Indirect Lighting

While not strictly correct, all lighting that is not coming straight out from a light object is considered as indirect lighting in Eevee. That means distant HDRI lighting (or World) is considered as indirect lighting. Mesh objects using an Emission node are also considered as indirect lighting.

In Eevee, indirect lighting is separated into two component: Diffuse and Specular. Both have different needs and representation. For efficiency, the indirect lighting data is precomputed on demand into a static lighting cache.

As of now the light cache is static and needs to be computed before rendering. It cannot be updated per frame (unless via scripting). This limitation is being worked on and will be removed in future versions.

Only view independent lighting can be baked. This is why Reflection Planes are not stored inside the light cache.

The visibility and collections used during the baking process are the ones in the current Active View Layer.

To enable light bounces through large environments, the light baking process can be run multiple times while injecting the previous bake result into the bake.

Light bounces only concerns diffuse lighting.

Reference

Panel:Render ‣ Indirect Lighting
Auto Bake
Enabling this option will trigger baking when a probe is changed; useful when positioning probes objects.
Diffuse Bounces
Number of bounces to compute when baking the diffuse irradiance. Total baking time is more or less multiplied by the number of bounce.
Cubemap Size
Size of the reflection cubemaps.
Diffuse Occlusion
Each irradiance sample also stores a shadow map that is used to minimize indirect light leaking. This parameter defines the size of this shadow map.
Irradiance Smoothing
Smooths irradiance interpolation but introduces light bleeding. The irradiance visibility term can make the lighting not interpolate smoothly on some surfaces. This setting relaxes the weight of that interpolation.
Clamp Glossy
Clamp pixel intensity to reduce noise inside glossy reflections from reflection cubemaps (0 is disabled).
Filter Quality
Takes more samples during cubemap filtering to remove artifacts. For now, only has an effect on cubemaps.

Display

Cubemap Size
Display the Reflection Cubemaps present in the cache directly in the 3D View.
Irradiance Size
Display the Irradiance Samples present in the cache in the 3D View.

Note

Cache data display only works in the 3D Viewport and only if the viewport uses world lighting in LookDev mode or is in Render Preview mode.