Thanks for your ideas!
Polyurethane foam-core panels may not delaminate after many impacts, but may not respond well to extended exterior burning.
I have tested 1-inch exposed-aggregate hard stucco over expamet, and even without sheathing support it does stay together under sledgehammering and should resist burning for an hour or so, but is by then pretty much destroyed and must be elaborately repaired to resist further damage.
Have also tested heavy guage flat sheet metal with 1" OC perimeter nails over hard sheathing, which is tough enough to discourage abuse, and heavier plywood would resist heavier impacts, but the sheet metal provides only a little burn protection, so I think the impact resistant layer needs to be noncombustible and resistant to chipping.
One concept uses upper wall shutters which hinge down over the entire lower wall to expose noncombustible finish siding over the entire wall. With shutters up, the exposed back surface and lower wall is vandal resistant and may sustain cosmetic damage without requiring repair. But it must remain intact for many damage cycles to be cost effective.