"This model has gone through another evolution at (the) much-larger bases on Fiery Cross, Subi and Mischief reefs."
Satellite images of Hughes and Gaven reefs showed what appeared to be anti-aircraft guns and what were likely to be close-in weapons systems (CIWS) to protect against cruise missile strikes, it said.
Images from Fiery Cross Reef showed towers that likely contained targeting radar, it said. AMTI said covers had been installed on the towers at Fiery Cross, but the size of platforms on these and the covers suggested they concealed defence systems similar to those at the smaller reefs.
"These gun and probable CIWS emplacements show that Beijing is serious about defence of its artificial islands in case of an armed contingency in the South China Sea," it said.
"Among other things, they would be the last line of defence against cruise missiles launched by the United States or others against these soon-to-be- operational air bases."
AMTI director Greg Poling said AMTI had spent months trying to figure out what the purposes of the structures was.
"This is the first time that we're confident in saying they are anti-aircraft and CIWS emplacements. We did not know that they had systems this big and this advanced there," he told Reuters.
"This is militarisation. The Chinese can argue that it's only for defensive purposes, but if you are building giant anti-aircraft gun and CIWS emplacements, it means that you are prepping for a future conflict.
"They keep saying they are not militarising, but they could deploy fighter jets and surface-to-air missiles tomorrow if they wanted to," he said.
"Now they have all the infrastructure in place for these interlocking rings of defence and power projection."
The report said the installations would likely back up a defensive umbrella provided by a future deployment of mobile surface-to-air missile (SAM) platforms like the HQ-9 system deployed to Woody Island in the Paracel Islands, further to the north in the South China Sea.
China has said military construction on the islands will be limited to necessary defensive requirements. The United States has criticised what it called China's militarisation of its maritime outposts and stressed the need for freedom of navigation by conducting periodic air and naval patrols near them that have angered Beijing.
- Reuters, AAP