In the present study, the free vibration of functionally graded graphene platelet‐reinforced (FG‐GPLs) and functionally graded carbon nanotube‐reinforced (FG‐CNTs) hybrid laminated nanocomposite truncated conical shells and panels are analyzed. Multi‐layers truncated conical shell and panel of pure FG‐CNTs, pure FG‐GPLs and hybrid CNTs‐GPLs reinforcement were evaluated. In light of its high accuracy in the calculation of thin and thick shells, a third‐order shear deformation theory is adopted. The governing equations and boundary conditions is derived using Hamilton's principle and is solved numerically using the systematic differential quadrature method (DQM) which uses Kronecker delta function. The effective mechanical properties of the CNT‐reinforced nanocomposite layers are estimated using the rule of mixtures, whereas those of the GPL‐reinforced nanocomposite layers is calculated using the Halpin‐Tsai micromechanical model. Convergence and accuracy evaluation of the presented study are confirmed and a number of parameters, including the CNTS volume fraction, GPLs mass fraction, distribution patterns (i.e., Uniform distribution (UD), Functionally graded O‐distribution (FG‐O), Functionally graded X‐distribution (FG‐X), Functionally graded V‐distribution (FG‐V) and FG‐A), different boundary conditions and the vertex angle of the cone, are investigated. The results obtained in this article for the combination of two different materials, GPLs and CNTs, showed that in controlling the natural frequency of the system, without changing the percentage of fiber and only by changing the arrangement, very wonderful results can be achieved.