Textile braiding and composites production have been carried out throughout human history. In this article we focus on a review of two‐ and three‐dimensional braiding processing and mechanical performance, discuss available predictive modeling techniques, and discuss the advantages and disadvantages of braiding as it relates to other similar manufacturing methods; in contrast to the earlier version of this article, we also emphasize the importance of two‐dimensional braiding. The article concludes by discussing possible future research directions.