More and more companies feel confronted with rising volatility, uncertainty, complexity and ambiguity (VUCA) in their development of physical products. To encounter such environments, they try to become more agile. However, many myths, misunderstandings and misinterpretations exist in agile hardware development. This empirical study sheds light on companies’ motivations (reasons to implement agile hardware development), potentials (real improvements through agile hardware development) and the concept’s applicability in hardware development. It provides quantitative facts by means of scientific methods.