The grand challenges of contemporary fundamental physics—dark matter, dark energy, vacuum energy, inflation and early universe cosmology, singularities and the hierarchy problem—all involve gravity as a key component. And of all gravitational phenomena, black holes stand out in their elegant simplicity, while harbouring some of the most remarkable predictions of General Relativity: event horizons, singularities and ergoregions. The hitherto invisible landscape of the gravitational Universe is being unveiled before our eyes: the historical direct detection of gravitational waves by the LIGO-Virgo collaboration marks the dawn of a new era of scientific exploration. Gravitational-wave astronomy will allow us to test models of black hole formation, growth and evolution, as well as models of gravitational-wave generation and propagation. It will provide evidence for event horizons and ergoregions, test the theory of General Relativity itself, and may reveal the existence of new fundamental fields. The synthesis of these results has the potential to radically reshape our understanding of the cosmos and of the laws of Nature. The purpose of this work is to present a concise, yet comprehensive overview of the state of the art in the relevant fields of research, summarize important open problems, and lay out a roadmap for future progress. This write-up is an initiative taken within the framework of the European Action on ‘Black holes, Gravitational waves and Fundamental Physics’.

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We study scalar fields in a black hole background and show that, when the scalar is suitably coupled to curvature, rapid rotation can induce a tachyonic instability. This instability, which is the hallmark of spontaneous scalarization in the linearized regime, is expected to be quenched by nonlinearities and endow the black hole with scalar hair. Hence, our results demonstrate the existence of a broad class of theories that share the same stationary black hole solutions with general relativity at low spins, but which exhibit black hole hair at sufficiently high spins (a/M 0.5). This result has clear implications for tests of general relativity and the nature of black holes with gravitational and electromagnetic observations.