diff --git a/builder/frameworks/espidf.py b/builder/frameworks/espidf.py
index a80a616..72212e7 100644
--- a/builder/frameworks/espidf.py
+++ b/builder/frameworks/espidf.py
@@ -1047,6 +1047,7 @@ def install_python_deps():
         "future": ">=0.15.2",
         "pyparsing": ">=2.0.3,<2.4.0",
         "kconfiglib": "==13.7.1",
+        "idf-component-manager": "~=1.0"
     }
 
     installed_packages = _get_installed_pip_packages()
diff --git a/platform.json b/platform.json
index 1dd23c4..d92eae6 100644
--- a/platform.json
+++ b/platform.json
@@ -84,7 +84,7 @@
       "type": "framework",
       "optional": true,
       "owner": "platformio",
-      "version": "~3.40401.0"
+      "version": "~3.40402.0"
     },
     "tool-esptoolpy": {
       "type": "uploader",