diff --git a/playbooks/krd-vars.yml b/playbooks/krd-vars.yml
index 029ed800..63bf9030 100644
--- a/playbooks/krd-vars.yml
+++ b/playbooks/krd-vars.yml
@@ -10,28 +10,28 @@
 kpt_version: 1.0.0-beta.55
 go_version: 1.15.3
 kubespray_version: v2.26.0
-istio_version: 1.23.2
+istio_version: 1.24.1
 cfssl_version: 1.6.5
 sonobuoy_version: 0.57.2
 mitogen_version: 0.2.10
 # Knative versions
-kn_version: knative-v1.15.0
-knative_serving_version: knative-v1.15.2
-knative_eventing_version: v0.42.1
+kn_version: knative-v1.16.0
+knative_serving_version: knative-v1.16.0
+knative_eventing_version: v0.43.2
 ## Knative Sandbox versions
-net_kourier_version: knative-v1.15.1
-net_istio_version: vknative-v1.15.1
+net_kourier_version: knative-v1.16.0
+net_istio_version: vknative-v1.16.0
 net_certmanager_version: vknative-v1.14.0
 octant_version: 0.25.1
-kube-ovn_version: vkube-ovn-v1.12.26
-prometheus-operator_version: v0.77.1
-kubevirt_version: v1.3.1
-containerized_data_importer_version: v1.60.3
+kube-ovn_version: vkube-ovn-1.13.0
+prometheus-operator_version: v0.78.2
+kubevirt_version: v1.4.0
+containerized_data_importer_version: v1.60.4
 virtink_version: v0.16.0
 kubesphere_version: v4.1.2
 metallb_version: v0.14.8
 qat_plugin_mode: "{{ lookup('env', 'KRD_QAT_PLUGIN_MODE') | default('dpdk') }}"
 qat_plugin_version: "0.15.0"
-argocd_version: v2.12.5
-tekton_version: v0.73.1
+argocd_version: v2.13.1
+tekton_version: v0.74.0
 kubevirt_tekton_tasks_version: v0.22.0