Recent reports of DJI’s investment in Smart Pie, a rising player in the 3D printing sector, sparked heated discussion across industry circles.
Reactions ranged from excitement to apprehension, amplified by a detailed post from Tao Ye, founder of TQ Bamboo, that cast the quiet 3D printing sector as suddenly stormy.
Yet beyond the social media drama, the story is less about conflict than it is about recognition. DJI’s move reflects a growing acknowledgment that consumer-grade 3D printing is no longer a fringe experiment—it has reached a stage worthy of serious corporate attention. And when a cautious giant like DJI decides to pause, evaluate, and invest, it can signal that the industry is finally “coming of age.”
In consumer hardware, anxiety doesn’t come from giants stepping in, it comes from their absence. A sector can be lively, noisy, and innovative, but if major players ignore it, that silence is the most unambiguous form of rejection. The real inflection point occurs when established companies begin to actively engage, often with recruitment and strategic investment.
DJI’s decision to enter consumer 3D printing follows this logic. Historically, companies are conservative about entering nascent sectors. For example, Tencent once considered acquiring Black Shark to compete with ByteDance in XR, but ultimately held back because the sector had not demonstrated sufficient maturity. DJI’s initial hesitation to back Tao Ye’s proposal for 3D printing likely stemmed from similar caution.
The entrance of industry leaders is not a threat, it is an endorsement. With consumer-grade 3D printing revenue reaching $4 billion in 2024 and an annual growth rate near 30%, the market is one of the few hardware segments still attracting serious investment. Supply chains are maturing, component costs are falling, and AI-driven tools are making 3D modeling accessible to a wider audience. Entry-level printers now cost under 2,000 yuan, significantly lowering barriers to adoption.
With hardware becoming more affordable and software more user-friendly, a community once limited to hobbyists is expanding rapidly. Companies like Alibaba, ByteDance, Xiaomi, and vivo are ramping up engagement. Visionary investors and institutions such as Tencent, Hillhouse, and Meituan have already positioned themselves strategically. DJI’s involvement represents the latest in a wave of recognition that the industry has grown beyond its niche beginnings.
This collective interest suggests that consumer-grade 3D printing is moving toward a mature phase, where companies are judged not by hype or novelty but by their ability to execute and scale effectively.
Growth inevitably brings competition. Early-stage 3D printing firms, like Bambu Lab, flourished in a phase characterized by technological iteration and community-driven enthusiasm. The company quietly built capabilities until its Bambu Lab X1 gained rapid market traction, surpassing some industrial-grade competitors. Tozhu, another market leader, is projected to generate nearly 6 billion yuan in revenue in 2024, maintaining a net profit margin of roughly 30%—higher than even Apple’s typical 25–27%.
Such profitability inevitably attracts challengers, compressing margins and intensifying competition. This is not a critique of incumbents; it is an inherent dynamic in any developing industry. When comfort zones disappear, anxiety rises—but this very tension indicates that the sector has matured.
Historical parallels exist. In the early smartphone era, low-cost copycat manufacturers thrived briefly but vanished once the industry moved into systematic competition. Consumer-grade 3D printing now faces a similar transition: companies must strengthen their foundations, innovate continuously, and raise technical barriers to survive.
The recent “long post” from Tuozhu founder Tao Ye stirred waves, but much of the concern reflects personal and narrative-driven anxieties rather than concrete competitive threats. DJI’s involvement is not a hostile takeover; it is a signal that industry benchmarks are rising.
Within the 3D printing sector, there are currently two main technical paths: fused deposition modeling (FDM) and photopolymerization. Tozhu focuses on FDM, emphasizing ease of use and mass-market accessibility. Smart Pie, backed by DJI, leans toward photopolymerization, which offers greater detail and precision but has a steeper learning curve. These parallel approaches are complementary, fostering healthy competition and innovation.
DJI functions as a mirror—it reflects industry potential and filters for quality. For companies with solid fundamentals, its presence is an opportunity, not a threat. The industry’s coming-of-age involves elevating standards collectively, not resisting newcomers.
The Tuozhu post also highlights another dynamic: the emotional component of entrepreneurship. Industry commentary often amplifies feelings of rivalry or nostalgia, but business decisions are ultimately bets on products and market cycles. Mature entrepreneurs must learn to separate emotion from strategy.
The growing pains of DJI-system companies illustrate this shift. Leaders must transition from emotionally charged narratives to disciplined, product-driven strategies. DJI’s philosophy emphasizes product quality and market execution over hype, offering a model for others in the sector.
Ultimately, consumer 3D printing is a product-led industry. Market noise, personal narratives, or social media storms may come and go, but long-term success depends on tangible performance and user adoption. DJI’s investment in Smart Pie underscores this principle: the company’s reputation is built on execution, not rhetoric, and the 3D printing industry is beginning to mature around similar metrics.
The sector’s trajectory mirrors other technological evolutions. Just as smartphones emerged from a chaotic early phase to systematic competition, consumer 3D printing is shedding its niche constraints. Growth brings competition, higher standards, and greater industry discipline. For companies prepared to meet these challenges, the opportunities are significant. For those unprepared, the rise of DJI and other giants serves as both a warning and a guide.
