diff --git a/Makefile b/Makefile
index 8c2bfa9ae94c..09d8da8962d8 100644
--- a/Makefile
+++ b/Makefile
@@ -338,6 +338,12 @@ otelcontribcol:
 	cd ./cmd/otelcontribcol && GO111MODULE=on CGO_ENABLED=0 $(GOCMD) build -trimpath -o ../../bin/otelcontribcol_$(GOOS)_$(GOARCH)$(EXTENSION) \
 		-tags $(GO_BUILD_TAGS) .
 
+# Build the Collector executable without the symbol table, debug information, and the DWARF symbol table.
+.PHONY: otelcontribcollite
+otelcontribcollite:
+	cd ./cmd/otelcontribcol && GO111MODULE=on CGO_ENABLED=0 $(GOCMD) build -trimpath -o ../../bin/otelcontribcol_$(GOOS)_$(GOARCH)$(EXTENSION) \
+		-tags $(GO_BUILD_TAGS) -ldflags $(GO_BUILD_LDFLAGS) .
+
 .PHONY: genoteltestbedcol
 genoteltestbedcol: $(BUILDER)
 	$(BUILDER) --skip-compilation --config cmd/oteltestbedcol/builder-config.yaml --output-path cmd/oteltestbedcol
@@ -349,12 +355,22 @@ oteltestbedcol:
 	cd ./cmd/oteltestbedcol && GO111MODULE=on CGO_ENABLED=0 $(GOCMD) build -trimpath -o ../../bin/oteltestbedcol_$(GOOS)_$(GOARCH)$(EXTENSION) \
 		-tags $(GO_BUILD_TAGS) .
 
+.PHONY: oteltestbedcollite
+oteltestbedcollite:
+	cd ./cmd/oteltestbedcol && GO111MODULE=on CGO_ENABLED=0 $(GOCMD) build -trimpath -o ../../bin/oteltestbedcol_$(GOOS)_$(GOARCH)$(EXTENSION) \
+		-tags $(GO_BUILD_TAGS) -ldflags $(GO_BUILD_LDFLAGS) .
+
 # Build the telemetrygen executable.
 .PHONY: telemetrygen
 telemetrygen:
 	cd ./cmd/telemetrygen && GO111MODULE=on CGO_ENABLED=0 $(GOCMD) build -trimpath -o ../../bin/telemetrygen_$(GOOS)_$(GOARCH)$(EXTENSION) \
 		-tags $(GO_BUILD_TAGS) .
 
+.PHONY: telemetrygenlite
+telemetrygenlite:
+	cd ./cmd/telemetrygen && GO111MODULE=on CGO_ENABLED=0 $(GOCMD) build -trimpath -o ../../bin/telemetrygen_$(GOOS)_$(GOARCH)$(EXTENSION) \
+		-tags $(GO_BUILD_TAGS) -ldflags $(GO_BUILD_LDFLAGS) .
+
 # helper function to update the core packages in builder-config.yaml
 # input parameters are 
 # $(1) = path/to/versions.yaml (where it greps the relevant packages)
diff --git a/Makefile.Common b/Makefile.Common
index 53584bf57e14..e2eee6f55e72 100644
--- a/Makefile.Common
+++ b/Makefile.Common
@@ -25,6 +25,8 @@ SRC_PARENT_DIR :=  $(shell dirname $(SRC_ROOT))
 
 # build tags required by any component should be defined as an independent variables and later added to GO_BUILD_TAGS below
 GO_BUILD_TAGS=""
+# These ldflags allow the build tool to omit the symbol table, debug information, and the DWARF symbol table to downscale binary size.
+GO_BUILD_LDFLAGS="-s -w"
 GOTEST_TIMEOUT?= 600s
 GOTEST_OPT?= -race -timeout $(GOTEST_TIMEOUT) -parallel 4 --tags=$(GO_BUILD_TAGS)
 GOTEST_INTEGRATION_OPT?= -race -timeout 360s -parallel 4