Carbon-carbon composite manufactured by deposition of pyrocarbon (PyC) through chemical vapor infiltration (CVI) has the key issue of being process parametric sensitive which necessitates the detailed study of the effect of process parameters on the rate of PyC deposition. Conventional method of studying the parametric effect by changing one variable at a time keeping the other variables constant has a limitation of more number of experiments and missing the interaction effect among the variables. Here, the effect of process parameters including temperature, pressure, methane gas flow rate, and nitrogen gas flow rate on the mass gain and PyC deposition was studied by Taguchi method, a statistical optimization method, which has the advantage of very few experiments performed at specific pairs of process parameters only. The experiments were performed at three levels of the process parameters. Carbon-Carbon composite material is processed through the CVI process where PyC was deposited on porous carbon fiber preforms at various process conditions as per the Taguchi method. The impact of gas residence time, Reynolds number, Prandtl number, and Peclet number were also investigated. It was observed that the CVI process parameters significantly affect the rate of PyC deposition. Optimized CVI process parameters are essential for achieving a high rate of PyC deposition to reduce the processing time. The findings have revealed that a higher PyC deposition rate arises under high temperatures, pressure, methane gas flow rate, and optimal nitrogen gas flow rate. The effect of the critical interaction of the CVI process parameters on the rate of PyC deposition was also obtained. Based on the experimental studies, process guidelines are proposed for the densification of carbon fibers preform to realize C/C composite products.