~> 0.22.0', require: false
   gem 'opentelemetry-instrumentation-faraday', '~> 0.24.1', require: false
@@ -114,7 +114,7 @@ group :opentelemetry do
   gem 'opentelemetry-instrumentation-net_http', '~> 0.22.4', require: false
   gem 'opentelemetry-instrumentation-pg', '~> 0.29.0', require: false
   gem 'opentelemetry-instrumentation-rack', '~> 0.25.0', require: false
-  gem 'opentelemetry-instrumentation-rails', '~> 0.33.0', require: false
+  gem 'opentelemetry-instrumentation-rails', '~> 0.34.0', require: false
   gem 'opentelemetry-instrumentation-redis', '~> 0.25.3', require: false
   gem 'opentelemetry-instrumentation-sidekiq', '~> 0.25.2', require: false
   gem 'opentelemetry-sdk', '~> 1.4', require: false
diff --git a/Gemfile.lock b/Gemfile.lock
index 3dc571f9a5..3367e04685 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -475,29 +475,29 @@ GEM
       opentelemetry-semantic_conventions
     opentelemetry-helpers-sql-obfuscation (0.2.1)
       opentelemetry-common (~> 0.21)
-    opentelemetry-instrumentation-action_mailer (0.2.0)
+    opentelemetry-instrumentation-action_mailer (0.3.0)
       opentelemetry-api (~> 1.0)
-      opentelemetry-instrumentation-active_support (~> 0.1)
+      opentelemetry-instrumentation-active_support (~> 0.7)
       opentelemetry-instrumentation-base (~> 0.22.1)
     opentelemetry-instrumentation-action_pack (0.10.0)
       opentelemetry-api (~> 1.0)
       opentelemetry-instrumentation-base (~> 0.22.1)
       opentelemetry-instrumentation-rack (~> 0.21)
-    opentelemetry-instrumentation-action_view (0.7.3)
+    opentelemetry-instrumentation-action_view (0.8.0)
       opentelemetry-api (~> 1.0)
-      opentelemetry-instrumentation-active_support (~> 0.6)
+      opentelemetry-instrumentation-active_support (~> 0.7)
       opentelemetry-instrumentation-base (~> 0.22.1)
     opentelemetry-instrumentation-active_job (0.7.8)
       opentelemetry-api (~> 1.0)
       opentelemetry-instrumentation-base (~> 0.22.1)
-    opentelemetry-instrumentation-active_model_serializers (0.20.3)
+    opentelemetry-instrumentation-active_model_serializers (0.21.0)
       opentelemetry-api (~> 1.0)
-      opentelemetry-instrumentation-active_support (>= 0.6.0)
+      opentelemetry-instrumentation-active_support (>= 0.7.0)
       opentelemetry-instrumentation-base (~> 0.22.1)
     opentelemetry-instrumentation-active_record (0.8.1)
       opentelemetry-api (~> 1.0)
       opentelemetry-instrumentation-base (~> 0.22.1)
-    opentelemetry-instrumentation-active_support (0.6.0)
+    opentelemetry-instrumentation-active_support (0.7.0)
       opentelemetry-api (~> 1.0)
       opentelemetry-instrumentation-base (~> 0.22.1)
     opentelemetry-instrumentation-base (0.22.6)
@@ -529,14 +529,14 @@ GEM
     opentelemetry-instrumentation-rack (0.25.0)
       opentelemetry-api (~> 1.0)
       opentelemetry-instrumentation-base (~> 0.22.1)
-    opentelemetry-instrumentation-rails (0.33.1)
+    opentelemetry-instrumentation-rails (0.34.0)
       opentelemetry-api (~> 1.0)
-      opentelemetry-instrumentation-action_mailer (~> 0.2.0)
+      opentelemetry-instrumentation-action_mailer (~> 0.3.0)
       opentelemetry-instrumentation-action_pack (~> 0.10.0)
-      opentelemetry-instrumentation-action_view (~> 0.7.0)
+      opentelemetry-instrumentation-action_view (~> 0.8.0)
       opentelemetry-instrumentation-active_job (~> 0.7.0)
       opentelemetry-instrumentation-active_record (~> 0.8.0)
-      opentelemetry-instrumentation-active_support (~> 0.6.0)
+      opentelemetry-instrumentation-active_support (~> 0.7.0)
       opentelemetry-instrumentation-base (~> 0.22.1)
     opentelemetry-instrumentation-redis (0.25.7)
       opentelemetry-api (~> 1.0)
@@ -959,7 +959,7 @@ DEPENDENCIES
   opentelemetry-api (~> 1.4.0)
   opentelemetry-exporter-otlp (~> 0.29.0)
   opentelemetry-instrumentation-active_job (~> 0.7.1)
-  opentelemetry-instrumentation-active_model_serializers (~> 0.20.1)
+  opentelemetry-instrumentation-active_model_serializers (~> 0.21.0)
   opentelemetry-instrumentation-concurrent_ruby (~> 0.21.2)
   opentelemetry-instrumentation-excon (~> 0.22.0)
   opentelemetry-instrumentation-faraday (~> 0.24.1)
@@ -968,7 +968,7 @@ DEPENDENCIES
   opentelemetry-instrumentation-net_http (~> 0.22.4)
   opentelemetry-instrumentation-pg (~> 0.29.0)
   opentelemetry-instrumentation-rack (~> 0.25.0)
-  opentelemetry-instrumentation-rails (~> 0.33.0)
+  opentelemetry-instrumentation-rails (~> 0.34.0)
   opentelemetry-instrumentation-redis (~> 0.25.3)
   opentelemetry-instrumentation-sidekiq (~> 0.25.2)
   opentelemetry-sdk (~> 1.4)