In this paper, probabilistic failure analysis based on Weibull distribution function is proposed to predict the fiber strength of composite pressure vessel. And, experimental tests were performed using fiber strand specimens, unidirectional laminate specimens and composite pressure vessels to confirm the volumetric size effect on the fiber strength. As an analytical method, the Weibull weakest link model and the sequential multi-step failure model are considered and mutually compared. The volumetric size effect shows the clearly observed tendency towards fiber strength degradation with increasing stressed volume. Good agreement of fiber strength distribution was shown between test data and predicted results for unidirectional laminate and hoop ply in pressure vessel. The site effect on fiber strength depends on material and processing factors, the reduction of fiber strength due to the stressed volume shows different values according to the variation of material and processing conditions.