Many different sectors are beginning to deploy cyber‐physical systems (CPS) and industrial Internet of Things (IIoT) devices, including wearables, sensors, and critical infrastructure. In order to ensure that the device's data remains confidential, it must be encrypted prior to transmission. However, obtaining authenticity and integrity in IIoT data is also crucial, and signcryption has been proposed as a solution to this challenge. An additional obstacle is how to search for signcrypted cloud data using plaintext keywords. In this paper, we suggest a plaintext‐checkable identity‐based signcryption for CPS towards IIoT (IBSC‐PCE), which enables plaintext searching of signcrypted cloud‐based data. We provide both confidentiality and integrity and also demonstrate the security of our approach under the q‐Diffie‐Hellman inversion problem (q‐DHIP). This problem has been shown to be secure in the random oracle model (ROM), which further reinforces the robustness of our approach. Compared to current state‐of‐the‐art methods, our proposed approach outperforms them.