In the dynamic bifurcation and dynamic hysteresis of a system, our first consideration is the tiny changes in time that can lead to variations in the vector field, potentially causing the occurrence of system dynamic bifurcation and dynamic hysteresis. This paper presents a novel method for analyzing the global bifurcation and hysteresis of Functionally Graded Material (FGM) truncated conical shell structure under aerodynamics and in-plane force along meridian near internal resonances. This method involves introducing the ratio of vector fields as a periodic perturbation parameter in the system’s nonlinear second-order ordinary differential governing equations. This allows for the analysis of the nonlinear ordinary differential equations as algebraic equations, yielding algebraic expressions that only involve parameters and do not contain state variables. Subsequently, the global bifurcation set and global hysteresis set of FGM truncated conical shell structure are obtained, providing the parameters interval ranges for the stability and instability of FGM truncated conical shell structure. By utilizing MAPLE software for numerical simulation, the images of the global bifurcation set and global hysteresis set about the amplitude of in-plane load are first simulated numerically. Subsequently, the amplitude graphs of the equilibrium points are numerically simulated for validation. The results demonstrate a perfect alignment between the images of the global bifurcation set and global hysteresis set and the data from the amplitude graphs of the equilibrium point. Due to the periodicity of the periodic perturbation parameter, it shuttles between different persistent regions as other parameters change, leading to the generation of chaotic solutions in the governing equations. The validity of the obtained results is confirmed through comparisons with existing literature.