diff --git a/.gitmodules b/.gitmodules
index 3b88798..6f11349 100644
--- a/.gitmodules
+++ b/.gitmodules
@@ -1,4 +1,4 @@
 [submodule "opentelemetry-proto"]
 	path = opentelemetry-proto
 	url = https://github.com/open-telemetry/opentelemetry-proto
-	branch = v1.2.0
+	branch = v1.3.0
diff --git a/opentelemetry-proto b/opentelemetry-proto
index 24d4bc0..39339ef 160000
--- a/opentelemetry-proto
+++ b/opentelemetry-proto
@@ -1 +1 @@
-Subproject commit 24d4bc002003c74db7aa608c8e254155daf8e49d
+Subproject commit 39339ef177218cc965b8cf863d761775ec668858
diff --git a/versions.yaml b/versions.yaml
index c7b2728..fd85bb7 100644
--- a/versions.yaml
+++ b/versions.yaml
@@ -14,7 +14,7 @@
 
 module-sets:
   all:
-    version: v1.2.0
+    version: v1.3.0
     modules:
       - go.opentelemetry.io/proto
       - go.opentelemetry.io/proto/otlp