Carbon Fiber Reinforced Plastics (CFRP) composite exhibits significant sensitivity to strain rate. In this work, authors investigated the CFRP composite’s dynamic compressive impact behavior under a high strain rate. The vacuum bagging technique was used to fabricate the composite specimens to reduce the presence of voids. Compressive mechanical behavior was examined for the CFRP composite for strain rate ranging from 1384 to 1953 s−1 using a Split Hopkinson Pressure Bar (SHPB) test setup. The experiment aims to investigate the effect of strain rate on stresses, strains, failure strengths, fracture energies, and failure of quasi-isotropic CFRP composites. Furthermore, the specimens’ strength initially increases and achieves its maximum strength, followed by a decrease in strength value. Moreover, an optical microscopic examination reveals that damage in composite laminate grows as the strain rate increases.