This thesis deals with the approach, the structure and the variety of methods in the field of technology forecasting. Furthermore insights into the environment of Railways Diagnostics and Monitoring Technologies (RDMT), their technology management and industryspecific requirements for technology forecasting (especially in the area SMEs) are given. Combining those a recommendation for practical use of research results in companies of this size and industry is developed. In order to initiate the previously mentioned research elements a literature research was operated in the field of innovation management and the railway environment. In addition, an interview with an expert of a medium-sized technology manufacturer of RDMT industry was performed. The most important finding was that a single method cannot fulfill the requirements on its own, thus a combination of methods and organizational forms is necessary to achieve an effective technology forecasting.