AbstractGlobal sensitivity analysis of complex moduli of carbon fiber reinforced polymer (CFRP) is performed by using variance‐based sensitivity analysis. Twelve material properties of matrix and fiber are selected as input arguments, including fiber volume fraction, three matrix properties, and eight carbon fiber properties. Ten thousand samples are generated with Sobol sequence. Based on the correspondence principle, six complex moduli of unidirectional CFRP, and two complex moduli of quasi‐isotropic laminate, orthogonal laminate, and symmetric laminate with different fiber angles are predicted using the generalized method of cells and classical laminate theory. The sensitivity indexes of all input arguments are calculated. The results show that the loss factors of CFRP are mainly affected by the matrix loss factor and fiber axial loss factor, and slightly affected by the fiber transverse loss factor.Highlights Sensitivity analysis reveals key factors influencing CFRP complex moduli. Impact of fiber and matrix properties on CFRP damping revealed. Insights for high‐damping and high‐stiffness CFRP development. Enhanced understanding of energy absorption mechanisms. Uncovering the dominant role of matrix and fiber axial properties in damping.