The Physics Landscape of the High Luminosity LHC

We review the status of HEP after the first run of the LHC and discuss the opportunities offered by the HL-LHC, in light of the needs for future progress that are emerging from the data. The HL-LHC will push to the systematic limit the precision of most measurements of the Higgs boson, and will be necessary to firmly establish some of the more rare decays foreseen by the Standard Model, such as the decays to dimuons and to a Z+ photon pair. The HL-LHC luminosity will provide additional statistics required by the quantitative study of any discovery the LHC may achieve during the first 300 inverse femtobarn, and will further extend the discovery potential of the LHC, particularly for rare, elusive or low-sensitivity processes.