diff --git a/components/esp_common/include/esp_idf_version.h b/components/esp_common/include/esp_idf_version.h
index 7f982413c3..cb9a8b4517 100644
--- a/components/esp_common/include/esp_idf_version.h
+++ b/components/esp_common/include/esp_idf_version.h
@@ -21,7 +21,7 @@ extern "C" {
 /** Major version number (X.x.x) */
 #define ESP_IDF_VERSION_MAJOR   4
 /** Minor version number (x.X.x) */
-#define ESP_IDF_VERSION_MINOR   1
+#define ESP_IDF_VERSION_MINOR   2
 /** Patch version number (x.x.X) */
 #define ESP_IDF_VERSION_PATCH   0
 
diff --git a/make/version.mk b/make/version.mk
index ce6d886092..cd99f17a9e 100644
--- a/make/version.mk
+++ b/make/version.mk
@@ -1,3 +1,3 @@
 IDF_VERSION_MAJOR := 4
-IDF_VERSION_MINOR := 1
+IDF_VERSION_MINOR := 2
 IDF_VERSION_PATCH := 0
diff --git a/tools/cmake/version.cmake b/tools/cmake/version.cmake
index 07ce0b5821..088b058533 100644
--- a/tools/cmake/version.cmake
+++ b/tools/cmake/version.cmake
@@ -1,3 +1,3 @@
 set(IDF_VERSION_MAJOR 4)
-set(IDF_VERSION_MINOR 1)
+set(IDF_VERSION_MINOR 2)
 set(IDF_VERSION_PATCH 0)