If you have added a component library to a project as described in Importing Components, you might want to update the library to a newer version if the vendor produces one.
To update the component library used by a project:
When you click the Update menu item, you might see a message saying that no newer version is installed. If you do have a newer version of the library, follow the steps in Importing Components to add it to the IDE, and then choose Update again to update your component library.