Bronchi and bronchioles
Airways branch out in the trachea into left and right segments, which we call left and right bronchi. Bronchi subdivide into smaller segments connecting all airways into all five lobes of the lungs. The smallest parts of these branches are called bronchioles, which are a part of the lower respiratory system. The terminal parts of the bronchioles contain alveoli which is the place where gas exchange occurs.
Figure 1. Overview of the respiratory system with a detailed view of the bronchi.