The Fuel Cell Electric Vehicle (FCEV) commercial market is on the brink of significant expansion, primarily due to sustainability mandates, long-distance operational requirements, and substantial investments from both government and private sectors. The market size is projected to surge from USD 0.75 billion in 2024 to an impressive USD 6.2 billion by 2032, showcasing a robust Compound Annual Growth Rate (CAGR) of 30.23%. The FCEV market encompasses buses, trucks, vans, and logistics vehicles, with a focus on heavy-duty applications where battery electric vehicles face limitations. Key growth drivers include stringent zero-emission mandates, increasing demand from e-commerce and logistics giants, significant hydrogen infrastructure developments primarily in Asia-Pacific, and continuous innovations in fuel cell and vehicle design. The regional analysis highlights Asia-Pacific leading in global FCEV adoption, followed by Europe and North America rapidly expanding their FCEV fleets and infrastructure networks. Notable recent developments include China's dominance in FCEV sales, mass production of Hyundai XCIENT trucks, and growing fleet orders in Europe and North America. Despite challenges like higher production costs, limited hydrogen station networks, competition from BEVs, and hydrogen fuel pricing disparities, the market is expected to witness substantial growth in the coming years. Looking ahead, the market is estimated to sustain a high growth rate till 2029, reaching a market size of USD 5-6 billion, with potential to grow further into tens of billions post-2030 if supported by green hydrogen initiatives and expanded station networks. Achieving Total Cost of Ownership (TCO) alignment with other vehicle types is a key focus for the industry, aiming to reduce costs through economies of scale, joint research and development efforts, and enhanced refueling infrastructure to make FCEVs more competitive for long-haul and heavy-duty applications.