diff --git a/homeassistant/components/esphome/manifest.json b/homeassistant/components/esphome/manifest.json
index a159c5a2a5308961eeb41aa60385e5e470d7c692..aa0f6f3752bd4feba12c00a853ba07c3aaea44df 100644
--- a/homeassistant/components/esphome/manifest.json
+++ b/homeassistant/components/esphome/manifest.json
@@ -16,7 +16,7 @@
   "loggers": ["aioesphomeapi", "noiseprotocol", "bleak_esphome"],
   "mqtt": ["esphome/discover/#"],
   "requirements": [
-    "aioesphomeapi==29.3.2",
+    "aioesphomeapi==29.4.0",
     "esphome-dashboard-api==1.2.3",
     "bleak-esphome==2.11.0"
   ],
diff --git a/requirements_all.txt b/requirements_all.txt
index 98088180cba43e8c61d475293c92bb1e5a99c1c1..c3a085d2a7a1ab24035fd9cebd0d54629934c82e 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -243,7 +243,7 @@ aioelectricitymaps==0.4.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==29.3.2
+aioesphomeapi==29.4.0
 
 # homeassistant.components.flo
 aioflo==2021.11.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 7e762e7413da58c2dd127b94892b46f3bec98160..680005447adc296b15746c440943ce0ef7219eb9 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -231,7 +231,7 @@ aioelectricitymaps==0.4.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==29.3.2
+aioesphomeapi==29.4.0
 
 # homeassistant.components.flo
 aioflo==2021.11.0