diff --git a/modules/component/migrations/16_0_0/index.spec.ts b/modules/component/migrations/16_0_0/index.spec.ts
new file mode 100644
index 0000000000..1bb372f370
--- /dev/null
+++ b/modules/component/migrations/16_0_0/index.spec.ts
@@ -0,0 +1,166 @@
+import * as path from 'path';
+import { waitForAsync } from '@angular/core/testing';
+import { Tree } from '@angular-devkit/schematics';
+import {
+  SchematicTestRunner,
+  UnitTestTree,
+} from '@angular-devkit/schematics/testing';
+import { createPackageJson } from '@ngrx/schematics-core/testing/create-package';
+
+describe('Component Migration 16_0_0', () => {
+  let appTree: UnitTestTree;
+  const collectionPath = path.join(__dirname, '../migration.json');
+  const pkgName = 'component';
+
+  beforeEach(() => {
+    appTree = new UnitTestTree(Tree.empty());
+    appTree.create(
+      '/tsconfig.json',
+      `
+        {
+          "include": [**./*.ts"]
+        }
+     `
+    );
+    createPackageJson('', pkgName, appTree);
+  });
+
+  [
+    { module: 'LetModule', declarable: 'LetDirective' },
+    {
+      module: 'PushModule',
+      declarable: 'PushPipe',
+    },
+  ].forEach(({ module, declarable }) => {
+    describe(`${module} => ${declarable}`, () => {
+      it(`should replace the ${module} in NgModule with ${declarable}`, waitForAsync(async () => {
+        const input = `
+          import { ${module} } from '@ngrx/component';
+
+          @NgModule({
+            imports: [
+              AuthModule,
+              AppRoutingModule,
+              ${module},
+              CoreModule,
+            ],
+            exports: [${module}],
+            bootstrap: [AppComponent]
+          })
+          export class AppModule {}
+        `;
+        const expected = `
+          import { ${declarable} } from '@ngrx/component';
+
+          @NgModule({
+            imports: [
+              AuthModule,
+              AppRoutingModule,
+              ${declarable},
+              CoreModule,
+            ],
+            exports: [${declarable}],
+            bootstrap: [AppComponent]
+          })
+          export class AppModule {}
+        `;
+
+        appTree.create('./app.module.ts', input);
+        const runner = new SchematicTestRunner('schematics', collectionPath);
+
+        const newTree = await runner.runSchematic(
+          `ngrx-${pkgName}-migration-16`,
+          {},
+          appTree
+        );
+        const file = newTree.readContent('app.module.ts');
+
+        expect(file).toBe(expected);
+      }));
+
+      it(`should replace the ${module} in standalone component with ${declarable}`, waitForAsync(async () => {
+        const input = `
+          import { ${module} } from '@ngrx/component';
+
+          @Component({
+            imports: [
+              AuthModule,
+              ${module}
+            ]
+          })
+          export class SomeStandaloneComponent {}
+        `;
+        const expected = `
+          import { ${declarable} } from '@ngrx/component';
+
+          @Component({
+            imports: [
+              AuthModule,
+              ${declarable}
+            ]
+          })
+          export class SomeStandaloneComponent {}
+        `;
+
+        appTree.create('./app.module.ts', input);
+        const runner = new SchematicTestRunner('schematics', collectionPath);
+
+        const newTree = await runner.runSchematic(
+          `ngrx-${pkgName}-migration-16`,
+          {},
+          appTree
+        );
+        const file = newTree.readContent('app.module.ts');
+
+        expect(file).toBe(expected);
+      }));
+
+      it(`should not remove the ${module} JS import when used as a type`, waitForAsync(async () => {
+        const input = `
+          import { ${module} } from '@ngrx/component';
+
+          const module: ${module};
+
+          @NgModule({
+            imports: [
+              AuthModule,
+              AppRoutingModule,
+              ${module},
+              CoreModule
+            ],
+            bootstrap: [AppComponent]
+          })
+          export class AppModule {}
+        `;
+        const expected = `
+          import { ${module}, ${declarable} } from '@ngrx/component';
+
+          const module: ${module};
+
+          @NgModule({
+            imports: [
+              AuthModule,
+              AppRoutingModule,
+              ${declarable},
+              CoreModule
+            ],
+            bootstrap: [AppComponent]
+          })
+          export class AppModule {}
+        `;
+
+        appTree.create('./app.module.ts', input);
+        const runner = new SchematicTestRunner('schematics', collectionPath);
+
+        const newTree = await runner.runSchematic(
+          `ngrx-${pkgName}-migration-16`,
+          {},
+          appTree
+        );
+        const file = newTree.readContent('app.module.ts');
+
+        expect(file).toBe(expected);
+      }));
+    });
+  });
+});
diff --git a/modules/component/migrations/16_0_0/index.ts b/modules/component/migrations/16_0_0/index.ts
new file mode 100644
index 0000000000..0914ace341
--- /dev/null
+++ b/modules/component/migrations/16_0_0/index.ts
@@ -0,0 +1,216 @@
+import * as ts from 'typescript';
+import { Rule, chain, Tree } from '@angular-devkit/schematics';
+import {
+  visitTSSourceFiles,
+  commitChanges,
+  createReplaceChange,
+  ReplaceChange,
+} from '../../schematics-core';
+
+const letModuleText = 'LetModule';
+const letDirectiveText = 'LetDirective';
+const pushModuleText = 'PushModule';
+const pushPipeText = 'PushPipe';
+const moduleLocations = {
+  imports: ['NgModule', 'Component'],
+  exports: ['NgModule'],
+};
+
+function migrateToStandaloneAPIs() {
+  return (tree: Tree) => {
+    visitTSSourceFiles(tree, (sourceFile) => {
+      const componentImports = sourceFile.statements
+        .filter(ts.isImportDeclaration)
+        .filter(({ moduleSpecifier }) =>
+          moduleSpecifier.getText(sourceFile).includes('@ngrx/component')
+        );
+
+      if (componentImports.length === 0) {
+        return;
+      }
+
+      const ngModuleReplacements = findNgModuleReplacements(sourceFile);
+      const possibleModulesUsageCount =
+        findPossibleModulesUsageCount(sourceFile);
+      const importAdditionReplacements = findImportDeclarationAdditions(
+        sourceFile,
+        componentImports
+      );
+      const jsImportDeclarationReplacements =
+        possibleModulesUsageCount >
+        ngModuleReplacements.length + importAdditionReplacements.length
+          ? importAdditionReplacements
+          : findImportDeclarationReplacements(sourceFile, componentImports);
+
+      const changes = [
+        ...jsImportDeclarationReplacements,
+        ...ngModuleReplacements,
+      ];
+
+      commitChanges(tree, sourceFile.fileName, changes);
+    });
+  };
+}
+
+function findImportDeclarationReplacements(
+  sourceFile: ts.SourceFile,
+  imports: ts.ImportDeclaration[]
+) {
+  return findImportDeclarations(sourceFile, imports)
+    .map(({ specifier, oldText, newText }) =>
+      !!specifier && !!oldText
+        ? createReplaceChange(sourceFile, specifier, oldText, newText)
+        : undefined
+    )
+    .filter((change) => !!change) as Array<ReplaceChange>;
+}
+
+function findImportDeclarationAdditions(
+  sourceFile: ts.SourceFile,
+  imports: ts.ImportDeclaration[]
+) {
+  return findImportDeclarations(sourceFile, imports)
+    .map(({ specifier, oldText, newText }) =>
+      !!specifier && !!oldText
+        ? createReplaceChange(
+            sourceFile,
+            specifier,
+            oldText,
+            `${oldText}, ${newText}`
+          )
+        : undefined
+    )
+    .filter((change) => !!change) as Array<ReplaceChange>;
+}
+
+function findImportDeclarations(
+  sourceFile: ts.SourceFile,
+  imports: ts.ImportDeclaration[]
+) {
+  return imports
+    .map((p) => (p?.importClause?.namedBindings as ts.NamedImports)?.elements)
+    .reduce(
+      (imports, curr) => imports.concat(curr ?? []),
+      [] as ts.ImportSpecifier[]
+    )
+    .map((specifier) => {
+      if (!ts.isImportSpecifier(specifier)) {
+        return { hit: false };
+      }
+
+      if (specifier.name.text === letModuleText) {
+        return {
+          hit: true,
+          specifier,
+          oldText: specifier.name.text,
+          newText: letDirectiveText,
+        };
+      }
+
+      if (specifier.name.text === pushModuleText) {
+        return {
+          hit: true,
+          specifier,
+          oldText: specifier.name.text,
+          newText: pushPipeText,
+        };
+      }
+
+      // if `LetModule` import is renamed
+      if (specifier.propertyName?.text === letModuleText) {
+        return {
+          hit: true,
+          specifier,
+          oldText: specifier.propertyName.text,
+          newText: letDirectiveText,
+        };
+      }
+
+      // if `PushModule` import is renamed
+      if (specifier.propertyName?.text === pushModuleText) {
+        return {
+          hit: true,
+          specifier,
+          oldText: specifier.propertyName.text,
+          newText: pushPipeText,
+        };
+      }
+
+      return { hit: false };
+    })
+    .filter(({ hit }) => hit);
+}
+
+function findPossibleModulesUsageCount(sourceFile: ts.SourceFile): number {
+  let count = 0;
+  ts.forEachChild(sourceFile, (node) => countUsages(node));
+  return count;
+
+  function countUsages(node: ts.Node) {
+    if (
+      ts.isIdentifier(node) &&
+      (node.text === letModuleText || node.text === pushModuleText)
+    ) {
+      count = count + 1;
+    }
+
+    ts.forEachChild(node, (childNode) => countUsages(childNode));
+  }
+}
+
+function findNgModuleReplacements(sourceFile: ts.SourceFile) {
+  const changes: ReplaceChange[] = [];
+  ts.forEachChild(sourceFile, (node) => find(node, changes));
+  return changes;
+
+  function find(node: ts.Node, changes: ReplaceChange[]) {
+    let change = undefined;
+
+    if (
+      ts.isIdentifier(node) &&
+      (node.text === letModuleText || node.text === pushModuleText) &&
+      ts.isArrayLiteralExpression(node.parent) &&
+      ts.isPropertyAssignment(node.parent.parent)
+    ) {
+      const property = node.parent.parent;
+      if (ts.isIdentifier(property.name)) {
+        const propertyName = String(property.name.escapedText);
+        if (Object.keys(moduleLocations).includes(propertyName)) {
+          const decorator = property.parent.parent.parent;
+          if (
+            ts.isDecorator(decorator) &&
+            ts.isCallExpression(decorator.expression) &&
+            ts.isIdentifier(decorator.expression.expression) &&
+            moduleLocations[propertyName as 'imports' | 'exports'].includes(
+              String(decorator.expression.expression.escapedText)
+            )
+          ) {
+            change = {
+              node: node,
+              oldText: node.text,
+              newText:
+                node.text === letModuleText ? letDirectiveText : pushPipeText,
+            };
+          }
+        }
+      }
+    }
+
+    if (change) {
+      changes.push(
+        createReplaceChange(
+          sourceFile,
+          change.node,
+          change.oldText,
+          change.newText
+        )
+      );
+    }
+
+    ts.forEachChild(node, (childNode) => find(childNode, changes));
+  }
+}
+
+export default function (): Rule {
+  return chain([migrateToStandaloneAPIs()]);
+}
diff --git a/modules/component/migrations/migration.json b/modules/component/migrations/migration.json
index 3b129f2fa8..dfbeead63b 100644
--- a/modules/component/migrations/migration.json
+++ b/modules/component/migrations/migration.json
@@ -5,6 +5,11 @@
       "description": "As of NgRx v14, `ReactiveComponentModule` is deprecated. It is replaced by `LetModule` and `PushModule`.",
       "version": "15.0.0-beta",
       "factory": "./15_0_0-beta/index"
+    },
+    "ngrx-component-migration-16": {
+      "description": "As of NgRx v16, `LetModule` and `PushModule` are deprecated in favor of standalone `LetDirective` and `PushPipe`.",
+      "version": "16.0.0",
+      "factory": "./16_0_0/index"
     }
   }
 }