The symbol is for a GPS device and is an arrow shape. This kind of arrow represents a marker for location or direction when seen on the map of a GPS device.
This GPS icon is made in Material Design style
developed by Google. This style is based on extremely simplified shapes, thin two-pixel lines, and is optimized for 24x24 px. Unlike other vector icon packs that have merely hundreds of icons, this icon pack contains 6,000 icons, all in the same style and quality.