diff --git a/CMakeLists.txt b/CMakeLists.txt
index 9b4dc4c712422..c367885a7c827 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -499,6 +499,18 @@ include(CMakePushCheckState)
 
 print_versions()
 
+include(SwiftSharedCMakeConfig)
+
+# NOTE: We include this before SwiftComponents as it relies on some LLVM CMake
+# functionality.
+# Support building Swift as a standalone project, using LLVM as an
+# external library.
+if(SWIFT_BUILT_STANDALONE)
+  swift_common_standalone_build_config(SWIFT)
+else()
+  swift_common_unified_build_config(SWIFT)
+endif()
+
 include(SwiftComponents)
 include(SwiftHandleGybSources)
 include(SwiftSetIfArchBitness)
@@ -527,16 +539,6 @@ if(NOT CMAKE_CROSSCOMPILING AND CMAKE_SYSTEM_PROCESSOR STREQUAL "i386")
       OUTPUT_STRIP_TRAILING_WHITESPACE)
 endif()
 
-include(SwiftSharedCMakeConfig)
-
-# Support building Swift as a standalone project, using LLVM as an
-# external library.
-if(SWIFT_BUILT_STANDALONE)
-  swift_common_standalone_build_config(SWIFT)
-else()
-  swift_common_unified_build_config(SWIFT)
-endif()
-
 get_filename_component(SWIFT_SOURCE_DIR ${CMAKE_CURRENT_SOURCE_DIR} REALPATH)
 set(SWIFT_BINARY_DIR "${CMAKE_CURRENT_BINARY_DIR}")
 set(SWIFT_CMAKE_DIR "${CMAKE_CURRENT_SOURCE_DIR}/cmake/modules")
@@ -1051,6 +1053,7 @@ if(SWIFT_NEED_EXPLICIT_LIBDISPATCH)
   else()
     set(SOURCEKIT_RUNTIME_DIR lib)
   endif()
+  add_dependencies(sourcekit-inproc BlocksRuntime dispatch)
   swift_install_in_component(FILES
                                $<TARGET_FILE:dispatch>
                                $<TARGET_FILE:BlocksRuntime>
diff --git a/apinotes/CMakeLists.txt b/apinotes/CMakeLists.txt
index ab1ecd6811d8e..3480e6b17e725 100644
--- a/apinotes/CMakeLists.txt
+++ b/apinotes/CMakeLists.txt
@@ -26,6 +26,7 @@ add_custom_target("copy_apinotes" ALL
     COMMENT "Copying API notes to ${output_dir}"
     SOURCES "${sources}")
 
+add_dependencies(compiler copy_apinotes)
 swift_install_in_component(DIRECTORY "${output_dir}"
                            DESTINATION "lib/swift/"
                            COMPONENT compiler)
diff --git a/cmake/modules/AddSwift.cmake b/cmake/modules/AddSwift.cmake
index b45204c400cc2..5d1317443ebbe 100644
--- a/cmake/modules/AddSwift.cmake
+++ b/cmake/modules/AddSwift.cmake
@@ -1506,6 +1506,7 @@ function(add_swift_host_library name)
     INSTALL_IN_COMPONENT "dev"
     )
 
+  add_dependencies(dev ${name})
   if(NOT LLVM_INSTALL_TOOLCHAIN_ONLY)
     swift_install_in_component(TARGETS ${name}
       ARCHIVE DESTINATION lib${LLVM_LIBDIR_SUFFIX} COMPONENT dev
@@ -2117,6 +2118,7 @@ function(add_swift_target_library name)
       endif()
 
       if(sdk STREQUAL WINDOWS AND CMAKE_SYSTEM_NAME STREQUAL Windows)
+        add_dependencies(${SWIFTLIB_INSTALL_IN_COMPONENT} ${name}-windows-${SWIFT_PRIMARY_VARIANT_ARCH})
         swift_install_in_component(TARGETS ${name}-windows-${SWIFT_PRIMARY_VARIANT_ARCH}
                                    RUNTIME
                                      DESTINATION "bin"
@@ -2129,6 +2131,9 @@ function(add_swift_target_library name)
                                      COMPONENT "${SWIFTLIB_INSTALL_IN_COMPONENT}"
                                    PERMISSIONS ${file_permissions})
       else()
+        # NOTE: ${UNIVERSAL_LIBRARY_NAME} is the output associated with the target
+        # ${lipo_target}
+        add_dependencies(${SWIFTLIB_INSTALL_IN_COMPONENT} ${lipo_target})
         swift_install_in_component(FILES "${UNIVERSAL_LIBRARY_NAME}"
                                    DESTINATION "lib${LLVM_LIBDIR_SUFFIX}/${resource_dir}/${resource_dir_sdk_subdir}"
                                    COMPONENT "${SWIFTLIB_INSTALL_IN_COMPONENT}"
@@ -2139,6 +2144,7 @@ function(add_swift_target_library name)
         foreach(arch ${SWIFT_SDK_WINDOWS_ARCHITECTURES})
           if(TARGET ${name}-windows-${arch}_IMPLIB)
             get_target_property(import_library ${name}-windows-${arch}_IMPLIB IMPORTED_LOCATION)
+            add_dependencies(${SWIFTLIB_INSTALL_IN_COMPONENT} ${name}-windows-${arch}_IMPLIB)
             swift_install_in_component(FILES ${import_library}
                                        DESTINATION "lib${LLVM_LIBDIR_SUFFIX}/${resource_dir}/${resource_dir_sdk_subdir}/${arch}"
                                        COMPONENT ${SWIFTLIB_INSTALL_IN_COMPONENT}
@@ -2205,6 +2211,7 @@ function(add_swift_target_library name)
                                OUTPUT
                                  "${UNIVERSAL_LIBRARY_NAME}"
                                ${THIN_INPUT_TARGETS_STATIC})
+        add_dependencies(${SWIFTLIB_INSTALL_IN_COMPONENT} ${lipo_target_static})
         swift_install_in_component(FILES "${UNIVERSAL_LIBRARY_NAME}"
                                    DESTINATION "lib${LLVM_LIBDIR_SUFFIX}/${install_subdir}/${resource_dir_sdk_subdir}"
                                    PERMISSIONS
@@ -2406,6 +2413,7 @@ function(add_swift_host_tool executable)
     ARCHITECTURE ${SWIFT_HOST_VARIANT_ARCH}
     ${ASHT_UNPARSED_ARGUMENTS})
 
+  add_dependencies(${ASHT_SWIFT_COMPONENT} ${executable})
   swift_install_in_component(TARGETS ${executable}
                              RUNTIME
                                DESTINATION bin
diff --git a/cmake/modules/SwiftComponents.cmake b/cmake/modules/SwiftComponents.cmake
index b0e3c8ed74431..401cff7a6ef86 100644
--- a/cmake/modules/SwiftComponents.cmake
+++ b/cmake/modules/SwiftComponents.cmake
@@ -92,11 +92,23 @@ macro(swift_configure_components)
     "A semicolon-separated list of components to install from the set ${_SWIFT_DEFINED_COMPONENTS}")
 
   foreach(component ${_SWIFT_DEFINED_COMPONENTS})
+    add_custom_target(${component})
+    add_llvm_install_targets(install-${component}
+                             DEPENDS ${component}
+                             COMPONENT ${component})
+
     string(TOUPPER "${component}" var_name_piece)
     string(REPLACE "-" "_" var_name_piece "${var_name_piece}")
     set(SWIFT_INSTALL_${var_name_piece} FALSE)
   endforeach()
 
+  # NOTE: never_install is a dummy component to indicate something should not
+  # be installed. We explicitly do not add an install target for this.
+  add_custom_target(never_install)
+
+  add_custom_target(swift-components)
+  add_custom_target(install-swift-components)
+
   foreach(component ${SWIFT_INSTALL_COMPONENTS})
     if(NOT "${component}" IN_LIST _SWIFT_DEFINED_COMPONENTS)
       message(FATAL_ERROR "unknown install component: ${component}")
@@ -106,6 +118,8 @@ macro(swift_configure_components)
     string(REPLACE "-" "_" var_name_piece "${var_name_piece}")
     if(NOT SWIFT_INSTALL_EXCLUDE_${var_name_piece})
       set(SWIFT_INSTALL_${var_name_piece} TRUE)
+      add_dependencies(swift-components ${component})
+      add_dependencies(install-swift-components install-${component})
     endif()
   endforeach()
 endmacro()
@@ -173,6 +187,10 @@ function(swift_install_symlink_component component)
   precondition(INSTALL_SYMLINK
     MESSAGE "LLVMInstallSymlink script must be available.")
 
+  # Create the directory if it doesn't exist. It will fail to create a symlink
+  # otherwise.
+  install(DIRECTORY DESTINATION "${ARG_DESTINATION}" COMPONENT ${component})
   install(SCRIPT ${INSTALL_SYMLINK}
-          CODE "install_symlink(${ARG_LINK_NAME} ${ARG_TARGET} ${ARG_DESTINATION})")
+          CODE "install_symlink(${ARG_LINK_NAME} ${ARG_TARGET} ${ARG_DESTINATION})"
+          COMPONENT ${component})
 endfunction()
diff --git a/cmake/modules/SwiftManpage.cmake b/cmake/modules/SwiftManpage.cmake
index 8b7af1c30a3cc..f8aa4049f2025 100644
--- a/cmake/modules/SwiftManpage.cmake
+++ b/cmake/modules/SwiftManpage.cmake
@@ -27,7 +27,7 @@ function(manpage)
       "${CMAKE_CURRENT_BINARY_DIR}/${MP_MAN_FILE_BASENAME}.${MP_MAN_SECTION}")
 
   add_custom_command_target(
-      unused_var
+      manpage_target
       COMMAND
         "${POD2MAN}" "--section" "${MP_MAN_SECTION}"
         "--center" "${MP_PAGE_HEADER}" "--release=\"swift ${SWIFT_VERSION}\""
@@ -38,6 +38,7 @@ function(manpage)
       DEPENDS "${MP_SOURCE}"
       ALL)
 
+  add_dependencies(${MP_INSTALL_IN_COMPONENT} ${manpage_target})
   swift_install_in_component(FILES "${output_file_name}"
                              DESTINATION "share/man/man${MP_MAN_SECTION}"
                              COMPONENT "${MP_INSTALL_IN_COMPONENT}")
diff --git a/docs/CMakeLists.txt b/docs/CMakeLists.txt
index 5d99a813089a0..c748bd36ebad7 100644
--- a/docs/CMakeLists.txt
+++ b/docs/CMakeLists.txt
@@ -68,6 +68,7 @@ if (DOXYGEN_FOUND)
     add_dependencies(doxygen doxygen-swift)
   endif()
 
+  add_dependencies(dev doxygen-swift)
   swift_install_in_component(DIRECTORY "${CMAKE_CURRENT_BINARY_DIR}/doxygen/html"
                              DESTINATION "docs/html"
                              COMPONENT dev)
diff --git a/lib/Driver/CMakeLists.txt b/lib/Driver/CMakeLists.txt
index fe06fa38591c7..ed21de8722ad2 100644
--- a/lib/Driver/CMakeLists.txt
+++ b/lib/Driver/CMakeLists.txt
@@ -62,4 +62,5 @@ if(SWIFT_BUILD_STATIC_STDLIB)
     endif()
   endforeach()
   add_custom_target(swift_static_lnk_args ALL DEPENDS ${static_stdlib_lnk_file_list})
+  add_dependencies(stdlib swift_static_lnk_args)
 endif()
diff --git a/lib/SwiftDemangle/CMakeLists.txt b/lib/SwiftDemangle/CMakeLists.txt
index 728b2b366675d..b2c775a76a1c7 100644
--- a/lib/SwiftDemangle/CMakeLists.txt
+++ b/lib/SwiftDemangle/CMakeLists.txt
@@ -6,6 +6,7 @@ target_compile_definitions(swiftDemangle PRIVATE
 target_link_libraries(swiftDemangle PRIVATE
   swiftDemangling)
 
+add_dependencies(compiler swiftDemangle)
 swift_install_in_component(TARGETS swiftDemangle
   LIBRARY
     DESTINATION "lib${LLVM_LIBDIR_SUFFIX}"
diff --git a/stdlib/public/Platform/CMakeLists.txt b/stdlib/public/Platform/CMakeLists.txt
index d869b23e76c66..90fba95ec1b4e 100644
--- a/stdlib/public/Platform/CMakeLists.txt
+++ b/stdlib/public/Platform/CMakeLists.txt
@@ -125,3 +125,4 @@ foreach(sdk ${SWIFT_SDKS})
 endforeach()
 add_custom_target(glibc_modulemap DEPENDS ${glibc_modulemap_target_list})
 set_property(TARGET glibc_modulemap PROPERTY FOLDER "Miscellaneous")
+add_dependencies(sdk-overlay glibc_modulemap)
diff --git a/stdlib/public/runtime/CMakeLists.txt b/stdlib/public/runtime/CMakeLists.txt
index f7e611bbd886a..fbe6cc277b9f7 100644
--- a/stdlib/public/runtime/CMakeLists.txt
+++ b/stdlib/public/runtime/CMakeLists.txt
@@ -111,6 +111,7 @@ if(SWIFT_BUILD_STATIC_STDLIB AND "${sdk}" STREQUAL "LINUX")
         "${LibraryLocation}/${CMAKE_STATIC_LIBRARY_PREFIX}swiftImageInspectionShared${CMAKE_STATIC_LIBRARY_SUFFIX}"
       DEPENDS
          ${FragileSupportLibrary})
+    add_dependencies(stdlib ${FragileSupportLibrary})
     swift_install_in_component(FILES $<TARGET_FILE:${FragileSupportLibrary}>
                                DESTINATION "lib/swift_static/${lowercase_sdk}/${arch}"
                                COMPONENT stdlib)
@@ -125,6 +126,7 @@ if(SWIFT_BUILD_STATIC_STDLIB AND "${sdk}" STREQUAL "LINUX")
       "${LibraryLocationPrimary}/${CMAKE_STATIC_LIBRARY_PREFIX}swiftImageInspectionShared${CMAKE_STATIC_LIBRARY_SUFFIX}"
       DEPENDS
          ${FragileSupportLibraryPrimary})
+    add_dependencies(stdlib ${FragileSupportLibraryPrimary})
     swift_install_in_component(FILES $<TARGET_FILE:${FragileSupportLibraryPrimary}>
                                DESTINATION "lib/swift_static/${lowercase_sdk}"
                                COMPONENT stdlib)
@@ -150,6 +152,7 @@ if(SWIFT_BUILD_STATIC_STDLIB AND "${sdk}" STREQUAL "LINUX")
     add_dependencies(static_binary_magic ${swift_image_inspection_${arch}_static})
   endforeach()
   add_dependencies(static_binary_magic ${swift_image_inspection_static_primary_arch})
+  add_dependencies(stdlib static_binary_magic)
 
   add_swift_target_library(swiftImageInspectionSharedObject OBJECT_LIBRARY
     ImageInspectionELF.cpp
@@ -250,6 +253,7 @@ foreach(sdk ${SWIFT_CONFIGURED_SDKS})
       add_custom_target(swiftImageRegistration-${arch_suffix}
                         ALL DEPENDS
                           ${swiftImageRegistration-${arch_suffix}})
+      add_dependencies(stdlib swift-stdlib-${arch_suffix} swiftImageRegistration-${arch_suffix})
     endif()
   endforeach()
 endforeach()
diff --git a/tools/SourceKit/cmake/modules/AddSwiftSourceKit.cmake b/tools/SourceKit/cmake/modules/AddSwiftSourceKit.cmake
index c58bd1d0bb97b..a544e07e8a7df 100644
--- a/tools/SourceKit/cmake/modules/AddSwiftSourceKit.cmake
+++ b/tools/SourceKit/cmake/modules/AddSwiftSourceKit.cmake
@@ -188,6 +188,7 @@ macro(add_sourcekit_library name)
       set(SOURCEKITLIB_INSTALL_IN_COMPONENT dev)
     endif()
   endif()
+  add_dependencies(${SOURCEKITLIB_INSTALL_IN_COMPONENT} ${name})
   swift_install_in_component(TARGETS ${name}
     LIBRARY
       DESTINATION "lib${LLVM_LIBDIR_SUFFIX}"
@@ -345,6 +346,7 @@ macro(add_sourcekit_framework name)
                           MACOSX_FRAMEWORK_SHORT_VERSION_STRING "1.0"
                           MACOSX_FRAMEWORK_BUNDLE_VERSION "${SOURCEKIT_VERSION_STRING}"
                           PUBLIC_HEADER "${headers}")
+    add_dependencies(${SOURCEKITFW_INSTALL_IN_COMPONENT} ${name})
     swift_install_in_component(TARGETS ${name}
                                FRAMEWORK
                                  DESTINATION lib${LLVM_LIBDIR_SUFFIX}
diff --git a/tools/SourceKit/tools/complete-test/CMakeLists.txt b/tools/SourceKit/tools/complete-test/CMakeLists.txt
index 00cd93236b698..f65a890c4c2b6 100644
--- a/tools/SourceKit/tools/complete-test/CMakeLists.txt
+++ b/tools/SourceKit/tools/complete-test/CMakeLists.txt
@@ -24,6 +24,7 @@ if(SWIFT_ANALYZE_CODE_COVERAGE)
     LINK_FLAGS " -fprofile-instr-generate -fcoverage-mapping")
 endif()
 
+add_dependencies(tools complete-test)
 swift_install_in_component(TARGETS complete-test
                            RUNTIME
                              DESTINATION bin
diff --git a/tools/SourceKit/tools/sourcekitd-repl/CMakeLists.txt b/tools/SourceKit/tools/sourcekitd-repl/CMakeLists.txt
index 8a94a5bbf6fcf..32e49a17b6e7f 100644
--- a/tools/SourceKit/tools/sourcekitd-repl/CMakeLists.txt
+++ b/tools/SourceKit/tools/sourcekitd-repl/CMakeLists.txt
@@ -27,6 +27,7 @@ if(HAVE_UNICODE_LIBEDIT)
       LINK_FLAGS " -fprofile-instr-generate -fcoverage-mapping")
   endif()
 
+  add_dependencies(tools sourcekitd-repl)
   swift_install_in_component(TARGETS sourcekitd-repl
                              RUNTIME
                                DESTINATION bin
diff --git a/tools/SourceKit/tools/sourcekitd-test/CMakeLists.txt b/tools/SourceKit/tools/sourcekitd-test/CMakeLists.txt
index baee48ff1811a..09f1106705a89 100644
--- a/tools/SourceKit/tools/sourcekitd-test/CMakeLists.txt
+++ b/tools/SourceKit/tools/sourcekitd-test/CMakeLists.txt
@@ -32,6 +32,7 @@ if(SWIFT_ANALYZE_CODE_COVERAGE)
     LINK_FLAGS " -fprofile-instr-generate -fcoverage-mapping")
 endif()
 
+add_dependencies(tools sourcekitd-test)
 swift_install_in_component(TARGETS sourcekitd-test
                            RUNTIME
                              DESTINATION bin
diff --git a/tools/driver/CMakeLists.txt b/tools/driver/CMakeLists.txt
index 66fcda27dbaea..8e326d0aea316 100644
--- a/tools/driver/CMakeLists.txt
+++ b/tools/driver/CMakeLists.txt
@@ -37,12 +37,15 @@ if(NOT SWIFT_BUILT_STANDALONE)
   add_dependencies(swift clang-headers)
 endif()
 
+add_dependencies(compiler swift)
 swift_install_in_component(FILES "${SWIFT_RUNTIME_OUTPUT_INTDIR}/swiftc${CMAKE_EXECUTABLE_SUFFIX}"
                            DESTINATION "bin"
                            COMPONENT compiler)
+add_dependencies(autolink-driver swift)
 swift_install_in_component(FILES "${SWIFT_RUNTIME_OUTPUT_INTDIR}/swift-autolink-extract${CMAKE_EXECUTABLE_SUFFIX}"
                            DESTINATION "bin"
                            COMPONENT autolink-driver)
+add_dependencies(editor-integration swift)
 swift_install_in_component(FILES "${SWIFT_RUNTIME_OUTPUT_INTDIR}/swift-indent${CMAKE_EXECUTABLE_SUFFIX}"
                            DESTINATION "bin"
                            COMPONENT editor-integration)
diff --git a/tools/libSwiftSyntaxParser/CMakeLists.txt b/tools/libSwiftSyntaxParser/CMakeLists.txt
index 1808e7a6ff98d..2743fb1502de0 100644
--- a/tools/libSwiftSyntaxParser/CMakeLists.txt
+++ b/tools/libSwiftSyntaxParser/CMakeLists.txt
@@ -46,6 +46,7 @@ if(SWIFT_NEED_EXPLICIT_LIBDISPATCH)
   target_link_libraries(libSwiftSyntaxParser PRIVATE BlocksRuntime)
 endif()
 
+add_dependencies(parser-lib libSwiftSyntaxParser)
 swift_install_in_component(FILES "${SWIFT_LIBRARY_OUTPUT_INTDIR}/${CMAKE_SHARED_LIBRARY_PREFIX}${SYNTAX_PARSER_LIB_NAME}${CMAKE_SHARED_LIBRARY_SUFFIX}"
                            PERMISSIONS OWNER_READ OWNER_WRITE OWNER_EXECUTE GROUP_READ GROUP_EXECUTE WORLD_READ WORLD_EXECUTE
                            DESTINATION "lib${LLVM_LIBDIR_SUFFIX}/swift/${SWIFT_SDK_${SWIFT_HOST_VARIANT_SDK}_LIB_SUBDIR}"
diff --git a/utils/build-script-impl b/utils/build-script-impl
index 1d5fbf9fe8c21..5758487f1ba6e 100755
--- a/utils/build-script-impl
+++ b/utils/build-script-impl
@@ -3554,6 +3554,7 @@ for host in "${ALL_HOSTS[@]}"; do
                 if [[ -z "${INSTALL_SWIFT}" ]] ; then
                     continue
                 fi
+                INSTALL_TARGETS=install-swift-components
                 # Swift syntax parser is currently a sub-product of Swift;
                 # We need to specify the install target separately here.
                 if [ "${BUILD_LIBPARSER_ONLY}" ]; then