diff --git a/components/esp_modem/examples/ap_to_pppos/main/idf_component.yml b/components/esp_modem/examples/ap_to_pppos/main/idf_component.yml
index 3289c9b16..b674982e2 100644
--- a/components/esp_modem/examples/ap_to_pppos/main/idf_component.yml
+++ b/components/esp_modem/examples/ap_to_pppos/main/idf_component.yml
@@ -1,4 +1,4 @@
 dependencies:
   espressif/esp_modem:
-    version: "^1.0.1"
+    version: "^2"
     override_path: "../../../"
diff --git a/components/esp_modem/examples/linux_modem/main/idf_component.yml b/components/esp_modem/examples/linux_modem/main/idf_component.yml
index 3289c9b16..b674982e2 100644
--- a/components/esp_modem/examples/linux_modem/main/idf_component.yml
+++ b/components/esp_modem/examples/linux_modem/main/idf_component.yml
@@ -1,4 +1,4 @@
 dependencies:
   espressif/esp_modem:
-    version: "^1.0.1"
+    version: "^2"
     override_path: "../../../"
diff --git a/components/esp_modem/examples/modem_console/main/idf_component.yml b/components/esp_modem/examples/modem_console/main/idf_component.yml
index 0c242b0d7..b3287afd7 100644
--- a/components/esp_modem/examples/modem_console/main/idf_component.yml
+++ b/components/esp_modem/examples/modem_console/main/idf_component.yml
@@ -3,7 +3,7 @@ dependencies:
   ## Required IDF version
   idf: ">=4.1.0"
   espressif/esp_modem:
-    version: "^1.0.0"
+    version: "^2"
     override_path: "../../../"
   espressif/esp_modem_usb_dte:
     version: "^1.2.0"
diff --git a/components/esp_modem/examples/modem_psm/main/idf_component.yml b/components/esp_modem/examples/modem_psm/main/idf_component.yml
index 3289c9b16..b674982e2 100644
--- a/components/esp_modem/examples/modem_psm/main/idf_component.yml
+++ b/components/esp_modem/examples/modem_psm/main/idf_component.yml
@@ -1,4 +1,4 @@
 dependencies:
   espressif/esp_modem:
-    version: "^1.0.1"
+    version: "^2"
     override_path: "../../../"
diff --git a/components/esp_modem/examples/modem_tcp_client/main/idf_component.yml b/components/esp_modem/examples/modem_tcp_client/main/idf_component.yml
index d04386172..289a408e7 100644
--- a/components/esp_modem/examples/modem_tcp_client/main/idf_component.yml
+++ b/components/esp_modem/examples/modem_tcp_client/main/idf_component.yml
@@ -1,6 +1,6 @@
 dependencies:
   espressif/esp_modem:
-    version: ^1.0.1
+    version: ^2
     override_path: ../../../
   espressif/mbedtls_cxx:
     version: '*'
diff --git a/components/esp_modem/examples/pppos_client/main/idf_component.yml b/components/esp_modem/examples/pppos_client/main/idf_component.yml
index db56f13e5..8bb1ae7ab 100644
--- a/components/esp_modem/examples/pppos_client/main/idf_component.yml
+++ b/components/esp_modem/examples/pppos_client/main/idf_component.yml
@@ -3,7 +3,7 @@ dependencies:
   ## Required IDF version
   idf: '>=4.1.0'
   espressif/esp_modem:
-    version: ^1.0.0
+    version: ^2
     override_path: ../../../
   espressif/esp_modem_usb_dte:
     version: ^1.2.0
diff --git a/components/esp_modem/examples/simple_cmux_client/main/idf_component.yml b/components/esp_modem/examples/simple_cmux_client/main/idf_component.yml
index ea41f4cad..65f43095f 100644
--- a/components/esp_modem/examples/simple_cmux_client/main/idf_component.yml
+++ b/components/esp_modem/examples/simple_cmux_client/main/idf_component.yml
@@ -1,6 +1,6 @@
 dependencies:
   espressif/esp_modem:
-    version: "^1.0.1"
+    version: "^2"
     override_path: "../../../"
   console_cmd_ping:
     version: '*'
diff --git a/components/esp_modem/test/target_iperf/main/idf_component.yml b/components/esp_modem/test/target_iperf/main/idf_component.yml
index 7f6af031d..a3e415132 100644
--- a/components/esp_modem/test/target_iperf/main/idf_component.yml
+++ b/components/esp_modem/test/target_iperf/main/idf_component.yml
@@ -1,6 +1,6 @@
 ## IDF Component Manager Manifest File
 dependencies:
   espressif/esp_modem:
-    version: "^1.1.0"
+    version: "^2"
     override_path: "../../.."
   espressif/iperf-cmd: "^0.1.1"
diff --git a/components/esp_modem/test/target_ota/main/idf_component.yml b/components/esp_modem/test/target_ota/main/idf_component.yml
index 94026716e..3942c20c7 100644
--- a/components/esp_modem/test/target_ota/main/idf_component.yml
+++ b/components/esp_modem/test/target_ota/main/idf_component.yml
@@ -1,7 +1,7 @@
 ## IDF Component Manager Manifest File
 dependencies:
   espressif/esp_modem:
-    version: '*'
+    version: '^2'
     override_path: ../../..
   espressif/mbedtls_cxx:
     version: '*'
diff --git a/components/esp_modem/test/target_urc/main/idf_component.yml b/components/esp_modem/test/target_urc/main/idf_component.yml
index e6a180d70..8be13c9df 100644
--- a/components/esp_modem/test/target_urc/main/idf_component.yml
+++ b/components/esp_modem/test/target_urc/main/idf_component.yml
@@ -3,5 +3,5 @@ dependencies:
   ## Required IDF version
   idf: ">=4.1.0"
   espressif/esp_modem:
-    version: "^1.0.0"
+    version: "^2"
     override_path: "../../../"
diff --git a/examples/esp_netif/multiple_netifs/main/idf_component.yml b/examples/esp_netif/multiple_netifs/main/idf_component.yml
index 12333e231..cd2ad5338 100644
--- a/examples/esp_netif/multiple_netifs/main/idf_component.yml
+++ b/examples/esp_netif/multiple_netifs/main/idf_component.yml
@@ -1,6 +1,6 @@
 dependencies:
   espressif/esp_modem:
-    version: "^1.0.0"
+    version: "^2"
     override_path: "../../../../components/esp_modem"
   espressif/mqtt:
     rules: